News

Trump budget bill would increase deficit by $2.4 trillion with 10.9 million more uninsured by 2034, CBO says
Republicans' sweeping policy bill would increase the deficit by $2.4 trillion over the next decade, the nonpartisan ...
Treasury's Bessent says US is 'never going to default' as debt limit deadline looms
Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt ...
US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion
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 ...
Trump's budget director issues dire economic warning if Senate fails to pass 'big, beautiful bill'
As the Senate considers President Donald Trump's One Big Beautiful Bill Act, OMB Director Vought predicts a economic downturn ...
US budget surplus gets tax returns, import duties boost
The US Treasury Department reported that net customs duties in April totalled $US16 billion, about a $US9 billion increase from the year-earlier period.
US Mint places final order to kill penny production as part of Trump’s order to ‘rip the waste’ out of budget
The US Mint has placed its final order of penny blanks and will stop producing the coin when those run out by early next year ...