Curbing the federal government's roughly $2 trillion budget deficit could lower inflation and current interest rates for households, a CRFB report finds.

Treasury Sec. Bessent says deficit-to-GDP fell to ~5.7% in FY2026, signals fiscal consolidation and global reforms.

The US trade deficit jumped almost 5% in February to $57.3 billion, another notable reading exactly one year after Trump declared trade deficits his top priority on "Liberation Day." The new data ...

Sept 11 (Reuters) - The U.S. federal budget deficit for August shrank to $167 billion due largely to some calendar shifts in benefit payments rather than any underlying trend, leaving the ...

The May trade deficit surged to $78 billion, the second-worst figure since 1992, as exports fell 3% and imports rose 3% simultaneously. WTI crude spiking to $112 in May inflated energy import values, ...

By Giuseppe Fonte ROME, Sept 23 (Reuters) - Italy plans to confirm a commitment to bring its deficit-to-GDP ratio below the ...

Deficit reduction today could also prevent a fiscal crisis, where the national debt grows so high or so quickly that ...

WASHINGTON, Sept 3 (Reuters) - The U.S. trade deficit widened sharply in July as strong domestic demand boosted imports, positioning trade to exert another drag on economic growth in the third quarter ...

The University of Chicago reduced its budget deficit by $128 million in FY25, according to the newly released year-end financial statement, advancing the University’s plan to balance the budget by the ...