"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...
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 latest estimate...
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 ...
And instead of simply casting a plan for so-called reciprocal tariffs, the U.S. needs to find a way back to the basics of economics. Running a trade deficit is not wrong; it simply indicates that different economies have their own places in global trade and supply chains. Plus, the bigg...
The alarming milestone comes just months after the U.S. debt surpassed the US$34 trillion threshold in early January, and the US$33 trillion mark in September last year, the Global Times reported. By comparison, the U.S. national debt hovered around US$907 billion four decades ago. ...
In Tunisia, a strong dollar and sharp rises in grain and energy prices are expected to widen the country's budget deficit to 9.7 percent of GDP this year from a previously forecast 6.7 percent, said the central bank governor Marouan Aba...
US domestic debt ceiling crisis. Biden and House Speaker Kevin McCarthy had planned to meet again on Monday, as the clock ticks toward a possible government default next month. Biden has blamed the Republicans for being unwilling to entertain the idea of closing the federal budget deficit by ...
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 $...
The state of the U.S. economy can impact your money and life. From economic growth and the national debt to unemployment and interest rates, learn what it means for you.
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 2029. Labor markets At the time of writing, labor markets continue to be healthy, with strong jobs growth and low levels of layoffs. The...