A new report shows a much lower U.S. trade deficit as tariffs restricted both imports and exports, but some experts say the effects may be temporary.

After two straight quarters of strong growth, US economic output is on track to downshift in the upcoming report on 2025’s fourth quarter.

An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter, according to Commerce Department data released Tuesday.

After a polarizing first year, here's what the polls say about where Americans stand now on President Trump's second term.

Dec 29 (Reuters) - A see-saw year for the U.S. economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve.

President Donald Trump never misses an opportunity to criticize his predecessor about the economy, alleging former President Joe Biden caused an inflation crisis. But some of Trump’s economic proposals are starting to sound a lot like Biden’s.

President Donald Trump rode a wave of voter frustration about the economy to a second term in the White House, promising lower prices and a “golden age” for the nation.

A range of changes in individual tax rates and breaks could boost household war chests in early 2026 through a combination of larger refunds during the filing season and larger take-home income as paycheck withholding levels are reset to account for the changes.