The December budget deficit came in at $144.75 billion, a record for the month and 68 percent higher than last year.

One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs not only will energize the U.S. industrial sector but also help the government’s ...

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 ...

The U.S. government recorded a $1.8 trillion budget deficit for fiscal 2025, just $8 billion smaller than the previous year, the Congressional Budget Office said. Revenue rose 6% while spending ...

As President Donald Trump faced questions about the economic impact of his trade policy, a White House social media post framed tariffs as essential for tackling federal deficits. A Nov. 12 X Post ...

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