US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected on Friday that the federal budget deficit would hit $1.9 trillion in fiscal ...
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US budget deficit to hit $1.9 trillion in 2025: CBO
At the same time, revenues are projected to hit $5.2 trillion this year, reaching 17.1 percent of the nation’s GDP. The figure is estimated to rise 1.1 percent by 2027 and see an overall 0.1 ...
U.S. borrowing hits $710 billion in first 3 months of fiscal year
The federal government borrowed $710 billion in the first three months of fiscal year 2025, with 10 days before President-elect Donald Trump takes office.
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 ...
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
China-Russia 2024 trade value hits record high - Chinese customs
The value of China's imports and exports with Russia reached 1.74 trillion yuan ($237 billion) in 2024, a record high, ...
Experts worry as deficit tops $2 trillion in last year
The U.S. Congressional Budget Office released new data showing that in the last calendar year, the federal deficit has risen ...