Los Angeles Mayor Karen Bass unveiled a proposed $13.9 billion municipal budget for fiscal year 2025-26, which includes more ...

A selloff in U.S. stocks, long-term government bonds and the dollar clearly traces back to policy choices by President Donald ...

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest ...

"Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit," Fitch said in a ...

Israeli Prime Minister Benjamin Netanyahu said Israel would eliminate its trade deficit with the US. Netanyahu met with Trump after the US said it was imposing a 17% tariff on Israeli goods.

“This is going to only accelerate our deficit.” Their resistance poses a familiar problem for Mr. Johnson, who must again try to deliver the votes on budget ... just allows us to get off ...

"But tariffs on avocados are not going to make us safer as a country." Kates said in the short run, Trump's tariffs will likely not bring down the overall trade deficit in a significant way.

The chart below records the monthly deficit. 2024 GDP was about $29 trillion, so the trade deficit is about 3.1% of GDP. Some have suggested that the U.S. trade deficit is a result of us being a ...

Washington DC: US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, underlining the financial deficits the US faces with nations like ...

With Congress embarking on budget reconciliation to cut taxes and ... UBS projects persistently wide deficits will push debt-to-GDP sharply higher in the coming years -- reaching approximately ...

Blaming foreigners for the trade deficit, therefore, is like blaming the bank for charging a low interest rate. We have a trade deficit because foreigners willingly charge us low interest rates ...