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 ...

“We have to return to a reasonable pre-pandemic level of spending,” says Republican US Senator Ron Johnson of Wisconsin, who doesn’t like the budget bill that passed in the House because it doesn’t ...

Learn why state governments can't run fiscal deficits like the federal government, focusing on balanced-budget laws and their economic impact.

WASHINGTON -- Despite increasing revenues from tariffs on imported goods, the federal government reported a monthly deficit of $291.1 billion for July, a 19.4% increase from July 2024's monthly ...

The U.S. federal deficit remains historically high, but recent fiscal swings have not significantly disrupted economic growth or inflation trends. Since 2009, the Federal Reserve's shift to a quantity ...

President Donald Trump's "big beautiful" tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according ...

STOCKBIDGE —"It ain't what you know that gets you into trouble. It's what you know for sure that just ain't so." This quote is often attributed to Mark Twain but, according to the Center for Mark ...

Corporate America loves huge and growing federal government deficits. Few corporate leaders will admit this, but the fact is that a dramatic reduction in the federal deficit would lead to a decline of ...