The US ran a deficit of about $2 trillion in fiscal 2026 as federal debt passed $40 trillion
The Treasury reported a shortfall 12% larger than the year before, and interest costs are taking a growing share of the economy as yields rise.
The Treasury reported a shortfall 12% larger than the year before, and interest costs are taking a growing share of the economy as yields rise.
The White House’s top economic adviser dismissed critical polls on Monday, days after consumer prices posted their largest monthly rise since April.
The Revolutionary Guards said the ships used routes Tehran considers illegal, as US crude jumped and Washington maintained that Gulf flows were recovering.
The Defence Secretary met the Israeli prime minister at an air base in southern Israel, a day after Trump endorsed Netanyahu and as talk of renewed strikes on Iran grows.
Wage growth excluding bonuses rose to 3.7% in the three months to August, and sterling gained as traders priced a rate increase next month.
Trump’s envoys are meeting Ukraine’s president and European leaders in Norway, as Rubio tries to reassure Kyiv that Washington has not turned against it.
The Reuters report lands as chip stocks recover from a nine-day slide and as Washington argues over how tightly to police AI technology bound for China.
The bank’s move brings tokenised dollar deposits onto a public blockchain just as Washington’s stablecoin rulebook nears its effective date.
Reuters reports that OpenAI is hurrying investor commitments ahead of its rival’s flotation, at a time when market jitters have pushed other AI listings back.
Wall Street executives raised safety concerns with the head of the Public Investment Fund before the in-person gathering was called off.
Businesses blamed energy prices and new tariffs for higher expected inflation, though some economists say softer consumer prices argue for a hold.
Both contractors credited rising US and allied military spending, even as defence shares have retreated and Congress argues over new Pentagon money.
A Homeland Security order removes the Chinese AI model from most government agencies; China says the ban disregards the consensus between the two countries.
Ninety-four of 100 economists in a Reuters poll expect a pause next week and a rise before year-end, while the chair keeps his own counsel.
Paris expects to spend more than 90 billion euros on debt interest next year, and the US Treasury secretary says he sees no spillover.
Brussels plans shared icebreakers, military rail and a cable linking Greenland to Europe, after Moscow’s build-up and Washington’s designs on the island.
London says the aircraft will protect Saudi cities and critical infrastructure, widening Western involvement in a war that is spreading across the Gulf.
Tehran says its enriched nuclear material stays at home, and officials say they are stretching out the stalemate to weigh on the US midterm elections.
Mark Zuckerberg’s top Washington adviser, a Republican who took the role ahead of Trump’s return, will steer the policy team through the midterms and depart in 2027.
The energy secretary says the administration is talking to every idled refinery, as the White House offers one-time payments to farmers hit by record diesel prices.
Google has resolved the failure, which hit Revolut among others, but the central bank is investigating and Parliament’s Treasury Committee wants answers.
The South Korean data-centre firm raised $150 million on the Kosdaq, then sank, as investors added protection against AI-linked debt.
The bank’s chief US equity strategist sees the S&P 500 reaching 8,300 by May 2027 and expects high-quality companies to hold up best.
Builders broke ground on 1.221 million homes at an annual pace, short of forecasts, and contract signings for existing homes fell 7.3%.