US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, ...

The U.S. federal budget deficit ballooned to $1.97T so far this fiscal year, while tariffs have driven customs duties revenues to a record $165.2B in that period. Fiscal year 2025 is on track to ...

WASHINGTON — U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending ...

Kristalina Georgieva said a breakdown of trust sparked a ‘reboot of the global trading system’ but the global economy will avoid a recession. A critical vulnerability program did get continued ...

The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...

The U.S. federal government spent $345.0B more than it received in August, according to the Treasury Department's monthly statement released on Thursday. That brings the fiscal year-to-date deficit to ...

WASHINGTON, Aug 20 (Reuters) - U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and ...

The U.S. federal budget shortfall stood at $1.81T in fiscal-year 2025, the nonpartisan Congressional Budget Office estimated in its monthly budget review released on Monday, narrowing 4% from the ...

Reduce tax carve-outs like SALT and do more to reduce spending and reform Medicaid. Treasury yields gave up early gains to end a volatile session lower as markets grew more concerned about the U.S.