The Latest Breaking News from Deficit

"If the Republican budget passes, the deficit gets worse, not better," says Rep. Thomas Massie. He's right.

Raising taxes could help reduce deficit, but Trump’s tax cut pledge will make Musk’s aim to slash $1 trillion difficult.

It’s hard to keep up with all the tariff announcements coming out of Washington. On February 1, the US president, Donald Trump, announced the introduction of 25% tariffs on most imported goods from Canada and Mexico, and an additional 10% levy on goods from China. The tariffs against Canada and…

Japan has recorded a trade deficit of 2.76 trillion yen, or $18 billion, in January, as worries continue to grow about impending tariffs from the administration of U.S. President Donald Trump

United States President Donald Trump has temporarily put his trade war against Canada and Mexico on hold after vowing to slap 25 per cent tariffs on most Canadian and Mexican imports, although he’s imposed tariffs on all steel and aluminum, including from Canada.

The US-EU trade war is gathering pace. Following the imposition of 25% US import tariffs on steel and aluminium from March 12, President Trump has announced further plans to introduce “reciprocal” tariffs on all countries on or after April 1. This means that the US would match other countries’ import…

South East Melbourne erased a 20-point deficit against Adelaide to book their spot in the NBL Playoffs with an 85-75 win at John Cain Arena.

A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union.

Austerity is an unusual economic concept. While it is one of the economic terms that attracts the most interest from the public, it remains controversial in policy debates. Advocates argue that reducing government deficits through spending cuts and tax increases restores confidence and stabilises economies. Critics, however, warn that these…