Stories Tagged as
Deficit
Get ready for a huge deficit hike
Feb 23, 2017
Treasury Secretary Steven Mnuchin said the Trump administration will have a proposed tax plan completed by August. Based on campaign promises, its broad outlines will include a substantial cut to corporate taxes and perhaps reductions in individual taxes. Whatever the details, the plan will almost certainly blow up the federal deficit, and that has big […]
Unpacking America’s complex trade with Mexico
Jan 27, 2017
The U.S.-Mexico trade relationship gets talked about by the president as if we’re being scammed. He implies that because the United States has a trade deficit with its southern neighbor, we’re just pouring money over the border. But most economists say the trade deficit with Mexico is not a problem, and, in fact, that it’s […]
Let's do the numbers... on the debt
Oct 20, 2016
Losing sleep over the deficit & debt? Don't worry...yet
CBO predicts deficits about to get a lot worse
Jan 25, 2016
The Congressional Budget Office says this is the first such increase since 2009.
The difference between debt and deficit: An explainer
by
Paddy Hirsch
Jun 10, 2014
A lot of people confuse the words debt and deficit. They're not quite the same.
The Senate might be abolished...in Ireland
Oct 4, 2013
On Friday, Ireland is voting to abolish one of the houses of the country's parliament. Supporters say the move is a cost-cutting measure as well.