(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal ...
Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...
If you look closely, you can see some progress on cutting federal spending. At least that’s the conclusion of the respected Kim Strassel, writing recently in the Wall Street Journal before the ...
The U.S. economy is increasingly propped up by federal deficit spending, which, by one estimate, effectively adds about $15,000 per household to the economy each year. Federal deficit spending became ...
The federal government may have to refund all the tariff revenue it brought in. A federal court ruling in favor of tariff refunds reduces one of the economic upsides of import taxes—their benefit to ...
President Donald Trump has repeatedly pledged to slash the national deficit and curb debt during his second term, but a sobering assessment of the nation’s financial health by one of the federal ...
WASHINGTON -- The United States' deficit for the current fiscal year is increasing at a lower rate compared to the prior year, with the federal government ending January with a nearly $697 billion gap ...
President Trump’s tariffs aren’t working as advertised. Taxes on imports can’t shrink the trade deficit, significantly boost ...
The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, ...
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