President Donald Trump is a vocal opponent of the U.S. trade deficit and he believes tariffs are the method to reducing it; economists, however, disagree.
Today's Federal Budget Deficit in the US In September 2024, the Congressional Budget Office (CBO) reported that the federal budget deficit stood at $1.9 trillion, $373 billion more than the deficit for the same period the previous year.1 Regarding the national debt, the CBO projected that as...
Given Britain's very large current account deficit and the exposure of the British banking system to property values, the potential for financial crisis and then contagion to the rest of the Europe is a clear and present danger." As Brexit inevitably ripples across the Atlantic, Americans should...
(1’09’’) The oldest recorded one is by the Greek historian Herodotus. He visited Egypt around 450 B.C.E. when the pyramid was already two thousand years old. His theory was that cranes were used much like we use cranes today to construct tall buildings, seen Egyptians using cranes ma...
The contagion spread to US stock markets and economies around the world. Today, the recession that resulted, which lasted until 1975, is often remembered for its “stagflation,” a rare and dreaded combination of stagnating or shrinking growth, rising inflation, and rising unemployment. In many ...
Today the median annual wage for Black workers is approximately 30 percent, or $10,000, lower than that of white workers—a figure with enormous implications for household economic security, consumption, and the ability to build wealth. Black workers make up 12.9 percent...
France will have a new budget designed to bring down its deficit in the coming weeks, a top official told CNBC in Davos on Wednesday. The country is aiming to cut its national deficit so that it falls below 3% of GDP in compliance with EU rules, but has faced political turmoil in pr...
The Takeover:LaVine scored 16 straight Kings’ points over 2:43 in game time spanning the 3rd and 4th quarters to turn a four-point deficit into a four-point lead that Sacramento would not relinquish The Reaction:With LaVine lighting it up with 17 points and five 3s in the 4th, Jonas ...
What We Read Today 02 March 2013
GOP bill could add trillions to the U.S. deficit, some experts say Megan Cerullo Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss ...