The annual U.S. deficit with Mexico would be the United States’ largest for the first time were it not for the surge of U.S.

Since Donald Trump returned to the White House in January, the federal deficit has declined by $516 billion on a trailing-12-month basis. Spending is basically flat, but revenue is up a remarkable 8.5 ...

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

The U.S. trade deficit unexpectedly narrowed in September, touching the lowest level in more than five years, as exports accelerated and imports rose marginally, suggesting that trade likely provided ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. A debate over US trade deficits has been raging online, ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

President Donald Trump believes that tariffs will shrink the trade deficit by getting more Americans to buy U.S. stuff instead of foreign stuff. But in economics, things don’t work quite that simply.

A deficit is a financial imbalance that happens when debt, expenses or liabilities are greater than revenue, income or assets. The term can also refer to a trade imbalance in which a country imports ...

President Donald Trump has made reducing U.S. trade deficits, which have expanded significantly in recent decades, a priority of his administration. He and his advisors argue that renegotiating trade ...

Franklin County public schools completed an audit of the 2025 fiscal year and found they now face a $1.7 million deficit due ...

Thailand posted a higher-than-expected trade deficit for a second month as a jump in imports outpaced sluggish export growth, ...