Imports surged more than 40% at the outset of this year as companies rushed inventory into the U.S. ahead of potential tariffs, data showed. By contrast, federal spending fell about 5% over the first three month
This year the federal government is projected to run a $1.9 trillion budget deficit, according to the latest estimate by the CBO.根据国会预算办公室的最新估计，今年联邦政府将出现1.9万亿美元的预算赤字。That would be $200 billion larger than last year's deficit, while the CBO's la...
Congress will eventually have to pass the 12 bills to fund the government and avert a partial shutdown of federal agencies that would otherwise begin on March 1. KEY QUOTES “We’re on it. We're going to continue to focus on that until we get them done,” sa...
The US national debt has surpassed $36 trillion. With relatively high interest rates, "investors favor short-term US government bills over long-term bonds", Ke of the Shanghai Academy of Social Sciences said, adding that it will "push...
US Federal Reserve Sticks to Spending Plan amid Slow RecoveryWASHINGTON, Dec. 15 (AFP) - The US Federal Reserve Tuesday steered a steady course through the shallow economic recovery, sticking to a massive spending plan and interest rates close to zero for the second year.Manila Bulletin...
The federal government spends about US$270 billion on salaries for workers; assuming these layoffs all occur, and are not offset by new hiring for the administration’s priorities, they would save around US$30 billion per year—or 0.5% of total federal spending. Several agencies, such as the...
The federal government spends about US$270 billion on salaries for workers; assuming these layoffs all occur, and are not offset by new hiring for the administration’s priorities, they would save around US$30 billion per year—or 0.5% of total federal spending. Several agencies, such as the...
The federal deficit in fiscal year 2024 was $1.8t, equal to 6.4% of GDP, while the total US federal debt held by the public reached historically high levels just above 100% of GDP at the end of fiscal year 2024. Under current law, the CBO estimates that 75% of the increa...
concept becoming mainstream, central bankers are increasingly reluctant to over-expose themselves to dollar-denominated debt. In 2022, the total ownership of Treasury securities held by foreign countries fell by a quarter of a trillion dollars. The federal deficit for the same year reached $1.38 ...
BELLE PLAINE, Kan. (AP) — Farmers across the nation leaned more heavily upon the federal government last year to finance their agricultural operations amid low commodity prices and trade disputes, and more of the money they borrowed is now delinquent.