Tagged With Budget Deficit

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


Ted Cruz says the swelling national debt will reemerge as a major concern for Republicans


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.



The US federal deficit surges to record $3.1 trillion for 2020 amid unprecedented stimulus spending


JobKeeper is getting a $15 billion overhaul as the federal government tries to contain the Victorian lockdown fallout


Australian unemployment will soar to 9.25%, the government forecasts, as the country grapples with the coronavirus crisis



The US budget deficit topped a record-breaking $864 billion in June as the US ramped up COVID-19 spending


Nobel-winning economist Paul Krugman says the US's current $23 trillion federal debt is 'not a serious problem'


US 12-month budget deficit above $1 trillion for 2nd straight month


Alexandria Ocasio-Cortez's favourite economic theory derided by IMF chief Christine Lagarde as no 'panacea'


The US posted a $234 billion budget deficit last month, the biggest one-month deficit in history


Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction



The US federal deficit soared to $310 billion to start fiscal year 2019, up 77% from the year before


The US national debt just topped $22 trillion for the first time in history


The US will issue over $1.3 trillion in new debt in 2018, the highest amount since the depths of the recession


One of Republicans' biggest promises about their tax law is coming apart at the seams



Treasury Secretary Steve Mnuchin doubled down on a claim about the tax bill that almost every independent group says is wrong


How a Wall Street chief strategist's Costco shopping experience explains the biggest misconception about global trade


What people are missing when it comes to trade, stocks, and the market's favourite recession signal, according to a JPMorgan chief strategist


CHART: How Australia's budget deficit is returning to a surplus