The U.S. government ran a slightly smaller budget shortfall in the most recent year thanks to higher tariff revenue — but the national debt still rose to another record high, and shows no sign of slowing. ...

Canada's budget deficit is projected to widen and surpass 2% of the economy for the current and coming fiscal years due to weak growth and spending measures planned by Prime Minister Mark Carney to rewire the economy, according to the country's fiscal watchdog. ...