The Latest Breaking News from Deficit

The president’s $300 billion tariff rebate plan risks replaying Bush-era giveaways—but on a scale large enough to fuel inflation and deepen the deficit.

The United States' negative net international investment position (NIIP) might be too deep for the current administration. While Donald Trump‘s protectionist measures promise a revival of domestic industry, structural imbalances in savings, investment, and global capital flows suggest tariffs cannot resolve America's persistent deficits.

Even with customs revenue quadrupling under new tariffs, record-high spending on benefits, healthcare and debt interest drove the largest monthly deficit in US history.

The U.S. government’s fiscal deficit ballooned to $291 billion in July, a nearly 20% jump from the previous year, triggering sharp criticism from prominent economic and political commentators.

The report said ‘public finances in Scotland weakening, as expenditure grew faster than revenue’.

Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget

It doesn't take a gym to build a strong body and core; you can do it using three functional exercises and your bodyweight, according to a personal trainer.

The bill would raise the child tax credit from $2,000 to $3,000 per child and broaden deductions for health insurance premiums and medical expenses.

U.S. Treasury Secretary Scott Bessent described America's reciprocal tariffs as a “melting ice cube,” suggesting they could be reduced or eliminated if the nation's trade deficit narrows.