US trade deficit sinks as tariffs take a bite. See latest numbers

A new report shows a much lower U.S. trade deficit as tariffs restricted both imports and exports, but some experts say the effects may be temporary.
Committee for a Responsible Federal Budget

12-Month Rolling Deficit is $1.7 Trillion in Calendar Year 2025

The federal budget deficit totaled $1.7 trillion in Calendar Year (CY) 2025, according to estimates from the Congressional Budget Office (CBO). The deficit in CY 2025 is $369 billion less than the $2.0 trillion deficit in CY 2024.

As Maryland confronts $1.4B deficit, officials can’t say whether massive fraud is occurring

With Maryland staring down a projected $1.4 billion budget deficit, scrutiny is intensifying over how effectively the state protects taxpayer dollars from fraud and abuse.

Exclusive: Trump Tax Move Could Worsen Deficit, Says Ex-Treasury Secretary

Janet Yellen told Newsweek that exempting U.S. firms from new global taxation rules had sacrificed "significant tax revenue.”
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