In his address in a Harvard Business School alumni session at the Asia Society in New York City, Summers described the budget deficit as the devilish problem holding random on the U.S. economy. Summers warned that the total amount of debt will continue to increase at a rate faster than ...
Contrary to popular perception, the explosion in the federal deficit in recent years has had as much to do with rising federal spending as the recent tax cuts. As we discussed in depthhere, barring the Financial Crisis, federal spending is growing at the fastest pace since 1985. In lock ste...
Define federal deficit. federal deficit synonyms, federal deficit pronunciation, federal deficit translation, English dictionary definition of federal deficit. Noun 1. federal deficit - an excess of the federal government's spending over its revenue; "fe
Weakening blocking effect of the High Mountain Asia on the westerlies-carried deficit in precipitation minus evaporation from the southeast North Atlantic is demonstrated, leading to persistent northward expansion of terrestrial water storage deficit in the Tibet Plateau. Qiang Zhang Zexi Shen Gang Wang...
deficit, soared. By 1992, general contraction of the economy had produced widespread and deepening privation, and modest increases in oil revenues did not add much to the capacity of the new government to ease the growing suffering and to stem the collapse of the economy....
President Franklin D. Roosevelt holds the record for the fastest-growing U.S. fiscal deficits. The New Deal policies designed to pull America out of theGreat Depression, combined with the need to finance the country's entry into World War II, drove the federal deficit from 4.5% of GDP in...
of its dominance—from the communist bloc and anti-colonialists to contemporary adversaries like China, Russia, and other emerging powers. Meanwhile, critics argue that mounting inflation, the rising U.S. federal deficit, and government entitlements could bring down the USD's dominance from within....
The truth is, Republicans are divided between those who want to bring down the budget deficit and those who want to shrink government. Ending a special tax subsidy helps reduce the deficit but doesn’t necessarily shrink government. That’s why Norquist and his followers have insisted any such...
But as head of Berkshire Hathaway, I am in charge of investing its money in ways that make sense. And my reason for finally putting my money where my mouth has been so long is that our trade deficit has greatly worsened, to the point that our country's "net worth," so to speak, ...