Deficit

Lawmakers considered proposals in the House Budget Committee last week that would establish a bipartisan fiscal commission to suggest policies that would rein in the deficit and debt.

The U.S. federal budget deficit is expected to nearly double this year, growing to $2 trillion as a result of higher interest rates and lower tax revenue.

Fitch’s downgrade doesn’t mean were about to default. It does mean we look like a country that can’t be depended on. Will we lose our status as a reserve currency?

A report from spending watchdog Open the Books shows that the government wasted an average of $683 million per day last year.

President Biden vowed to make both billionaires and corporation "pay their fair share" while speaking at a conference for members of a firefighters union on Monday.

The CBO's latest budget update showed the federal deficit was up $200 billion year-over-year as of January, despite President Biden's claims about his deficit reduction efforts.

President Biden tried to take credit for what he claims is an improving economy durin ghis State of the Union speech Tuesday night. Americans aren't falling for it.

The non-partisan Congressional Budget Office found that Social Security's main trust funds could be exhausted by 2033, which could result in reduced payments to beneficiaries.

Former United Nations ambassador Nikki Haley blasted President Biden's recent comments where he called Republican's "fiscally demented."

California is facing a $24 billion budget shortfall for 2023-24 as ongoing concerns about inflation and a potential recession create economic uncertainty.

Congress woke up Tuesday morning with the daunting task of passing a $1.7T spending bill before the end of the week, with little time to read its 4,155 pages.

The federal government borrowed $83 billion in October, putting it on a pace for another $1 trillion budget deficit this year despite lower costs related to the COVID pandemic.

FOX Business host Larry Kudlow calls out President Biden for his statement on $1.4 trillion deficit drop being the largest one-year decline in history on 'Kudlow.'

U.S. national debt is closing in on $31 trillion after Congress spent at an amazing clip and borrowed before the pandemic. Stocks suffered the worst day in two years as inflation rises.

The Biden administration has claimed progress reducing the annual budget deficit, but total U.S. debt continues to climb to record highs.

The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.

President Biden pledged in his first State of the Union address to cut $1 trillion from America's deficit by the end of 2022.

The U.S. trade deficit widened to a record in June as the resurgent American economy drove strong demand for foreign-made goods ahead of the Covid-19 Delta-variant surge.