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  • US Records Third-Highest Budget Deficit in History

    FILE PHOTO: The U.S. Capitol building is lit at dusk ahead of planned votes on tax reform in Washington, U.S., December 18, 2017.   REUTERS/Joshua Roberts/File Photo

    The federal budget deficit for fiscal 2026 totaled nearly $2 trillion, the Treasury Department reported Friday. The fiscal year runs from October...

  • Deficit Rose to $2 Trillion for 2026 Fiscal Year: CBO

    The U.S. Capitol dome is seen in Washington

    The federal budget deficit came to $2.0 trillion in the 2026 fiscal year, the Congressional Budget Office estimated Thursday. The CBO’s final...

  • 1% Higher Interest Rates Add Trillions to National Debt, CBO Says

    CBO on debt and rates

    U.S. Treasury yields continue to climb as investors factor in the likelihood that surging energy prices will further fuel inflation, as well as...

  • Corporate Tax Payments Plunge 25% Even as Profits Boom

    Uncle Sam Taxing article

    Corporate profits may be soaring to new highs, but corporate tax payments are plunging thanks in large part to the breaks Republicans included in...

  • 10-Year Yield Top 5% in Trading

    The yield on the 10-year Treasury note topped 5% in trading on Monday, briefly reaching 5.01%, the highest level since October 2023. The rate eased...

  • Trump’s Wild Promise of $5,000 Payouts Would Be Wildly Expensive

    Trump at the GOP convention (Reuters)

    President Trump’s surprise pledge Wednesday night to pay a $5,000 “dividend” to every American adult if and only if Republicans maintain control of...

  • Investors Brush Off Bessent’s Surge in Buybacks

    Treasury Secretary Scott Bessent (Sipa USA)

    The U.S. Treasury Department said Wednesday that it plans to buy $6 billion of government debt this week as part of an effort to reduce long-term...

  • Government Bonds Under Pressure

    The yield on the 10-year U.S. Treasury note rose more than 3 basis points Tuesday to 4.79%. Driven higher by concerns over the latest flare-up in the...

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