* Fiscal 2025 tariff revenues rise to record $195 billion * Department of Education bears brunt of Trump's spending cuts * Outlays on Social Security, health care, interest on debt continue to climb * Treasury Department reports monthly surplus of $198 billion in September By David Lawder WASHINGTON, Oct 16 (Reuters) - The U.S. budget deficit shrank by $41 billion...

(Reuters) -The Federal Reserve is widely expected to cut the U.S. policy rate by a quarter-of-a-percentage point at its next two meetings to support the labor market, despite objections from several policymakers worried that further policy easing could worsen inflation. The Fed's newest governor, Stephen Miran, is a lone advocate for steeper rate cuts.  Here is a look at Fed...

WASHINGTON (Reuters) -The U.S. will focus on economic growth, deregulation and energy as key priorities for its G20 presidency next year, Treasury Secretary Scott Bessent told a meeting of the world's major economies on Thursday, two sources familiar with the remarks said. The upcoming U.S. presidency of the G20 has stirred curiosity and uncertainty, given U.S. President Donald Trump's moves...

03:57 PM EDT, 10/16/2025 (MT Newswires) -- The Federal Reserve should cut interest rates by 25 basis points later this month, Governor Christopher Waller said Thursday, while his colleague, Stephen Miran, pushed for a more aggressive easing stance. Macro data are giving conflicting signals, with economic activity seeing solid growth and labor marking softening, Waller said in remarks prepared for...