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US budget deficit reaches USD 1.3 Trillion

The building of the US Treasury Department in Washington DC The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal...

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Bailout of General Motors cost taxpayers $10.5 billion

The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted...

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US imposes sanctions on Iran for ballistic missile program

The US Department of the Treasury on Sunday imposed new sanctions on Iran. The US Department of the Treasury says it has imposed new sanctions on Iran for its ballistic missile program. The Treasury...

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