US Monthly Trade Deficit Surges to Near-Record High
The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply.
Bill that Biden says pays for itself actually adds $3 trillion to deficit, CBO warns
President Joe Biden’s sweeping spending bill, the Build Back Better Act, would add $3 trillion to deficits over 10 years if made permanent, according to a new Congressional Budget Office cost analysis.
$565,135,000,000: Federal Tax Collections Set Record Through November
The federal government collected a record $565,135,000,000 in total taxes through the first two months of fiscal 2022 (October and November), according to the Monthly Treasury Statement.
CBO says Democrat social spending bill to grow deficit by $367 billion, undercutting Biden claim
The Congressional Budget Office estimated on Thursday that President Biden’s Build Back Better Act will increase the nation’s deficit by $367 billion.
Trade Deficit Hits Record High, Billions Larger With China, Mexico
The U.S. trade deficit increased in September to $80.9 billion according to Commerce Department data, setting a new record as American exports declined and supply chain issues continued to plague U.S. ports.
Federal deficit totaled $2.77 trillion in fiscal year 2021, second highest after 2020
The federal budget deficit for fiscal year 2021 topped $2.77 trillion, the Biden administration announced on Friday.
Featured
