The Congressional Budget Office said it expected the budget deficit to swell to $804bn this year, some $242bn more than it projected last summer. The gap between spending and receipts would expand to just over $1tn by 2020, also over $200bn higher than previously predicted, with the defic...
The Congressional Budget Office (CBO) is a bipartisan federal agency that analyzes the economy for the U.S. Congress. It also assists the House and Senate Budget Committees. It reviews the president's annual budget. It also reports on the deficit impact of every important piece of legislation...
very little has been given to the likely trade deficit in this new fiscal year. This is a bad omission, because the evidence is that a budget deficit, before adjusting for variations in savings drives the trade deficit. This is known as the twin deficit hypothesis. ...
The federal budget deficit hit an unprecedented $3 trillion in August, with another month to go before the end of the fiscal year, according to estimates from the Congressional Budget Office (CBO). That figure amounts to $1.9 trillion more than the same
Desmond Lachman, a senior fellow at the American Enterprise Institute and a former official at the International Monetary Fund, told Xinhua earlier that "there can be no question that the US budget deficit is on an unsustainable path."
The Congressional Budget Office (CBO) is a bipartisan federal agency that analyzes the economy for the U.S. Congress. It also assists the House and Senate Budget Committees. It reviews the president's annual budget. It also reports on the deficit impact of every important piece of legislation...
The team is hoping to get the stadium issue before the Legislature, but that could be a difficult battle considering the state's $4.8 billion budget deficit. Although the exact financial figures have yet to be set, estimates to date have been that a Vikings stadium would cost about $954 ...
The Congressional Budget Office (CBO) is a bipartisan federal agency that analyzes the economy for the U.S. Congress. It also assists the House and Senate Budget Committees. It reviews the president's annual budget. It also reports on the deficit impact of every important piece of legislation...
the rich and high earners, raising corporate taxes, and raising stock repurchase taxes. Biden has also shown a willingness to compromise on spending issues: the Congressional Budget Office said the agreement reached last year to avoid breaking through the debt ceiling would reduce the deficit by ...
Since 1990, Social Security has remained "off-budget" and shouldn't really be used in the official surplus/deficit numbers. It is still used, however. The reason? It makes the deficit numbers look better than they actually are. -