Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
CBO sees US 2025 deficit flat at $1.9 trln before any Trump tax changes
The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...
Billionaire hedge fund investor explains why UK government faces debt ‘death spiral’
Borrowing has reached almost £18bn and the concern is more debt will be required to pay that off - and the same could happen ...
US Treasury reports record $711 billion budget deficit for first months of 2025
The $711 billion October-December deficit was $201 billion higher than the $510 billion deficit in the same period a year ...
U.S. posts record $711 bln deficit for first three months of fiscal 2025
The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into ...
Mises Institute12d
Government Spending Will Cause the Next Financial Crisis
Politicians’ lack of concern stems from the fact that taxpayers, families, and businesses will bear the brunt of the next ...
New Hampshire Union Leader1d
Hoping to head off deficit, Gov. Ayotte orders hiring freeze
Seeking to head off a state budget deficit in the current year, Gov. Kelly Ayotte ordered a freeze on non-essential hiring ...
Trump’s fixation on trade deficits retakes centre stage in U.S. economic policy
Economists think this is the result of large federal government deficits, a productive and rapidly growing economy and the U.S. dollar’s status as the world’s reserve currency ...
Executive Gov1d
CBO Projects Debt, Budget Deficit Increase Through 2035
Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.
The UK government’s £18bn borrowing costs are higher than expected - how did we get here?
The deficit was the highest for any December since 2020, when the government was forced to prop up closed businesses and spend billions of pounds on medical equipment because of the covid lockdowns ...
EPS rebuts minister, says debt burden and revenue deficit up under DMK government
CHENNAI/COIMBATORE: Joining issue with Finance Minister Thangam Thennarasu over the fiscal position and debt burden of the ...
CNN6d
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
For the current fiscal year, the deficit will rise to $1.9 trillion, or 6.2% of GDP, as the federal government continues to spend more than it collects in revenue. Trump’s Treasury Secretary ...