Billionaire Ray Dalio warned the U.S. risks an economic heart attack within three years unless the federal budget deficit is ...

WASHINGTON — The federal budget deficit rose sharply in June compared to a year ago, although much of the increase reflected calendar quirks. The Treasury Department said Thursday the June deficit ...

That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the ...

The June budget surplus represented a turnaround from the $71 billion deficit in June 2024. The new tariff-related revenue helped boost total budget receipts last month by 13%, or $60 billion, to ...

Trump is grappling with a structural problem inherent to America’s current budget conundrum: how to extend the 2017 tax cuts without massive deficit increases, as entitlement spending and debt ...

If this sensitivity were to double to $0.66 per dollar of deficit – say, due to further domestication of the US Treasuries market, which is a risk but not our base case – the resulting drag on ...

In fact, public broadcasting accounts for a mere .001% of the federal budget. If this expenditure were gone tomorrow, it would have less than a negligible impact on the deficit.