US Trade Deficit is at a current level of 84.36B, up from 70.79B last month and up from 62.22B one year ago. This is a change of 19.17% from last month and 35.58% from one year ago. Report US International Trade in Goods and Services Category International Transactions Region United ...
In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars. U.S. Government budget The government budget is a financial statement that demonstrates the government’s...
August 13, 2024 at 3:42 AM GMT+8 Interest costs in the first 10 months of the fiscal year totaled $956 billion, up 32% from 2023. Getty Images The US budget deficit exceeded $1.5 trillion with two months to go until the end of the fiscal year, down slightly on 20...
At the same time that domestic demand in China weakened, global demand was boosted by significant dissaving—particularly in the United States, where the fiscal deficit grew substantially relative to the pre-pandemic era and the household saving rate halved. Thus, the pandemic created two different...
The December 2022 deficit was 299% larger than the December 2021 shortfall ($21.3 billion). In fact, with the exception of the pandemic year (2020), this was the biggest December deficit since 2011, when the US government was still trying to stimulate the economy out of the 2008 recession...
If the new US government implements tax cuts as the US president-elect pledged to do during his election campaign, in a bid to woo the voters, this will further reduce government revenue and expand the government's fiscal deficit, which will accelerate the deterioration of the US' debt proble...
If the new US government implements tax cuts as the US president-elect pledged to do during his election campaign, in a bid to woo the voters, this will further reduce government revenue and expand the government's fiscal deficit, which will accelerate the deterioration of the US' debt ...
With fewer tariffs in place, this scenario also predicts lower inflation compared to the baseline, stronger consumer spending starting in 2026, and a lower merchandise trade deficit. However, due to the inflationary impact of the tax cuts, inflation does settle around 2.3% per year by the outer...
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.
"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...