The IMF’s “message” is that the widening of the U.S. deficit and the Chinese surplus over the course of 2024 was unwelcome—it took both countries away from their estimated current account balances (in ...

The current account measures how much a country earns and spends with the rest of the world. When earnings from exports, services, and remittances exceed spending on imports and payments abroad, it ...

In recent speeches and media scrums, President Donald Trump has lauded the federal budget surplus for the month of June, claiming the surplus had not happened in “many, many years” or “decades.” To be ...

Minnesota’s projected budget surplus has grown to nearly $2.5 billion in the current two-year budget cycle, though a projected shortfall of almost $3 billion is expected in the following two years.

Every now and again, a major international institution misfires in its analysis. The IMF just did so in its 2024 external sector report. The basic theme of the report is that global trade and payments ...

The U.S. government recorded a surplus in June, bolstered by increased tariff collections, the Treasury Department has reported. The surplus amounted to a little more than $27 billion, a stark ...