"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...
Washington claims other nations have ripped off the American economy through tariffs or non-tariff barriers. Its stated goal is to pressure trading partners to lower barriers on U.S. goods to reduce the U.S.'s overall trade deficit.However, the global community should not delude itself into b...
WASHINGTON (AP) — The U.S. budget deficit surged to a record of $1.9 trillion for the first seven months of this budget year, bloated by the billions of dollars being spent in coronavirus relief packages.
"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...
The Federal budget deficit is the amount of spending by the Federal government that is in excess of how much money the government brings in annually. While the Federal budget deficit has steadily decreased overall during the past fifteen years, our Federal debt continues to grow at a drastic ra...
The United States is addicted to debt. With its federal deficit persistently above $1 trillion a year, US debt is growing by leaps and bounds, nearing $32 trillion. Ten years ago, when former US president Barack Obama fought with Republicans to raise the debt ceiling, the debt stood at $...
suggests that in developed countries, the proportion of manufacturing goods in household spending decreases while the services sector's share increases. Moreover, the growth rate of labor productivity in manufacturing exceeds that in the services sector. Therefore, even without any trade deficit, the ...
Protectionist US trade policy in recent years has produced a bigger trade deficit and job losses, weakened the country's productivity and has diminished its diplomatic leadership, trade experts say. "The protectionist policy, just during the (Donald) Trump administration, added over one hundred billi...
Congress must focus on restoring fiscal control and deficit reduction in order to avoid “the grim reckoning,” the billionaire believes Apr 3, 2025 15:46 ‘Economic heart attack’: Ray Dalio sounds alarm on US debt The top hedge fund manager projects major financial woes for the nation’s ...