You Searched For "Budget deficit" and got 20 results
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1 min read
Forget budget deficits — these other factors are bigger drivers of Treasury yields, market expert says
Monetary policy, inflation, and global investors' preferences matter a lot more to bond yields than…
Aruni Soni
2 mins read
US budget deficit blows out 64% as the nation burns cash like a 'drunken sailor'
The US budget deficit jumped to $2.3 trillion in the 12 months through June – that's a 64% increase…
Zahra Tayeb
1 min read
Russia looks to crack down on its oil discount as plunging revenues blow up budget deficit
Russia plans to use international crude oil prices to stave off the fallout from the price cap that…
Brian Evans
1 min read
Russia's oil and gas revenue crashed by nearly 50% at the start of 2023, leading to a wider budget deficit as Moscow's spending soars
Russia's deficit widened to nearly $25 billion as lower energy revenue met with a surge in spending…
Carla Mozée
1 min read
Russian oil price cap is hitting the Kremlin's export revenue and may widen its budget deficit, finance minister says
If export volumes decrease, Russia could turn to both loans and the National Wealth Fund for fundin…
Brian Evans
2 mins read
Joe Manchin says he 'can't really guarantee anybody' that the Democratic-led reconciliation package will pass the Senate
AOC said House Democrats reserve the right to reject the bipartisan infrastructure bill if the reco…
John L. Dorman
2 mins read
Biden's budget will reportedly cost $6 trillion while running a $1.3 trillion deficit over a decade
The New York Times reported Biden's budget will increase total spending to $8.2 trillion by 2031 an…
Ayelet Sheffey
1 min read
The US ran a record $1.9 trillion budget deficit from October to April, Treasury Department says
Treasury showed not just a record deficit over seven months, but also record tax receipts of $2.1 t…
Ayelet Sheffey
2 mins read
The US deficit soared to a record $1.7 trillion as the government doled out new stimulus
White House and Fed officials have said the US shouldn't worry about the ballooning deficit until a…
Ben Winck
3 mins read
Raising the federal minimum wage to $15 an hour would lift 900,000 people out of poverty while adding $54 billion to the deficit, CBO report finds
Raising the minimum wage to $15 an hour would reduce poverty, while also reducing employment and in…
Ayelet Sheffey
2 mins read
Billionaire hedge fund manager Marc Lasry says Biden should raise taxes to pay down the deficit 'a little bit'
The Avenue Capital CEO said earlier this month he may advise the Biden administration on economic p…
Emily Graffeo
2 mins read
Ted Cruz claimed that Trump didn't promise to cut the federal debt. But eliminating it was a major part of the president's 2016 campaign — and he hasn't come close.
Trump fell far short of eliminating the debt before the pandemic. Experts say it shouldn't be a con…
Joseph Zeballos-Roig
2 mins read
Former Fed Chair Alan Greenspan says inflation is 'major concern' as deficits get 'out of hand'
"All in all my major concern is inflation. It obviously hasn't emerged in any significant way as ye…
Emily Graffeo
1 min read
The US budget deficit topped a record-breaking $864 billion in June as the US ramped up COVID-19 spending
The coronavirus pandemic has blown a hole into the federal government's budget. But many economists…
Joseph Zeballos-Roig
1 min read
US budget deficit swells to $235 billion, a new record
"We're potentially on the verge of an economic emergency, and the federal government should work to…
Gina Heeb
1 min read
US budget deficit jumps above $1 trillion for first time since 2012
The gap between federal expenditures and receipts grew 12% to $357 billion in the first quarter of …
Gina Heeb
2 mins read
The US budget deficit skyrocketed to a record $207.8 billion in May
The gap between the amount the government takes in and spends came in at $207.8 billion last month,…
Gina Heeb
2 mins read
The US budget deficit is projected to top $1 trillion this year, its highest level since 2012
The deficit outlook worsened following a bipartisan spending package passed by Congress last year, …
Gina Heeb
2 mins read
US budget deficit jumps in January, putting it on track to hit $1 trillion for first time since 2012
The gap between what the government spent and collected rose 25% to $389 billion in the first four …
Gina Heeb
2 mins read
US budget deficit jumps above $1 trillion for the first time in more than 6 years
A bipartisan budget agreement President Donald Trump signed into law in August lifted the debt ceil…