U.S. Budget Gap Rises to $205B in November
“The budget picture is deteriorating as the U.S. taxes individuals and companies less and spends more, mostly on defense and benefit payments."
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
U.S. Budget Deficit Widens to $77B in July
Increased government spending and tax cuts are “keeping the country on track to record its biggest annual deficit in six years."
U.S. Budget Deficit Widens to $208B in March
The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.
Tax Cuts: Be Careful What You Wish For
The short-term economic boost that the GOP-proposed tax cuts would generate wouldn't be sustainable without growth in the already-tight labor market.
CBO: Shutdown Looms If Debt Ceiling Isn’t Lifted
Projected budget deficits have also increased amid ‘surprisingly weak tax collections.’
Trade Gap Widens to Record $502B in 2016
The stronger dollar, larger federal budget deficits, and low national saving rates could force further widening in the trade deficit.
Trade Deficit: Don’t Worry. Budget Deficit: Worry
Donald Trump's threat to impose heavy tariffs on Mexico and China addresses a nonexistent problem. He should focus instead on the federal budget deficit.
How Corporations Subsidize the Federal Debt
The exploding federal debt motivated the Fed’s low interest rate and liquidity policies which, inadvertently, have penalized corporations.
CBO Increases 2016 Deficit Forecast to $590B
The agency is projecting lower-than-expected tax revenue, with most of the drag coming from falling corporate profits.