News

China Ran Record Budget Deficit With Spending Blitz Amid Tariffs
China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the ...
GOP bill could add trillions to the U.S. deficit, some experts say. Here's what to know.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...
US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, ...
Treasury Secretary Bessent dismisses Moody's US credit downgrade as 'lagging indicator'
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal ...
IMF urges US to curb deficit as Trump tax cut plan stirs debt fears
Although the IMF said last month it expected the US fiscal deficit to fall this year as long as tariff revenues grew, those projections did not account for Trump’s tax bill, which is winding its way ...
US budget surplus rises 23% to $258 billion in April, customs revenue surges
The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax ...
As the US Credit Rating Falls, Bankruptcy Fears Grow
Moody's stripped the US of its top credit rating, reinforcing Wall Street's concerns over a ballooning budget deficit. The ...
The $3,200 question: Moody’s sounds alarm on US debt; gold listens – what’s next for the metal?
Gold prices edged higher on Monday, finding support from escalating concerns over the US economic outlook and its burgeoning ...