The president's new term in the White House has been dominated by a protectionist agenda aimed at restoring America's domestic manufacturing base and jobs. His primary objective is cutting America's trade deficit - by which the country imports more in value terms, than it...
But the survey was concluded before data on Tuesday showed the goods trade deficit surged to an all-time high in March amid record imports, which prompted economists to sharply downgrade their GDP estimates. "The trade shock now looms large, overshadowing everything else that the White House ha...
"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 (AP) — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
Lesser said, however, that underlying optimism is being offset by concerns about tariffs, deportations, a widening budget deficit and the U.S. relationship with China. MIDDLE EAST This year's meeting in Davos is taking place against "the most complicated geopolitical ...
GOP to Obama: Help Us Reduce Deficit; President Urged to Tackle Reform of Entitlements
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...
from 6.2% in 2024 to 6.8% in 2025 before falling in the remaining years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falling in the longer term, we predict the 10-year federal bond rate will fall from 4.44% in 2025 to 3.95% by ...
The next U.S. president will face fiscal deadlines that loom next year, with one of the first such deadlines to arrive Jan. 1, when the current suspension of the debt limit is set to expire. By then, U.S. lawmakers will be forced to debate another increase or suspension of the debt...
Under the “more proactive fiscal policy”, China’s Finance Ministry may have more room to inflate the central government budget deficit, and “a moderately loose monetary policy” suggests the People’s Bank of China (PBOC) may pay more attention to internal balance when making decision on ...