"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...
Commentary The biggest allocator moves of 2024 December 24, 2024 From chief investment officer departures and appointments to an axing of an entire board of trustees, the past year has been marked by tectonic shifts at some of the world’s largest LPs. Load More Products...
"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...
With fewer tariffs in place, this scenario also predicts lower inflation compared to the baseline, stronger consumer spending starting in 2026, and a lower merchandise trade deficit. However, due to the inflationary impact of the tax cuts, inflation does settle around 2.3% per year by the outer...
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 $...
However, yields have also increased significantly, and that is a key concern if it reflects fears that US fiscal policy will become inflationary, or that the deficit will deteriorate significantly next year. However, the surge in US yields could also be explained by investors being more bullish...
Under either administration, US-China relations will continue to be tense. Both parties share a desire to address the trade deficit and reduce reliance on China, suggesting that risks are relatively similar regardless of the election outcome. However, Trump’s approach may carry a higher level of...
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.
for itself with unlimited overdrafts, using huge debts to increase public spending. Over the past year, the US federal government debt surged from $33 trillion to $36 trillion. As the Federal Reserve begins to cut interest rates, the US government, which is already running at a high deficit...
Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office. While the deficit is typically a concern during presidential election years, former ...