Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to show a 27% cut in the annual deficit in any single year under him, ...

President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...

The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much ...

Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan Fiscal Forum (BFF), joine ...

President Donald Trump has repeatedly framed his sweeping tariffs as a kind of magic bullet for America's finances, promising they would shrink the trade gap and help wipe out Washington's red ink.

The federal budget deficit has topped $1 trillion for a fourth straight year, according to NBC News and wire services. But a modest improvement in economic growth helped narrow the gap by $207 billion ...

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much ...

The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...

The highest nationwide estimate puts U.S. fraud losses at $521 billion. Even if all of that could be recouped, it would amount to less than a third of the 2025 deficit of $1.775 trillion. See the ...