Us Budget Deficit

And greedflation revisited 

US budget deficit hits $2.77 trillion in 2021, second highest on record

The deficits in both years reflect trillions of dollars in government spending to counteract the devastating effects of a global pandemic.

US Budget deficit to hit record $3.3 trillion due to coronavirus, recession

The recession has caused a drop in tax revenues have fallen, but the changes are not as dramatic as seen on the spending side, with individual income tax collections running 11 percent behind last year.

Government report says US budget deficit set to hit $897 bn

The Congressional Budget Office Report predicts a USD 118 billion increase over last year's USD 779 billion deficit.

Annual US budget deficit hits $779 bn, highest since 2012: US Treasury

The deficit is equivalent to 3.9 percent of GDP, up from 3.5 percent in the 2017 fiscal year, according to the report.

UN sees 2017 global growth at 2.7%; Trump, Brexit top challenges

The United Nations expects global economic growth to rise to 2.7 percent this year and 2.9 percent in 2018, up from 2.2 percent in 2016, and said Brexit and U.S. President-elect Donald Trump's tax policies could have adverse effects.

US budget deficit grew slightly in 4 months of FY 2015: CBO

The Congressional Budget Office on Friday forecast a USD 195 billion US budget deficit for the first four months of the current fiscal year, up from USD 183 billion in the same period last year.

US deficits to shrink through 2015, but debt to deepen: CBO

The US budget deficit will drop below USD 1 trillion in 2013 for the first time during Barack Obama's Presidency, the Congressional Budget Office (CBO) said on Tuesday, but it warned that debt will swell to unsustainable levels without further action by lawmakers.

Stocks struggle as US deadlock remains; euro dips

Asian stocks struggled and the dollar wavered on Friday as US lawmakers squabbled over a compromise to avoid an unprecedented debt default, while growing worries about Europe's debt crisis weighed on the euro, adding to investor wariness.

Rebuild positions in equities in few weeks: Robert Parker

In an interview on CNBC-TV18, Robert Parker, Senior Advisor at Credit Suisse said the US budget deficit is the biggest risk factor at the moment, hand in hand with the European crisis.

Wall Street set to rise as JPMorgan lifts debt gloom

Wall Street was set to rise on Thursday as higher profit from JPMorgan offset concern about closing the US budget deficit after Moody's threatened to downgrade the United States' top credit rating.

Seeking funds, Treasury says World Bank vital to US

US leadership on global economic issues could fade if Washington does not retain influence at the World Bank, a senior US official said on Tuesday in an effort to persuade Congress to step up funding for the poverty-fighting institution.

Dollar may sink another 5-10% in 3-4 months: BMO Capital

Andrew B Busch, Global Currency and Public Policy Strategist at BMO Capital Markets in an interview with CNBC-TV18’s Menaka Doshi, talks about if a dollar rout is likely to happen.

World finance chiefs chastise US on budget gap

World finance leaders on Saturday chastised the United States for not doing enough to shrink its massive budget deficit and warned that fiscal strains in rich nations threaten the global recovery.