Why the Economy Cannot Cut the Budget Deficit

Italy's budget deficit will be near 10% of gross domestic product this year, a senior government official told Reuters, as Rome increases borrowing to try to soften the impact of the new coronavirus and the economy plunges into a deep recession......»»

Zach Gibson/Getty The US budget deficit swelled to a new record in February even as the economy continued to grow at a steady pace.  The ga.....»»

The U.S. budget deficit rose slightly in February to $235 billion, but it’s running 15% above last year’s level and likely to go higher still if Washington tries to stimulate the economy to counter the coronavirus threat......»»

Reuters/Joshua Roberts The US budget deficit swelled at the beginning of 2020 even as the economy continued to grow at a steady pace.  The gap between what the government spent and collected rose 25% to $389 billion in the first four months of .....»»

The U.S. economy will grow at a "solid" rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on Tuesday, but the federal budget deficit will hit $1.02 trillion......»»

Gov. Andrew Cuomo may be spending much of the new year explaining how he was caught off-guard by a $6.1 billion hole looming in his next state budget, caused mostly by rising . It’s the largest gap... To view the full story, click the title link......»»

The growing deficit also comes as budget experts expect the economy to slow down......»»

The growing deficit also comes as budget experts expect the economy to slow down......»»

The growing deficit also comes as budget experts expect the economy to slow down......»»

The growing deficit comes also as the budget experts expect the economy to slow down......»»

If low inflation, a wobbly economy and tariff jitters weren't enough to push the Federal Reserve to lower interest rates, there's also the simple reason of the swelling national debt......»»

If low inflation, a wobbly economy and tariff jitters weren't enough to push the Federal Reserve to lower interest rates, there's also the simple reason of the swelling national debt......»»

While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace (and yet the Fed is about to cut rates), resulting in recurring bond trader nightmares about funding the growing twi.....»»

While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace.....»»

America's budget deficit and unemployment rate are heading in opposite directions — something that's never happened during post World War II peacetime and could cause a significant jump in interest rates......»»

It is plain that the only thing that can start to begin to push the deficit down is an economy so strong that it causes a surge in federal government receipts. The argument has been made before and........»»

By now it is pretty clear the Tax Cuts and Jobs Act didn’t pay for itself, as proponents, including Treasury Secretary Steven Mnuchin, claimed it would......»»

The federal government started its new fiscal year much as it ended the last one—with spending up and revenues lagging behind the broader economy......»»

n a letter sent to the European Commission, Italian Economy Minister Giovanni Tria said that despite the EU criticism, they would still target a budget deficit of 2.4% of gross domestic product for next year.....»»

The euro struggled below $1.13 on Wednesday as Italy stuck to its deficit target in a re-submitted draft budget and after confirmation that the euro zone economy grew at its slowest pace in four years in the third quarter......»»