Deficit

The U.S. trade deficit rose an astonishing 22 percent in March to $109.8 billion as prices of oil and imported products rose due to soaring inflation, according to data released Friday by the Census Bureau and the Bureau of Economic Analysis.

The U.S. Supreme Court on Monday rejected an attempt by Democratic-led states to get a massive tax cut for the rich.

China is using its new Covid lockdowns to slow down supply lines to the United States, according to one analyst.

Know-nothing pundits and politicians have been communicating to Americans that inflation is, like the weather, a mystery they can’t control.

President Joe Biden's budget is stuffed full of frivolous spending, fantasy math, and more than a little insanity - all courtesy of your wallet.

President Joe Biden released his $5.8 trillion budget for fiscal year 2023 on Monday, including significant funding for the police, in an effort to set himself apart from progressives in his party who have advocated for defunding the police. Biden also called for more defense spending and a new minimum tax targeting the rich.

Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.

Newly uncovered federal grant documents show that the U.S. Department of Education awarded roughly $2.5 million in taxpayer dollars to a Florida-based education program that trains future teachers and other professionals in, among other things, critical race theory.

When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.

Former Treasury official Steven Rattner writes in the NYT that the president is being "disingenuous" in his approach to U.S. economic issues.