The federal government recorded one of the largest budget deficits in U.S. history this year when fiscal year 2025 concluded. The nonpartisan Congressional Budget Office (CBO) projected to record a nearly $1.8 trillion deficit in fiscal year 2025 ...

Worries about government deficits are making one of their periodic tours of Wall Street. Investors say the prospect of bigger budget imbalances in the second Trump administration are a factor behind the recent climb in Treasury yields, which help set ...

The federal deficit and national debt are expected to grow by trillions of dollars over the next decade, according to 10-year projections from the nonpartisan Congressional Budget Office (CBO). The CBO projected that the U.

CBO projects that the shortfall will deepen in 2026 to $1.853 trillion, slightly more than 2025’s $1.775 trillion deficit. Looking further down the road offers a similarly concerning trajectory. Over the coming decade, the non-partisan budget office predicts that the US deficit-to-GDP ratio will steepen to 6.7% in 2036 from the current 5.7%.

It is true that — as U.S. Vice President Kamala Harris claimed during the Sept. 10, 2024, presidential debate — when former President Donald Trump left the White House, the trade deficit had reached almost $63 billion, one of its highest levels ever.

During the Sept. 10, 2024, televised debate between U.S. Vice President Kamala Harris and former President Donald Trump, the rivals in the upcoming November presidential election, Harris claimed Trump's administration had left the country with "one of the ...

WASHINGTON President Bush has the dubious distinction of presiding over a larger buildup in trade deficits than the country recorded in its first 220 years. For the third straight year, the nation's trade deficit hit an all-time high an eye-popping $ ...