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 ...

Big isn’t beautiful when it comes to government debt, but tariffs and the Department of Government Efficiency help to plug the hole left by President Trump’s latest fiscal bill. The net effect will be ...

The US kicked off the 2026 fiscal year with a $284 billion budget deficit last month, underscoring the Trump administration’s challenge in attempting to dramatically shrink federal borrowing needs in ...