Dollar Sinks Further as US Trade Deficit Swells to 4.5% of GDPTHE US TRADE deficit soared to a record $489bn last year, driving the dollar lower amid fears the currency will have to decline even further if the huge imbalance is to be narrowed.Cornwell, Rupert...
Budget deficit rose in December and is now 40% higher than it was a year ago Tue, Jan 14th 2025 Wildfires Displaced Los Angeles-area residents face spiking rents as authorities warn of price gouging Tue, Jan 14th 2025 Economy Inflation watch: Wholesale prices rose 0.2% in December, less tha...
"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
New Washington Governor Outlines Goals as State Faces Multibillion-Dollar Deficit Incoming Washington state Gov. Bob Ferguson outlined his plans to help individuals while also making government more efficient during his inaugural address as the state Legislature convened for its first week of session ...
Holders of government debt Debt forecast Budget deficit State and local government debt International comparison The most important statistics U.S. federal debt forecast FY 2023-2034 U.S. level of public debt projections FY 2000-2034 U.S. public debt and forecast as a percentage of GDP 20...
vulnerable, the big giveaway is when the costs of serving the debt exceed the cost of the defense budget". The Congressional Budget Office projects that the interest rate on US debt will surpass $1.4 trillion, about the size of today's federal deficit and almost twice today's defense ...
Absent Nafta, trade would – if all other things remain equal – be governed by World Trade Organisation rules but that “would still leave the Trump administration’s goal of reducing the US trade deficit out of reach,” the consultancy said. ...
specified annual deficit targets that, if missed, would trigger an automaticsequestrationprocess. The following year the Supreme Court ruled that the law was unconstitutional.10 On Jan. 13, 2023,Treasury Secretary Janet Yellen warnedthat the U.S. was expected to reach the $31.38 trillion borrowing...