US Records Third-Highest Budget Deficit in History
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 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
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
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
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
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...
IRS Audit Revenue Drops 35% Following Trump’s Staffing Cuts
The IRS saw a significant decrease in revenues generated by audits in fiscal year 2025, according to a report released last week by the Treasury...
Bessent Promises a New Fiscal Plan as His Bond Market Intervention Fizzles
The effects of Treasury Secretary Scott Bessent’s extraordinary intervention in the bond market faded quickly on Thursday. One day after Bessent...