as a share of the economy is relatively low compared to its historical average, Swagel said. For the current fiscal year, the deficit will rise to $1.9 trillion, or 6.2% of GDP, as the federal ...

The budget deficit continues to balloon, with the Q1 2025 budget shortfall running 39.4 percent higher than the same period in fiscal 2024.

The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial ...

as a share of the economy is relatively low compared to its historical average, Swagel said. For the current fiscal year, the ...