Browsing: Budget Deficit
House GOP pushes through budget blueprint in step toward Trump’s ‘big beautiful bill’, with $4.5 billion in tax breaks and $2 billion in spending cuts
Speaker of the House Mike Johnson, of La., with House Republican Conference Chairwoman Lisa McClain, from left, Rep. Tim Moore,…
President-elect Donald Trump’s nomination of Scott Bessent to oversee the US Treasury is taking some heat out of the dollar’s…
Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle Government Bureaucracy,…
Former CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat
President-elect Trump’s economic agenda—cut taxes and embark on a widespread campaign of deregulation—could risk running up the already skyhigh national…
France says it has the ‘courage’ to cure its €15 billion absenteeism crisis, by delaying sick payments and cutting public sector benefits
France is grappling with a ballooning deficit, prompting significant tax hikes and aggressive cost-cutting measures announced earlier this month. Of…
In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see
Suburban moms, crypto bros, and Swifties aren’t the only voters making their presence felt this election season. Bond investors are…
Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—’Yeah, sure, but why not?’
Former President Donald Trump voiced support for eliminating income taxes and replacing the revenue with receipts from tariffs. During a…
Chicago is freezing hiring and curbing other expenses to help close more than $1 billion in budget shortfalls through next…
With U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently…
The U.S. deficit is nearly as big a Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse
The presidential election has brought the issue of federal budget deficits back into the spotlight as markets weigh the impact…