Budget deficit rose in December and is now 40% higher than it was a year ago
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024.…
Canadian stocks and dollar rise after report suggests PM Trudeau may announce resignation
Canada’s Prime Minister Justin Trudeau attends a news conference to announce that the Emergencies Act is being revoked after Canadian…
Protecting your portfolio against risks tied to Trump’s tariff plan
Money manager John Davi is positioning for challenges tied to President-elect Donald Trump’s tariff agenda. Davi said he worries the…
Interest payments on the national debt top $1 trillion as deficit swells
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. …
Republican House speaker floats deregulation and tax cuts — not tariffs — to pay for Trump proposals
Republican House Speaker Mike Johnson on Wednesday said former President Donald Trump could pay for his presidential campaign’s proposed economic…
Interest payments on the national debt top $1 trillion as deficit swells
The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its…
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal…
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in…
New IRS paperless system will help reduce deficit significantly over 10 years, Yellen says
WASHINGTON — Treasury Secretary Janet Yellen praised a new initiative by the IRS that she said will help reduce the…
