A new report by the Congressional Budget Office reveals that the U.S. budget deficit for June was $863 billion—an almost unthinkable increase from June of 2019 when the deficit was $8 billion. The ...

In 2023 — with the economy humming along — the federal deficit is spiking to $2 trillion, according to calculations from the Committee for a Responsible Federal Budget, a watchdog group. That’s double ...

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled. Following a month where the trade deficit hit its lowest level since ...