As the economy cools less than a year ahead of President Donald Trump’s re-election bid, White House advisers are narrowing in on a tax cut proposal that could shore up support from the middle class.
Tuesday’s state elections in Kentucky and Mississippi brought mixed results for President Donald Trump and the Republican Party, with the GOP enjoying down-ballot success despite splitting the higher-profile gubernatorial races.
The federal government’s outstanding public debt has surpassed $23 trillion for the first time in history, according to data from the Treasury Department released on Friday.
The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon.
Washington is drowning in red ink again, yet the mounting fiscal problem is prompting collective yawns from the Trump Administration and Democrats alike.
The federal deficit rose to $984 billion in fiscal year 2019, the Congressional Budget Office estimated on Monday, an increase of $205 billion.
The U.S. trade deficit has grown by nearly $1 billion after the Trump administration imposed new tariffs against Chinese products, the Commerce Department said in a report Friday.
The federal government spent a record $4,155,323,000,000 in the first eleven months of fiscal 2019 (October through August), according to the Monthly Treasury Statement released Thursday.
The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday.
The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s ‘America First’ agenda, surged to a six-month high.
U.S. economic growth slowed in the second quarter, the government confirmed on Thursday, but the strongest consumer spending in 4-1/2 years amid a solid labor market threw cold water on financial market expectations of a recession.
The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May.
The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.
The House passed a massive budget and debt ceiling deal Thursday, but a majority of Republican lawmakers voted against it.
The U.S. budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising spending eclipsed a small bump in revenue from the Trump administration’s tariffs.
The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened.
For the first time in the history of the United States, the federal government has spent more than $3 trillion in the first eight months of the fiscal year, according to the Monthly Treasury Statement released today.
The Congressional Budget Office projected Thursday that the federal deficit would reach $896 billion for fiscal 2019, up $117 billion from the year before.
The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed.