Learn how the fiscal multiplier impacts GDP, understand its formula, and see real-world examples of fiscal policies affecting ...

The twin deficits hypothesis has long been central to macroeconomic debates, positing that a government’s chronic fiscal deficit may generate or exacerbate a current account deficit. This ...

President Donald Trump has not reduced the federal deficit by 25%. The deficit for fiscal year 2025, which ended Sept. 30, was 2.3% smaller than the fiscal year 2024 deficit. Considering only the ...

Treasury Secretary Scott Bessent said the US ended the fiscal year of 2025 with a lower deficit-to-GDP ratio than the year before and sounded an optimistic note for 2026, noting that the US is on its ...