The US federal budget deficit is projected at $2 trillion this fiscal year, exceeding 6% of GDP. Here's what it means for ...

The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing ...

The latest report from the U.S. Treasury Department revealed the stark gap between government income and spending. In July, the government collected $338 billion in total receipts but spent $630 ...

A potential sovereign debt crisis looms as governments continue to ramp up their spending and deficits. In 2024, the latest ...