Federal deficits are projected to grow much more than expected over the next decade with the two-year budget agreement struck last month, CBO says
Federal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Congressional Budget Office said.
WASHINGTON—Federal deficits are projected to grow much more than expected over the next decade thanks to the two-year budget agreement lawmakers and the White House struck last month, the Congressional Budget Office said Wednesday.
The agency increased its forecasts for deficits over the next decade by $809 billion, to $12.2 trillion, in updated budget projections released Wednesday. The increase primarily reflects higher federal spending under the new budget deal, partly offset by lower projected interest rates.Read more: The Wall Street Journal
It costs money to fix important things left broken from predecessors in the first term. In the second best me, we can slash all non essential government programs. This was proven to be ok to do during the last shutdown. Too many bloodsuckers in Washington! Learn more about the deficit! DYK government spending has exceeded revenue in all but six years since 1980😮 According to CBO, US budget deficit is expected to cross the $1 Trillion mark by 2020 deficit Facts
It’s time for the House and Senate to cut the waste. There is plenty of revenue coming in, its their time to start cutting their fat programs and sweetheart deals! Step up, or go home for good! Deficits dont matter, if you have the reserve currency FFS. Why do people continue to call it a 'budget'? It's not a 'budget' when they over-spend by $1 trillion a year. The proper word would be 'idiocy'. Just call it 'Congressional Economic Idiocy'.
Neither GOP nor Dems talk much about it. A rare exhibit of Bipartisanship. David Stockman, note. Find a Tea Party candidate and vote for them. Just completely abolish the corporation tax that’ll help Three social programs driving this... Stop cutting taxes if there are no spending cuts to offset the cost!! It is not right to add trillions more to national debt just to prop up the economy!
CBO expects deficit to grow more than projected, warns that tariff hikes could harm growth'Federal debt, which is already high by historical standards, is on an unsustainable course,' CBO director Phillip Swagel said in the report. Indeed....right along with a major recession. 🤫🤫🤫🤫 Did CBO check in with the GOP? I thought the taxes were going to pay for themselves? I understand but numbers are for Trump like 👇 for Superman.
Hey MAGA SenToomey your TaxScam bill will continue hurting America for years to come. Thanks you GOP more ammo for the TheDemocrats “Donald Trump inherited a growing economy from the Obama-Biden administration, just like he inherited everything in his life,” Joe Biden says here in Iowa. “And he squandered it, like he did everything else.'
The wise general in a time of peace prepares for war. Tax cuts and low interests during a low unemployment - record gains financial markets is not the way of the wise general. No more tax cuts without matching Tariffs or off-setting taxes on the wealthy. What?! THIS Fed cooperate with Uncle Sam in financing an Infrastructure package? THIS Fed is out for the President, to depose said man.
RenscoExecutive thank YOU TRUMP Wow the DEFICIT HAWKS ARE AT IT AGAIN Irresponsible republicans. What happened to the Tea Party and the Freedom Caucus? Lol Another broken promise from Trump
Fed Minutes to Show Extent of Committee Divisions on Last Month’s Rate CutThe Fed minutes are expected to show committee divisions at the last meeting before policy makers’ decision to cut interest rates for the first time in more than a decade He needs to cut to 1%. Were Trump's attacks on Fed & Powell well thought out and calculated. Are they paying off? Is a cut 5 quarters before 2020, in a maturing cycle, too early?
Deficits? Who cares about that Imagine if we did not have to pay for lazy parasites from fecalhole nations.
Earnings wrap: Home Depot and Medtronic jump on earnings, Kohl's takes a hitIt was a good day for Home Depot shareholders as the home improvement retailer's stock rose more than 4% on stronger-than-expected earnings.
Tariffs will now cost American households up to $1,000 per year: J.P. MorganTariffs are expected to cost American households up to $1,000 per year when the next round goes into effect on September 1, according to a new note by J.P. Morgan. The only people surprised by this are the brainwashed fools who follow the worst President in history. But then again they will call this Fake News because it’s something negative about their precious leader! I don’t think Americans thought this sort of thing meant making America great again. Good thing the tax cut will offset that
A Boeing 737 Max panel will reportedly tell the FAA to completely overhaul the way it certifies new planesThe Joint Authorities Technical Review (JATR) is expected to issue its recommendations to the FAA as early as next week. Good. Complexity in pilot action is not a perk, it's an anchor. BoeingAirplanes FAASafetyBrief
'Codfather' settlement means magnate will never fish againThe federal government says it has settled its civil case against a fishing magnate known as the Codfather, saying he will never be allowed to return to U.S. fisheries.