Good news! The federal budget deficit shrank in November. Bad news! Uncle Sam still ran a significant budget shortfall despite a massive surge in tariff revenue.

Americans saw their cost of living spike while the Biden administration indulged in profligate spending and ran up massive budget deficits, but that’s finally starting to change. The latest data from ...

— The former chief economist of the International Monetary Fund, Olivier Blanchard, argued in a speech that for countries like the United States, high public debt isn’t necessarily a problem. To ...

President Obama is making a renewed call to limit the value of charitable tax breaks taken by wealthy people, saying that such changes are needed to help close the nation’s mounting federal deficit.