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...
Labor Day’s origins date back to the labor movement in the late 19th century, and it was marked as a federal holiday in 1894. Due to the Uniform Monday Holiday Act, Labor Day is celebrated on the first Monday of September every year. Employees can extend this long weekend by taking ...
In the third quarter of 2024,optimism in the US economy grew to its highest level in a year. Nevertheless, many of the same dynamics that have characterized consumers’ feelings in the past year—including a cautiousness toward spending and a simultaneous willingness to splurge—remain evid...
The nonpartisan Congressional Budget Office (CBO) has projected the debt held by the public will reach a record level of more than 106% of GDP in 2027. 独立机构国会预算办公室预测,2027年美国债务将刷新纪录,达到GDP的106%以上。 This year the federal government is projected to run a $1.9 trilli...
The central bank started raising rates in March 2022 to tamp down surging inflation, caused chiefly by what top economists labeled as profligate US government spending during the COVID-19 pandemic. The Federal Open Market Comm...
At present, the United States Federal Government has a national debt of $31.4 trillion, which is higher than the gross domestic product (GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a...
At present, the United States Federal Government has a national debt of $31.4 trillion, which is higher than the gross domestic product (GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a...
of actual spending by the U.S. Department of Defense (DoD) indicates that reductions in military expenditure are highly unlikely. From 2020 onwards, annual U.S. military expenditure has topped $800 billion each year, constituting approximately half of discretionary spending of the federal government...
Chinese politics & policy Xi to send top-level China envoy to Trump’s inauguration Unusual diplomatic overture comes as Beijing braces for escalating tensions with new administration Federal Reserve Top Fed official says central bank is ‘pretty close’ to meeting twin targets ...
President-elect’s intervention raises odds of federal closures by weekend December 12 2024 Markets InsightTiffany Wilding Trump has options to mitigate the rising US budget deficit While the long-term trajectory of the fiscal debt will probably remain a concern, there are some potential incremental ...