Feeling the Squeeze? It Might Be the High Price of Ignoring the Deficit
Policymakers are doing nothing to constrain the structural budget deficits that fuel inflation. Source link
Tag
Deficit
Trump's tariffs spur government's improving deficit
The deficit has ticked down in the new fiscal year, and analysts said there's one obvious reason for the improvement: President Trump's tariffs. Source link
Federal government ran a big deficit in October despite being closed for business
The government shutdown didn't seem to do much to slow the pace of federal spending, as Uncle Sam kicked off the new fiscal year with a sharp rise in payouts for the month of October.…
Trump's tariffs helped tame deficit in 2025, brought in $118 billion in new money
President Trump's tariffs have helped to tame the federal deficit, the Treasury Department reported Thursday, with the extra $118 billion in customs revenue helping to limit the damage…
To Fix the Deficit, Start with Bloated ‘Disability’ Programs
Cutting spending is always hard, so conservatives should focus on the least deserving recipients no matter what walk of life they are in. Source link
HKMA to cut costs, freeze hiring as city battles deficit: report
Hong Kong’s de-facto central bank is planning to cut costs next year, according to a local news report, as the city takes steps to reduce its fiscal deficit. The Hong Kong…
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific expects to record a capital deficit on its balance…
How leaders can change the ‘mattering deficit’ at work
Zach Mercurio is a researcher who specializes in purposeful leadership, mattering, meaningful work, and positive organizational psychology. He works with hundreds of organizations…
White House pushes back on CBO estimate that Trump bill could add $2.4T to deficit
Office of Management and Budget Director Russell Vought on Wednesday pushed back on new analysis by the nonpartisan Congressional Budget Office concluding President Trump's massive tax and…
CBO Adds Fuel to Republican Budget Fight With Damning Deficit Forecast
The Congressional Budget Office’s most recent score of President Trump’s One Big Beautiful Bill Act is the worst one to date. The agency estimates the legislation would add $2.4 trillion…
Trump Officials Blocked Key Portion of Report Exposing Growing Deficit
The Navy documents also list other ships that are being considered for renaming. They include USNS Thurgood Marshall, USNS Ruth Bader Ginsburg, USNS Harriet Tubman, USNS Dolores Huerta,…
White House refutes claims by CBO, Senate GOP that 'Big Beautiful Bill' will increase deficit
The White House on Tuesday pushed back on Senate Republicans who oppose President Trump's "Big Beautiful Bill" because they say it will increase the federal deficit. Source link
Asia: Equities track Wall Street sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could…
US: Stocks tumble as bond yields spike amid deficit worries
WALL Street stocks slid on Wednesday as US Treasury yields surged amid investor unease over President Donald Trump’s giant tax cut legislation moving through Congress. The yield on the…
Channel 4 Shifts Strategy: Moves Into Production While Reducing Deficit
Channel 4 has unveiled plans to move into in-house production and launch a new Creative Investment Fund, marking the end of its 42-year history as solely a publisher-broadcaster. The U.K.…
How to Solve the Deficit Like a Genuine Capitalist
The federal government is leaving billions of dollars on the table. Hear me out. Source link
Trump signals he will press Canadian leader on trade deficit
President Trump teed up a meeting with Canadian Prime Minister Mark Carney on Tuesday by saying he plans to press his northern neighbor on why the U.S. has a big trade deficit with Canada…
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first…
France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
PARIS (AP) — France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit.…
Global sugar market will flip into deficit this season: Sucden
THE global sugar market is will flip into a deficit of nearly two million tonnes this season as the upcoming crop in top grower Brazil has started on a poor trajectory amid unfavourable…
New French PM confirms tax rises for major companies to plug deficit
France’s new Prime Minister Michel Barnier has proposed €60b ($66b) worth of spending cuts and tax hikes to help shrink the country’s deficit to 5% of economic output, down from the 6.1%…