Browsing: Budget Deficit
Former CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat
President-elect Trump’s economic agenda—cut taxes and embark on a widespread campaign of deregulation—could risk running up the already skyhigh national…
France says it has the ‘courage’ to cure its €15 billion absenteeism crisis, by delaying sick payments and cutting public sector benefits
France is grappling with a ballooning deficit, prompting significant tax hikes and aggressive cost-cutting measures announced earlier this month. Of…
In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see
Suburban moms, crypto bros, and Swifties aren’t the only voters making their presence felt this election season. Bond investors are…
Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—’Yeah, sure, but why not?’
Former President Donald Trump voiced support for eliminating income taxes and replacing the revenue with receipts from tariffs. During a…
Chicago is freezing hiring and curbing other expenses to help close more than $1 billion in budget shortfalls through next…
With U.S. debt now at $35.3 trillion, the cost of paying the interest on all that borrowing has soared recently…
The U.S. deficit is nearly as big a Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse
The presidential election has brought the issue of federal budget deficits back into the spotlight as markets weigh the impact…
Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’
Indebted countries are vulnerable to a precipitous loss of confidence even though that risk is barely acknowledged in bond markets,…
California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour
Democrats in California have agreed to delay a minimum wage increase for about 426,000 health care workers to help balance the state’s…
Remember, the U.S. doesn’t have to pay off all its debt, and there’s an easy way to stabilize it, Nobel laureate Paul Krugman says
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn’t worried and said you shouldn’t…












