Donald Trump's claim that he cut the federal budget deficit by 27% in one year is false, as there are no credible sources to show a 27% cut in the annual deficit in any single year under him, ...

The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much ...

President Donald Trump’s first year of his second, nonconsecutive term brought all sorts of changes. His administration shuttered the United States Agency for International Development, had the ...

Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan Fiscal Forum (BFF), joine ...

President Donald Trump has repeatedly framed his sweeping tariffs as a kind of magic bullet for America's finances, promising they would shrink the trade gap and help wipe out Washington's red ink.

The federal budget deficit has topped $1 trillion for a fourth straight year, according to NBC News and wire services. But a modest improvement in economic growth helped narrow the gap by $207 billion ...

The House GOP's largest caucus released a plan for a second "big, beautiful bill" on Tuesday morning, which the group says could cut the federal deficit by over $1 trillion. Republican Study Committee ...

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much ...