Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one analysis.

The Committee for a Responsible Federal Budget, a nonpartisan independent public policy organization, projects that a cumulative $3.27 trillion will be added to the deficit from 2025 through 2034 based on a preliminary analysis of the House reconciliation bill.

The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and record collections of import duties,

Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.

The US just lost its final AAA credit rating as debt nears $37 trillion. Yields are rising, deficits widening, and markets are starting to notice. Here's what the shift means for investors and policy.

The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties,

China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the economy during an escalation in its trade conflict with the US.The broad deficit reached 2.

Gold prices edged higher on Monday, finding support from escalating concerns over the US economic outlook and its burgeoning budget deficit, which bolstered the appeal of traditional haven assets.