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

Learn how fiscal policies like government spending and tax changes impact budget deficits. Understand their influence on economic stability and growth.

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 ...