Taken in absolute terms at the end of each presidential term, the claim is true. However, while a U.S. president can direct policy and campaign for certain spending priorities and tax reforms, the ...

Q3 2025 U.S. Current Account: -$226.4B vs. -$235B consensus and -$249.2B prior (revised from -$251.3B), according to data released by the U.S. Bureau of Economic Analysis on Wednesday. The 9.2% ...

The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...

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.