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Deficit

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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 Nick LichtenbergAugust 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 PressJuly 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 PressJune 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 PressJune 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 PressMay 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 AFPMay 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 BloombergMarch 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 PressMarch 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 PressNovember 22, 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 Paolo ConfinoNovember 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 PressMay 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 Sunny NagpaulMay 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 Ryan HoggApril 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 MurrayFebruary 17, 2023
The Biden agenda would swell U.S. debt levels past ‘heavy borrowing’ and towards ‘basket case’ territory
Finance
The Biden agenda would swell U.S. debt levels past ‘heavy borrowing’ and towards ‘basket case’ territory
By Shawn TullyOctober 6, 2021
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