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china

U.S. merchandise trade deficit with China hit record in 2015

(CNSNews.com) – The merchandise trade deficit that the United States ran with China in 2015 hit a record high of $365,694,000,000, according to data released Friday by the U.S. Census Bureau and the Bureau of Economic Analysis. "The deficit with China increased $22.6 billion

Barack Obama

Obama proposes record $4.1 trillion election-year budget

WASHINGTON (AP) — President Barack Obama on Tuesday unveiled a record $4.1 trillion, election-year budget that finances Democratic priorities like education, health care and climate change with new taxes on crude oil, the wealthy and big banks. The progressive wish list, which comes as the nation's long-term fiscal

finances

Nation awash in debt

A couple of recent reports illustrate just how dire the United States federal government's debt situation really is. The federal government took in a record $2.9 trillion in tax revenues for the first 11 months of the fiscal year (through the end of August), up about 7.