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Reuters Reuters
US July deficit tops $432 billion as outlays grow, tariff receipts stay negative

US July deficit tops $432 billion as outlays grow, tariff receipts stay negative

Aug 12 (Reuters) - The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, as higher outlays and more negative tariff revenues also brought the 2026 fiscal-year-to date budget gap to $1.799 trillion, topping the full fiscal 2025 deficit with two months left in the
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U.S. Budget Deficit Reaches Five-Year High Amid Economic and Geopolitical Challenges

U.S. Budget Deficit Reaches Five-Year High Amid Economic and Geopolitical Challenges

The U.S. budget deficit has surged to its highest monthly level in over five years, with a July shortfall of $432.3 billion. This increase raises concerns about the country's fiscal health, exacerbated by rising interest on federal debt. Despite these challenges, market reactions have been tempered, with traders not anticipating any rate cuts from the Federal Reserve in the near future. Meanwhile, Norway's sovereign wealth fund reported a record profit, driven by investments in Asian technology stocks. In the Middle East, ongoing conflicts have heightened concerns over energy supply disruptions, although diplomatic efforts continue.
Detroit Free Press Detroit Free Press
Social Security payments likely to be higher in 2027. But how much?

Social Security payments likely to be higher in 2027. But how much?

We will need two more months of inflation data — August and September — before any precise figure will be released.
Reuters Reuters
Fitch keeps United States at 'AA+', cites economic resilience amid fiscal risks

Fitch keeps United States at 'AA+', cites economic resilience amid fiscal risks

Aug 13 (Reuters) - Fitch on Thursday affirmed the sovereign credit rating for the United States at "AA+" with a stable outlook, citing its large economy, high per-capita income and the U.S. dollar's status as the world's leading reserve currency.
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Rising Delinquencies in U.S. Household Debt Highlight Economic Disparities

Rising Delinquencies in U.S. Household Debt Highlight Economic Disparities

Rising Delinquencies in U.S. Household Debt Highlight Economic Disparities
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Rep. Brandon Gill Blames Mass Migration for Economic Challenges

Rep. Brandon Gill Blames Mass Migration for Economic Challenges

Rep. Brandon Gill, a Republican from Texas, has attributed high prices and low wages in the U.S. to mass migration and left-wing ideologies. Speaking on Fox News, Gill argued that mass migration affects every aspect of American life, from suppressing wages to increasing rent prices. He claims that the influx of immigrants, both legal and illegal, has strained social institutions and contributed to economic challenges faced by Americans. Gill's comments reflect a broader Republican narrative that links economic difficulties to immigration policies and critiques of left-wing approaches.
Reuters Reuters
Fed's Barkin: Still an "open question" if rate hike will be needed to meet inflation target

Fed's Barkin: Still an "open question" if rate hike will be needed to meet inflation target

By Howard Schneider GREENVILLE, South Carolina, Aug 13 (Reuters) - It is still not clear the U.S.
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CBO Reports $200 Billion Tariff Shortfall, Swelling U.S. Budget Deficit to $2.1 Trillion

CBO Reports $200 Billion Tariff Shortfall, Swelling U.S. Budget Deficit to $2.1 Trillion

CBO Reports $200 Billion Tariff Shortfall, Swelling U.S. Budget Deficit to $2.1 Trillion
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Congressional Budget Office Projects Federal Deficit to Surpass $2 Trillion in FY2026 Due to Rising Costs

Congressional Budget Office Projects Federal Deficit to Surpass $2 Trillion in FY2026 Due to Rising Costs

The Congressional Budget Office (CBO) has projected that the federal budget deficit will exceed $2 trillion in fiscal year 2026. This increase is attributed to rising costs in servicing the national debt and increased spending on major entitlement programs such as Social Security, Medicare, and Medicaid. The CBO's monthly budget update for July revealed a nearly $1.8 trillion deficit for the first 10 months of the fiscal year, marking a $169 billion increase from the same period in the previous year. Federal spending has risen by $308 billion, outpacing a $139 billion increase in tax receipts. The deficit is expected to reach $2.1 trillion by the end of the fiscal year, driven by higher interest rates and a larger national debt, alongside increased enrollment and payment rates in Medicare and Medicaid.
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U.S. Treasury's $3 Billion Daily Interest Payments Highlight Debt Concerns

U.S. Treasury's $3 Billion Daily Interest Payments Highlight Debt Concerns

U.S. Treasury's $3 Billion Daily Interest Payments Highlight Debt Concerns
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Wall Street Monitors U.S. Treasury's Efforts to Control Bond Yields

Wall Street Monitors U.S. Treasury's Efforts to Control Bond Yields

Wall Street Monitors U.S. Treasury's Efforts to Control Bond Yields
Reuters Reuters
US budget deficit widens in July on higher outlays, negative tariff receipts

US budget deficit widens in July on higher outlays, negative tariff receipts

By David Lawder Aug 12 (Reuters) - The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, as higher outlays and more negative tariff revenues also brought the 2026 fiscal-year-to-date budget gap to $1.799 trillion, topping the full fiscal 2025 deficit with two