America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

The Supreme Court on Friday ruled President Trump exceeded his powers and delared illegal the IEEPA tariffs that were the ...

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, a release by the agency showed Wednesday.

Through President Donald Trump’s first full 10 months in office, the cumulative U.S. trade deficit in goods and services was down 3.9% from the same period in 2024. His claim that he has “slashed our ...

The fall October’s deficit relative to September’s is entirely due to swings in pharmaceutical imports and gold imports (and exports). Ironically, neither category has been subject to tariffs. Fear of ...