Scott Bessent tells Senate Finance Committee confirmation hearing Donald Trump’s tariff policy is useful tool for leverage in ...

The US announced unprecedented sanctions on Russia's energy industry on Friday in its latest effort to squeeze the revenue that the Kremlin needs to bankroll its war machine in Ukraine. The sweeping ...

US President Donald Trump has pulled the United States out of the Paris Agreement and the World Health Organization (WHO) - decisions analysts said were likely to deal a heavy blow to global ...

We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider ...

Larry Taylor, Lynchburg's new mayor, has chosen who will sit on the finance and physical development committees for the new City Council, although Ward IV Councilman Chris Faraldi declined his ...

Several new Defence Department officials have disputed contention that supporting Ukraine's defence could deter Beijing's ...

As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...

The U.S. sovereign debt profile remains on an unsustainable path with deficits likely to widen more than what has been ...

The US federal government reported a $87.0B deficit in December, higher than expected, as revenue decreased and spending remained high.

Even if those tax breaks are allowed to lapse at year’s end, the federal ... budget deficit to 3% of GDP by 2028. What’s more, in coming months, Congress must address the debt ceiling, which ...

The U.S. federal government spent $87.0B more than it earned in December, compared with the -$80.0B shortfall expected and November's -$367.0B deficit, according to the Treasury Department's ...