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Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.
The U.S. posted a record trade deficit in goods in 2024, spotlighting what is likely to be a constant eyesore under the second administration of President Trump, which is encouraging more domestic production.
Trade Deficit Widened in December
We expect an eventful day on Wall Street today, with plenty of earnings reports, economic prints and a new monetary policy statement from the Fed later today. Pre-market trading is cautious after a modestly strong Tuesday,
Imports boost US goods trade deficit to record high as tariffs loom
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
6h
on MSN
‘We’ve had our hands in the cookie jar for a long period of time’ — Keebeck Wealth Management’s CEO weighs in on the federal deficit
Diane Brady talks to Keebeck Wealth Management CEO Bruce Lee about the federal deficit. The big story: 70 feared dead in ...
6h
on MSN
Indiana’s athletic department reports a deficit despite bringing in a record $173.5M in revenue
Indiana athletics reported a rare deficit for the 2024 fiscal year despite bringing in a record $173.5 million in revenue: ...
6h
on MSN
Minnesota Orchestra had $3.8 million deficit last season despite record revenue
The Minnesota Orchestra, the largest nonprofit performing arts organization in the state, announced an operating loss of $3.8 ...
wglt
1h
State Sen. Dave Koehler starts 6th term with new bills to address agriculture and environment amid a budget deficit
Democratic Sen. Dave Koehler started his sixth term looking to advance legislation in agriculture and environment, but says ...
1d
Exclusive: Peru plans bond sales to finance ballooning fiscal deficit, minister says
Peru, the world's no. 2 copper exporter, plans to issue up to three sovereign bonds this year to finance its ballooning ...
3h
Utah Athletics took on budget deficit before joining Big 12, per report
The University of Utah's athletics department reported a $17 million budget deficit for the 2024 fiscal year, marking its ...
2d
Colombia Missed 2024 Fiscal Deficit Limit by $5 Billion
Colombia breached its fiscal deficit limit last year while spending cuts planned for 2025 are inadequate, according to the ...
1d
U.S. Trade Deficit Soars As Buyers Race To Beat Trump's Tariffs
Trump has promised to enact strict tariffs on major trading partners, and economists said businesses are likely trying to get ahead of any potential effects.
1d
San Francisco mayor grapples with city’s historic budget deficit
We have to get people off the street and into mental health and drug treatment," San Francisco Mayor Daniel Lurie told more ...
2d
Turkey Plans to Raise Tax on Lira Deposits to Cut Budget Deficit
Turkey is planning to increase the tax on lira deposits and money market funds in coming days, as it seeks to narrow a budget ...
12h
Ball and Reed help No. 25 UConn erase a 14-point deficit to top DePaul 72-61
Solo Ball scored 14 of his 16 points in the second half and No. 25 UConn rallied from a 14-point deficit to defeat DePaul 72-61 on Wednesday night.
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