New UK government cuts billions of pounds of spending to fix ‘unsustainable’ finances
Britain’s new finance minister, Rachel Reeves, told parliament on Monday her Conservative predecessor had left public spending on track to...
archiveBudget Deficit
U.S. deficit is nearly as big a Russia’s economy
The presidential election has brought the issue of federal budget deficits back into the spotlight as markets weigh the impact...
Increased spending pushes 2024 US budget deficit estimate to $1.9 trillion
WASHINGTON (Reuters) - The U.S. budget deficit will jump to $1.915 trillion for fiscal 2024, topping last year's $1.695 trillion...
The $34 trillion U.S debt is nearly as big as its own economy and there’s (still) no plan to fix it
Officials from several institutions warn a tipping point is near and it will only get worse if it snowballs into...
U.S. debt panic: Are Americans becoming more ‘European’ about money?
As U.S. citizens swiped their credit cards, took on bumper loans, and applied for mega-mortgages during the pandemic, the U.S....
