Both the Treasury and the markets agree we’re on course to borrow $2 trillion this year, up from the $1.8 trillion deficit we logged last year. $2 trillion deficits used to be unheard of, and then ...

The Supreme Court’s recent rejection of the Trump administration's tariffs imposed under the International Emergency Economic ...

Baltimore could see a $3.3 million deficit next summer and is in a tight spot through one quarter of the new fiscal year if current spending levels continue, the city budget director said Tuesday.

WASHINGTON -- The United States' annual deficit exceeded $1.1 trillion during the first six months of the ongoing fiscal year, around $139 billion less compared to the first half of fiscal 2025. The ...

California’s ongoing fiscal imbalance would narrow under Gavin Newsom’s final budget plan, though a structural deficit would ...

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 ...

India has historically faced pressure on its oil trade deficit because it imports more than 85% of its annual crude oil ...