WASHINGTON, May 9 (Xinhua) -- U.S. federal budget deficit totaled 360 billion dollars in the first seven months of fiscal year 2022 (from October 2021 through April 2022), according to Congressional Budget Office (CBO) estimates released Monday. That amount is about one-fifth of the 1.9 t...
The federal government ran a $510 billionbudget deficitin the first quarter of fiscal year 2024 – an increase of $89 billion from the same period a year ago, according to data from the Treasury Department and the nonpartisan Congressional Budget Office (CBO). The CBO noted that the d...
Congressional Budget Office (CBO) regarding the 2.7% federal deficit of the country's gross domestic product (GDP) in 2015. Topics include the decline in the nation's federal deficit in 2016, the provisions of the Affordable Health Care Act or the Obamacare, and the reduction in funding ...
From Longman Business Dictionaryˈfederal ˌdeficittheamountby which USgovernmentspendingisgreaterthan the money itreceivesfrom taxes in a particular yearThe federal government is receiving record tax revenues, and the federal deficit is now running 14% smaller than last year.→deficit ...
Congressional Budget Office (CBO) regarding the 2.7% federal deficit of the country's gross domestic product (GDP) in 2015. Topics include the decline in the nation's federal deficit in 2016, the provisions of the Affordable Health Care Act or the Obamacare, and the reduction in funding ...
WASHINGTON, June 12 (Xinhua) -- The U.S. federal deficit surged to 208 billion U.S. dollars in May, up 42 percent compared to the same period last year, the Treasury Department's Wednesday data showed. By the end of May, the cumulative deficit in the fiscal year 2019, which started...
According to data from the Treasury Department, total government spending in fiscal 2020 reached $6.1 trillion by Aug. 31. The 2020 budget deficit now stands at $3 trillion through August—also a first, meaning the government has spent $3 trillion more than it has taken in t...
[translate] athe Federal deficit is set to be reduced by a further 1.5% of GDP in FY14 and by another 0.8% in FY15. 联邦逆差被向按另一 0.8%,通过 FY15 通过 FY14 被国内生产总值的另外 1.5% 减少。[translate]
federal government deficits. The analysis has the advantage of accounting for the endogeneity of the deficit. In the baseline run, which assumes no large tax increases or spending cuts and no bad dollar and stock market shocks, the debt/GDP ratio rises substantially through 2020. The estimates ...
aEven as the federal budget deficit is shrinking, dozens of state and local governments are grappling with shrunken revenues and rising costs—especially those municipalities that badly underfunded their pension plans in boom times. For Americans living and working in the nation's hardest-hit local ...