Jason Lange

Despite Trump Criticism, Fed Sees Need For More Rate Hikes

Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite President Donald Trump's view that interest rate hikes have already gone too far.

US Government Posts Widest Deficit Since 2012

The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released Monday by the Treasury Department.