The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said ...

The US budget deficit surpassed $1 trillion in just five months, with February's deficit reaching $307 billion. Government ...

Government spending eased slightly on a monthly basis though it still far outpaced revenues, according to a Treasury ...

James Carter is a Principal with Navigators Global. He previously headed President Donald Trump’s tax team during the 2016-17 ...

The economic pivot, which has focused on aggressive tariffs and significant cuts to government spending, has sent US equities ...

President Donald Trump says he believes tariffs are a panacea: a catch-all economic tool that can restore America’s ...

Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has ...

President Donald Trump said he's considering issuing checks to Americans out of savings created by Elon Musk, DOGE. Could you ...

FOR all the sweet talk and the blowing smoke up each other’s ar**s, there’s a Trump train speeding down the tracks towards ­Ireland. Micheal Martin’s trip to see Trump for the annual Paddy’s Day ...

America's trade deficit is driven by overspending and a lack of domestic investment—not unfair trade practices, according to Quantum Strategy's David Roche.

So the US has a big trade deficit in goods – which are physical products – with Ireland, and also with the EU overall. Trump argues that this is due to unfair trade practices by the EU.