"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — The federal budget deficit in December totaled $13.5 billion, helping to push the deficit for the first three months of this budget year up 41.8 percent from the same period the previous year. The Treasury Department said Wednesday ...
The rush to avoid tariffs has beaten several monthly records, with the deficit in goods trade hitting a new high in March. True impact not yet known Analysts say that while the headline figure appears to be a disaster for Trump, the impact from the hoarding of imported goods distorts the ...
WASHINGTON (AP) — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
Washington claims other nations have ripped off the American economy through tariffs or non-tariff barriers. Its stated goal is to pressure trading partners to lower barriers on U.S. goods to reduce the U.S.'s overall trade deficit.However, the global community should not delude itself into ...
Gov. Gavin Newsom has proposed a pause to the enrollment of more low-income immigrants without legal status for state-funded health care benefits in 2026 as California faces a steep budget deficit. May 14 California will sue to stop Trump from imposing sweeping tariffs: "No other state will...
The Federal budget deficit is the amount of spending by the Federal government that is in excess of how much money the government brings in annually. While the Federal budget deficit has steadily decreased overall during the past fifteen years, our Federal debt continues to grow at a drastic ra...
Economic Update October 8, 2024 US Trade Deficit Narrowed in August From Retreats in Goods Deficit and a Broader Services Surplus • The U.S. goods and services trade deficit narrowed in August 2024. • The goods deficit fell due to a jump in goods exports and a decline...
"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...