Deficit

President Donald Trump
Economy

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says

By
August 25, 2025
Donald Trump
Economy

‘The nation’s finances have deteriorated’ since Trump took office, CRFB says, gaming out the scenarios up to a $28.5 trillion deficit

By
August 21, 2025
Budget office confirms that Trump’s tax law will add $3.4 trillion to deficits
Politics

Budget office confirms that Trump’s tax law will add $3.4 trillion to deficits

By Kevin Freking and The Associated Press
July 22, 2025
The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That's according to an annual report released Wednesday.
Economy

Social Security and Medicare are going broke—and it’s happening faster than previously thought

By Fatima Hussein and The Associated Press
June 19, 2025
Republican senators, investors and even Elon Musk have doubts that Trump can fix the national debt
Politics

Republican senators, investors and even Elon Musk have doubts that Trump can fix the national debt

By Josh Boak and The Associated Press
June 2, 2025
GOP House members and senators rip Medicaid cuts and booming deficits in tax bill as Trump says ‘The Bill is GREAT’
Politics

GOP House members and senators rip Medicaid cuts and booming deficits in tax bill as Trump says ‘The Bill is GREAT’

By Lisa Mascaro, Kevin Freking and The Associated Press
May 13, 2025
The EU can solve the tariff showdown ‘very quickly’ by spending an extra $56 billion on American products
Politics

The EU can solve the tariff showdown ‘very quickly’ by spending an extra $56 billion on American products

By
May 2, 2025
Bridgewater Associates Founder & Co-Chairman/Co-CIO Ray Dalio speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California.
Finance

Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

By Erik Wasson and Bloomberg
March 25, 2025
Trump says tariffs will bring back ‘stolen’ wealth and companies—and higher ones will work even better—as trade war fears stoke business anxiety
Politics

Trump says tariffs will bring back ‘stolen’ wealth and companies—and higher ones will work even better—as trade war fears stoke business anxiety

By Josh Boak, Paul Wiseman, Rob Gillies and The Associated Press
March 13, 2025
FILE - Rep. Lori Chavez-DeRemer, R-Ore., accompanied by Majority Whip Rep. Tom Emmer, R-Minn., left, and House Majority Leader Rep. Steve Scalise, R-La., right, speaks at a news conference on Capitol Hill in Washington, Jan. 25, 2023.
Politics

Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for Labor

By Fatima Hussein, Chris Rugaber and The Associated Press
November 23, 2024
Former Secretary of State Mike Pompeo (L) and former Secretary of Defense Leon Panetta (R) gave a joint interview on geopolitics' effect on global business at the Fortune Global Forum in New York on Monday November 11.
Conferences

Former CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat

By
November 11, 2024
Gavin Newsom
Politics

California’s massive $27.6 billion deficit pushes Gavin Newsom to suggest cutting 10,000 vacant jobs

By Adam Beam and The Associated Press
May 10, 2024
John Waldron, the president and COO of Goldman Sachs, believes the country’s lack of control over it’s debt could risk a Truss-style economic crisis, he said at Semafor’s World Economic Summit on April 18.
Finance

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

By
May 1, 2024
French President Emmanuel Macron (R) and JP Morgan CEO Jamie Dimon (L) react during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris.
Finance

U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?

By
April 26, 2024
U.S. President Joe Biden (L) sits next to Speaker of the House Kevin McCarthy (R-CA) during the National Prayer Breakfast at the U.S. Capitol on February 02, 2023 in Washington, DC.
Newsletters

How to solve the U.S.’s deficit problem

By David Meyer and Alan Murray
February 17, 2023

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