The Latest Breaking News from Deficit

“At this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation.”

In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.

New data from Seniorly reveals that seniors in 41 states risk outliving savings. New York tops the list with a $448K deficit. See where your state ranks.

On Friday, President Donald Trump celebrated a Congressional Budget Office report projecting that his sweeping tariffs will reduce U.S. deficits by $4 trillion over the next decade, even as analysts caution the levies could weigh on economic growth and face legal challenges.

Day three of the government’s economic reform roundtable was about budget sustainability. It’s a slow burn issue. If the Australian government spends more than it raises in revenue, it has to finance the difference (the budget deficit) by borrowing. The most recent budget has forecast deficits for at least the…

The baseline scenario shows cumulative deficits reaching $22.7 trillion by 2035, and that’s if everything goes according to plan.

The party’s annual accounts also show it may never pay former chief executive Peter Murrell back for his outstanding £60,000 loan.

Government borrowing falls to £1.1bn in July as tax receipts rise, but chancellor remains under pressure

South Carolina came back from down five runs in extra innings to defeat South Dakota in the Little League World Series.

The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.

The United States' negative net international investment position (NIIP) might be too deep for the current administration. While Donald Trump‘s protectionist measures promise a revival of domestic industry, structural imbalances in savings, investment, and global capital flows suggest tariffs cannot resolve America's persistent deficits.