The IMF urges the US to reduce its fiscal deficit and control its rising debt amid Trump’s renewed tax cut push.

Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...

The amount of outstanding treasuries has skyrocketed to nearly US$30 trillion from less than US$14 trillion at the end of ...

The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, ...

In most cases, a budget that includes a positive “fiscal impulse” — more borrowing, more spending, a wider deficit — pushes cash into the financial system. That money eventually shows up as higher ...

To attract buyers for the bonds that will finance that deficit, the federal government will have to pay higher interest rates ...

Many market watchers do not expect the spending cuts in the package to be sufficient to offset the tax cuts, lifting the ...

President Trump promised to expand tax cuts while also slashing federal spending. So far, the math in Congress looks like a ...

As House Republicans continued their efforts to advance what President Donald Trump calls his "big, beautiful bill" of tax and spending cuts, White House Press Secretary Karoline Leavitt played down ...

Former Treasury Secretary Steven Mnuchin said he’s more alarmed by the country’s growing budget deficit than its trade ...

The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax ...