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1. U.S. Budget Deficit Hits Highest Level Since 2012: Treasury Department 2. U.S. Budget Deficit Growing, Could Top $1 Trillion This Year 3. How the U.S. Budget Deficit Impacts the Economy 4. What Is a Budget Deficit and How Does It Affect You? 5. Budget Deficit by Year: U.S. Debt Since 1929 6. What Happens When a Government Has a Budget Deficit? 7. The Pros and Cons of Budget Deficits 8. How to Reduce a Budget Deficit 9. The Impact of Budget Deficits on Economic Growth 10. Video: What Is a Budget Deficit?
The OBBBA of 2025 would repeat the same trick used in the TCJA of 2017 by keeping the projected upward impact on the deficit limited through sunsets that are very likely to cause extensions of deficit-increasing measures when the fiscal cliffs comes in sight...
On July 3, the House narrowly passed the One Big Beautiful Bill Act (OBBBA) with a 218–214 vote. According to the nonpartisan Congressional Budget Office (CBO), the bill will add an estimated $3.3 trillion to the budget deficit over the next 10 years. Trump signed the bill the next day on July 4. To help pay for it, OBBBA
Trump's tariff policy faces a legal challenge that could impact US finances. Court decision may lead to large refunds. Treasury Secretary Scott Bessent remains confident of a favourable ruling. Economists highlight the importance of tariff revenue in managing the budget deficit. Businesses express concerns over fluctuating duties.
TweetLet’s hear no more of how these customs revenues will be used to reduce the U.S. government’s budget deficit. Editor, Des Moines Register Editor: Agriculture secretary Brooke Rollins proposes using revenues from Trump’s tariffs to compensate farmers for the damage inflicted on them by those tariffs (“USDA secretary says farmer bailout could be funded with […]
THE PHILIPPINES’ budget deficit widened in August as revenues fell faster than spending, adding pressure on the government to borrow more and keep within its deficit ceiling. The gap ballooned 56% to P84.8 billion ($1.5 billion) from a year earlier, according to data released by the Bureau of the Treasury on Wednesday. Compared with July, […]
Last week the Bureau of the Treasury (BTr) released the cash operations report (COR) then the outstanding public debt for August. So here I have compared the date from January to August this year with the data in the same months in previous years, 2019 to 2024. Revenues are slowing this year compared to 2024, […]