News

China Ran Record Budget Deficit With Spending Blitz Amid Tariffs
China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the ...
GOP bill could add trillions to the U.S. deficit, some experts say. Here's what to know.
Republican tax bill could cost $3.8 trillion over 10 years as its tax cuts surpass spending reductions, according to one ...
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, ...
US stocks end up, with S&P 500 eking out 6th straight win. US credit cut isn't surprising
U.S. stocks closed higher after an unsurprising US credit rating downgrade. Treasury yields rise. S&P 500 extends winning ...
Here are the Sacramento police cuts the city is considering amid $44 million budget hole
The City of Sacramento is considering making cuts to vacant police department positions to help make up for its $44 million ...
Why the US debt problem is getting too big to ignore
The US just lost its final AAA credit rating as debt nears $37 trillion. Yields are rising, deficits widening, and markets ...
Treasury Secretary Bessent dismisses Moody's US credit downgrade as 'lagging indicator'
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal ...
US stocks shake off Moody's US credit rating cut to turn mostly higher. Treasury yields up
U.S. stocks open lower after Moody's stripped the U.S. of its top credit rating. Treasury yields jump as investors demand ...