Analysts say the gap is structural, meaning even new taxes or tapping the Rainy Day Fund will not fully close the hole in ...

The U.S. government recorded a $1.8 trillion budget deficit for fiscal 2025, just $8 billion smaller than the previous year, the Congressional Budget Office said. Revenue rose 6% while spending ...

"It's hard to imagine the bar for dysfunctional government getting any lower than it is right now," said the Committee for a ...

Conservative deficit hawks in Congress are on an island as House Republicans barrel ahead this week with the “big, beautiful bill” to advance President Donald Trump’s domestic agenda that would saddle ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

A perfect storm of economic, fiscal and political trends is battering California’s already deficit-ridden state budget, leading public employee unions and other interest groups dependent on money from ...

The federal debt-to-GDP ratio in Budget 2025 is projected to be higher compared with the 2024 fall economic statement, 'and ...

July 30 (UPI) --Chile's projected fiscal deficit for 2025 has risen from to 1.8% from 1.6% of gross domestic product, according to recent statements by the economic team in President Gabriel Boric's ...

Finance Minister Nirmala Sitharaman confidently asserted that the government will achieve its fiscal deficit target of 4.4% of GDP by March 2026. She emphasized this commitment, pledging prudent ...

The interim Parliamentary Budget Officer released a report Friday that includes strong criticism of the Liberal government’s ...

India's biggest tax overhaul since 2017 is colliding with the steepest US tariffs on any nation. That's set to shape the country's GDP growth, its inflation trajectory and fiscal deficit for years to ...