The US budget deficit ballooned to a record high in the month of May, hitting $738. 6 billion.
According to Business Insider, federal spending continued to outpace income despite a solid economy.
Reuters reports research suggests U.S. tariffs on Chinese imports will cost the typical American household $831 annually. The Federal Reserve Bank of New York published research Thursday that estimated..
The US is expected to enact its proposed tariffs on $300 billion in Chinese imports in at least a month. In May, Washington has hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%...
WASHINGTON (AP) — The federal government's budget deficit in May rose to a record $207.8 billion, 41.5% higher than a year ago. Most of that increase reflected... SeattlePI.com Also reported by •Business Insider •Seattle Times •Newsmax