The Congressional Budget Office estimates that the U.S. government’s budget deficit for fiscal year 2025 totaled $1.8 trillion, just $8 billion less than the shortfall for the prior year. If not for ...

WASHINGTON, Nov 20 (Reuters) - President Donald Trump's tariff increases on imports from foreign countries will reduce U.S. deficits by $3 trillion if they are maintained through 2035, the ...

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging ...

WASHINGTON, Oct 16 (Reuters) - The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year as an increase in revenue from President Donald Trump's tariffs and cuts to ...

Many of the president’s tariffs rest on the legal claim that the gap between what America imports and exports is a national emergency, an idea that remains contentious. By Ana Swanson Ana Swanson ...

The U.S. federal budget deficit hit $1.8 trillion in the fiscal year ending on Sept. 30, the Congressional Budget Office (CBO) reported Wednesday. Moreover, President Donald Trump’s sweeping tariffs ...