The United States Bureau of Fiscal Service said in its Monthly Treasury Statement on Monday that the country's budget deficit was equal to $258.4 billion in April.Total monthly receipts in the United States amounted to $850 billion, with $537 billion coming from individual income taxes and $184...
Federal Reserve Governor Adriana Kugler insisted on Monday that changes in trade policy implemented by the US President Donald Trump's administration are expected to raise prices and slow down economic activity. "Given these expected price increases, real incomes will fall, and...
United States President Donald Trump said on Monday that his government will launch investigations into foreign nations that "extort drug companies by blocking their products unless they accept very low-dollar amounts for their products, unfairly shifting costs onto American patients." He warned those...
United States Treasury Secretary Scott Bessent stated on Monday that Washington's and Beijing's representatives will probably continue negotiations in the following weeks. His remark comes after the US decided to cut duties on Chinese goods from 145% to 30% for 90 days, while China aims to lower...
United States Treasury Secretary Scott Bessent confirmed on Monday that the Trump administration has agreed on a 90-day pause on some tariffs with China, stating that both sides "substantially moved down the tariff levels." He stressed that both Washington and Beijing want to continue trading and...
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