U.S. budget deficit tops $1 trillion halfway through fiscal year

The U.S. budget deficit has topped $1 trillion halfway through the current fiscal year, driven in part by rising interest payments on the national debt. Read More

The US's blowout debt burden is one piece of a global problem, IMF warns

"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar," the IMF's Vitor Gaspar said. Read More

US Budget Deficit Exceeds $1 Trillion Through March

The US budget deficit exceeded $1 trillion in the first six months of the fiscal year, bolstered in part by interest on public debt, according to Treasury Department data released Wednesday. Read More

Growing Deficit And The Future Of U.S. Fiscal Policy

Tax Analysts' chief economist Martin Sullivan discusses the Congressional Budget Office’s latest economic forecast, new insights on the effects of the Tax Cuts and Jobs Act, and what all this means ... Read More

U.S. Federal Budget Deficit Narrows in March with Reduced Outlays and Increased Receipts

The U.S. Treasury Department announced on Wednesday that the federal budget deficit experienced a significant contraction in March, attributed to a decrease in government spending and an uptick in ... Read More

IMF worried about global spillovers from loose U.S. fiscal policy

The International Monetary Fund on Wednesday turned its spotlight on the growing U.S. fiscal deficit, warning that it is now a risk to both the domestic economy and global economy. Read More

Buffett Suggests Radical Approach To End U.S. Deficit In '5 Minutes' – But It Involves Disqualifying Members Of Congress Based On The Debt

“I could end the deficit in five minutes ... futures to the nation’s fiscal health, they would have a powerful incentive to rein in spending and balance the budget. As the discussion ... Read More

How the US Budget Deficit’s Economic Implications Could Trickle Down to You

The United States ... a fiscal year, it has a deficit. When it takes in more than it spends, it has a surplus. When it spends the same amount as it takes it, the budget is balanced. The U.S ... Read More

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak ... Read More

One year on: Russia’s budget deficit already at end of year forecast level

At the end of the year Russia reported 3.6% of growth and a deficit of 1.9% of GDP, slightly better than the original forecast. Deficit 2M24 Where are we this year? The short answer is both better ... Read More