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Budget Deficit

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michel barnier
PoliticsFrance 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
FinanceIn 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?’
PoliticsTrump 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’
FinanceBank 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.
PoliticsChicago implements hiring freeze to help tackle $1 billion deficit
By Shruti Date Singh and BloombergSeptember 9, 2024
Pedestrians walk past a bus shelter
FinanceU.S. debt is so massive, interest costs alone are now $3 billion a day
By Jason MaSeptember 7, 2024
Donald Trump speaks into microphone
PoliticsTrump 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
FinanceU.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
FinanceThe 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
FinanceHeavily 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
FinanceTreasury 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
PoliticsCalifornia 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
FinanceRemember, 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
FinanceJanet 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
JPMorgan Chase CEO Jamie Dimon urged the U.S. once again to reduce its national deficit, warning it will become “far more uncomfortable” if financial markets force the government’s hand.
FinanceJamie Dimon once again says we should tackle the national deficit: ‘That is important for the world’
By Sunny NagpaulMay 17, 2024
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