The Latest Breaking News from Deficit

After accounting for the dynamic effects of the Trump-backed tax bill, the CBO concludes it will add $2.8 trillion to the deficit over 10 years.

Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump

Public accounts committee calls on government to urgently address deficit on high needs spending hitting at end of financial year

A Republican lawmaker went against his party, stating that he will not vote for the "one big, beautiful bill" due to the deficits it will create if passed.

Spaun produced a remarkable turnaround in the final round to recover from a four-shot deficit at the halfway point

The Thunder stormed back from a 10-point second-half deficit to beat the Pacers 111–104 on Friday night, evening the NBA finals at two games apiece

Local authorities say a £5bn shortfall in special needs funding could leave dozens effectively insolvent within months

The Oilers erased a 3–0 deficit to stage a historic comeback in Game 4 of Stanley Cup Final.

President Donald Trump’s “One Big Beautiful Bill” would likely add trillions to the country’s deficit and drive up interest rates.

The dollar index (DXY00 ) Wednesday fell by -0.43%. The dollar erased an overnight rally and turned lower after Wednesday’s Fed-friendly US May CPI report bolstered expectations for the Fed to cut interest rates later this year. Also, the wider-than-expected US May federal budget deficit was bearish for the dollar...

Democrats questioned Treasury Secretary Scott Bessent over the effect of Republicans’ “big, beautiful” reconciliation bill on the debt.