News

US budget surplus surges to $258 billion in April, year-to-date deficit tops $1 trillion
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, ...
Not-so-happy deficit day, everyone
DRIVING THE DAY — Gov. Gavin Newsom will propose capping undocumented Californians’ enrollment in Medi-Cal as the programs’ ...
Tariff Revenue is Surging, But Not Enough To Plug Federal Deficit
The U.S. collected a record $16.3 billion in customs revenue in April, although the "Liberation Day" import tax revenue surge ...
Global cobalt market seen swinging to deficit from surplus in early 2030s
Demand for cobalt will rise faster than supply, allowing the market to reduce the 2024 surplus in coming years and swing to a ...
The New Civil Rights Movement2d
What Is a Trade Deficit? Trump’s Main Excuse for Tariffs Isn’t an Actual Problem
Much of Trump's rhetoric about tariffs is based around the idea that the US is in a trade deficit—but a deficit isn't always ...
The Press Democrat4h
Trump tariffs and rising health care costs knock California budget back into deficit
As Gov. Gavin Newsom prepares to unveil his revised budget proposal, California is experiencing unexpectedly shaky economic ...
Republican tax bill would add $3.7 trillion to the national deficit: JCT
The tax portion of Republicans’ wide-ranging bill full of President Trump’s domestic priorities would cost $3.7 trillion over ...
How can the Capitals come back from a 3-1 deficit vs. Hurricanes? Start here
The Capitals are staring down elimination in Game 5. Here's what would help them start to dig out from the 3-1 hole.