The annual U.S. deficit with Mexico would be the United States’ largest for the first time were it not for the surge of U.S.

The federal government's budget deficit has grown by more than $300 billion in the first five months of fiscal year 2025, according to the latest data. The Treasury Department's latest monthly ...

Forbes contributors publish independent expert analyses and insights. James Broughel is an economist focused on the economics of regulation. A debate over US trade deficits has been raging online, ...

The nonpartisan Congressional Budget Office (CBO) on Tuesday released an update to its 10-year budget outlook that found the federal budget deficit will approach $2 trillion in the current fiscal year ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

A deficit is a financial imbalance that happens when debt, expenses or liabilities are greater than revenue, income or assets. The term can also refer to a trade imbalance in which a country imports ...

President Donald Trump has made reducing U.S. trade deficits, which have expanded significantly in recent decades, a priority of his administration. He and his advisors argue that renegotiating trade ...

During President Biden’s first two years in office, the federal deficit shrank by $1.7 trillion dollars. It's a point he has bragged about repeatedly in recent months, and attributed to his policies ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...