Tariff revenue soars more than 300% as U.S. awaits Supreme Court decision
The U.S. government in January ran up a smaller deficit than a year ago, while tariffs collections surged.
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Here are the five key takeaways from the January jobs report
The January nonfarm payrolls report beat Wall Street expectations in both job creation and the unemployment rate.
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US January Budget Falls 26% to $95B on Revenue Gains
The U.S. government posted a $95 billion budget deficit in January, down $34 billion or 26% from a year earlier as revenue gains including customs duties outpaced growth in outlays, the Treasury Department said Wednesday.
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Mamdani Seeks 2 Percent Tax Hike on Wealthy in NYC
New York City Mayor Zohran Mamdani urged state lawmakers to approve a 2% income tax hike on high earners, arguing it is the "most direct route" to closing the city's multibillion-dollar budget gap.
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Spending Divide Between Rich & Budget Shoppers Grows
America's consumer economy is pulling in opposite directions, a gulf increasingly apparent in C-suite commentary, with premium brands profiting from well-off customers while value-focused firms battle restraint from cash-strapped households.
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CBO Forecasts Higher Deficits Under Trump
The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies might be worsening the country's fiscal picture amid low economic growth.
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