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Budget Deficit

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Former Secretary of State Mike Pompeo (L) and former Secretary of Defense Leon Panetta (R) gave a joint interview on geopolitics' effect on global business at the Fortune Global Forum in New York on Monday November 11.
Conferences
Former CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat
By Paolo ConfinoNovember 11, 2024
michel barnier
Politics
France says it has the ‘courage’ to cure its €15 billion absenteeism crisis, by delaying sick payments and cutting public sector benefits
By Prarthana PrakashOctober 29, 2024
Federal Reserve Chairman Jerome Powell
Finance
In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see
By Jason MaOctober 26, 2024
Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—‘Yeah, sure, but why not?’
Politics
Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—‘Yeah, sure, but why not?’
By Jason MaOctober 26, 2024
Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’
Finance
Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’
By Will DanielSeptember 10, 2024
Chicago Mayor Brandon Johnson speaks at the Democratic National Convention, standing at a podium with a microphone. He is dressed in a suit, gesturing with one hand as he delivers his remarks, with the convention backdrop featuring party symbols and colors.
Politics
Chicago implements hiring freeze to help tackle $1 billion deficit
By Shruti Date Singh and BloombergSeptember 9, 2024
Pedestrians walk past a bus shelter
Finance
U.S. debt is so massive, interest costs alone are now $3 billion a day
By Jason MaSeptember 7, 2024
Donald Trump speaks into microphone
Politics
Trump says economic growth would cover $4.6 trillion price tag for tax cuts
By Sarah McGregor, Maria Paula Mijares Torres and BloombergAugust 24, 2024
US government check
Finance
U.S. debt interest costs are about to blow past $1 trillion this fiscal year
By Viktoria Dendrinou and BloombergAugust 12, 2024
US Treasury payment check
Finance
The U.S. deficit is nearly as big as Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse
By Jason MaJune 30, 2024
Foreign currency bank notes
Finance
Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’
By Bastian Benrath and BloombergJune 30, 2024
Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit
Finance
Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit
By Will DanielJune 25, 2024
California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour
Politics
California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour
By Adam Beam and The Associated PressJune 22, 2024
U.S. Capitol dome against backdrop of dollars
Finance
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
By Jason MaJune 8, 2024
Treasury Secretary Janet Yellen stands at podium
Finance
Janet Yellen warns higher outlook for rates will make it harder to keep deficits and debt expenses under control
By Viktoria Dendrinou, Christopher Condon and BloombergMay 25, 2024
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