The U.S. budget deficit narrowed to $2.2 trillion during the first nine months of the fiscal year from the same period a year earlier, with the gap between spending and revenue shrinking as the recovery from the pandemic-induced slump boosted tax collections.
Former Bush White House Press Secretary and Fox News contributor Ari Fleischer hit the press for their apparent disinterest in President Biden’s $6 trillion spending proposal. “Not only do they not care, but many reporters are telling people don’t worry about the
WASHINGTON—The U.S. trade deficit widened in May, as American consumers and businesses stepped up purchases of imported products and materials amid a continued economic recovery. The foreign-trade gap in goods and services expanded 3.1% from the prior month to a seasonally adjusted
The U.S. budget deficit grew to a record $2.1 trillion during the first eight months of the fiscal year as spending continued to outpace tax receipts that are rising as the economy recovers from the damage inflicted by the Covid-19 pandemic. Federal
A container ship pulling into the Port of Oakland, Calif., in May. Photo: Justin Sullivan/Getty Images WASHINGTON—The U.S. trade deficit narrowed in April after setting a record level in March as challenges with global supply chains contributed to a slowdown in imports