The Treasury Department reported on Friday that the budget shortfall increased by $64 billion to $1.3 trillion in the first ...

The United States Treasury confirmed Wednesday that the federal budget deficit for May hit $316 billion, placing it among the top three largest monthly gaps ever recorded. This comes right after ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and spending package on July 3 aimed at realizing President Donald Trump’s ...

James K. Galbraith asks whether US Treasury Secretary Scott Bessent is right to urge the Federal Reserve to lower interest ...

The Federal deficit is running at 6.7% of GDP, while net government debt , ... Key parameters of the US federal budget (FY2018-24, and 12M ending May 2025) *12M rolling sum.

President Donald Trump's sweeping tax-cut and spending bill would lead to a larger-than-expected $2.8 trillion increase in the federal deficit over the decade, despite a boost to U.S. economic ...

Bond yields have swung wildly in the first six months of Trump's presidency. The roller coaster ride for yields has stemmed from concerns about tariffs and US debt.; Strategists at SocGen said are ...

The federal deficit was 5.4 percent of GDP in 2022, 6.2 percent in 2023 and 6.4 percent in 2024. Advertisement Extremely low interest rates allowed America to accumulate this mountain of debt ...