U.S. budget deficit narrows in fiscal 2025 as tariff revenue rises and education spending is reduced.
The U.S. budget deficit fell by $41 billion to $1.775 trillion in fiscal 2025, with higher tariff revenue and reduced education spending helping offset rising healthcare, retirement, and interest costs, according to the Treasury Department.
Bank of Italy lowers its 2026 growth forecast, citing U.S. tariffs and a stronger euro.
Italy’s central bank now projects 0.7% growth next year, down from 0.9% in June, citing U.S. tariffs as the main headwind.
Shutdown threatens to turn economic data blackout into a prolonged information gap
Economists are increasingly concerned about the implications if government statistical reports continue to be delayed or fail to return altogether.