Browsing: Budget Deficit
Trump’s reciprocal tariffs are struck down by federal appeals court, putting trade deals and huge revenue windfall at risk
President Donald Trump’s trade war suffered a severe blow late Friday, when a federal appeals court stuck down most of…
Trump’s tariffs are becoming such an important revenue source that they’re now propping up America’s debt rating
Ratings agency S&P Global had some good news and bad news on the U.S. deficit outlook. The good news is…
The U.S. debt outlook is so dire it now resembles the student loan crisis, former White House economic adviser says
The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like…
President Donald Trump signed the so-called One Big Beautiful Bill (OBBB) into law Friday, a budget that will have far-reaching…
Congressional Budget Office digs further into ‘Big, Beautiful Bill’ and now says it will raise deficit by $2.8 trillion, $441 billion more than before
The report, produced by the nonpartisan CBO and the Joint Committee on Taxation, factors in expected debt service costs and finds that…
Treasury head Scott Bessent says Jamie Dimon should relax about the bond markets: ‘For his entire career he’s made predictions…none of them have come true’
Treasury Secretary Scott Bessent downplayed worries about the U.S. debt this Sunday, just days after JPMorgan Chase CEO Jamie Dimon,…
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…












