Tag

Deficit

All articles tagged with #deficit

economy20 days ago•2 min saved

France’s debt balloons to its highest since 1978 amid stubborn deficits

France’s public debt is projected to reach about 119.3% of GDP in 2026 and 121.7% in 2027—the highest since 1978—driven by a persistent deficit around 5% of GDP, well above the EU’s 3% rule and the 60% debt reference. France remains the eurozone’s third-most indebted nation, with deficits expected to stay elevated as the government plans €54 billion in 2027 cuts and weighs pension-tax-break reductions, subject to Parliament and the High Council of Public Finances as the 2027 budget and elections approach.

via euractiv.com|

#budget #debt #deficit

cartoon20 days ago•11 min saved

Debt Monster Looms Over Biden in Sheneman’s Cartoon

A Daily Kos cartoon by Drew Sheneman depicts the national debt as a looming monster over Biden, using humor to spotlight deficits and inflation in the current economy.

via Daily Kos|

#cartoon #debt #deficit

budget-tax-and-economy25 days ago•19 min saved

Treasury weighs deficit-free plan for universal $5,000 dividend

Treasury Secretary Scott Bessent told lawmakers the department is exploring a deficit-free way to deliver a $5,000 dividend to Americans, potentially through executive action or a congressional authorization, with an estimated cost of about $1.3 trillion if pursued, and without disclosing funding specifics.

via Yahoo Finance|

#budget-tax-and-economy #deficit #dividend

politics1 month ago•132 min saved

GOP tax overhaul brings uneven gains, bigger deficits and welfare shifts

The GOP’s signature tax bill combines broad cuts that mostly benefit higher earners (averaging about $2,300 per filer, with refunds up ~ $350) with substantial cuts to SNAP and Medicaid work requirements. It finances this with a large defense/homeland spending boost and tariff costs. The CBO projects deficits rising by about $3.4 trillion this decade as revenues fall roughly $4.5 trillion, offset by about $1.1 trillion in spending cuts, while millions could lose food aid or health coverage under Medicaid changes. Supporters argue it trims waste and incentivizes work; critics say it shifts resources from the poor to the wealthy and fuels higher debt.

via apnews.com|

#defense-budget #deficit #medicaid

politics1 month ago•20 min saved

GOP Tax-Cut Promise Meets Reality of Mounting Debt

Republican lawmakers promised the 2025 tax cuts would pay for themselves, but deficits are widening (about $2 trillion in the first 11 months of fiscal 2026) and official projections show the legislation adding trillions to the national debt. CBO, JCT and other models estimate the bill will cost roughly $3.4–4.7 trillion over the next decade, despite GOP claims of growth, prompting talk of entitlement reform and spending restraint as the debt nears $40 trillion and debt-ceiling votes loom.

via MS NOW|

#cbo #debt #deficit

politics1 month ago•5 min saved

Trump’s $5K midterm pledge sparks GOP scrutiny and debate

At the Republican convention, President Trump proposed sending $5,000 to every adult if Republicans retain control of Congress, a plan critics say would cost over $1 trillion and could worsen inflation without a funding plan. GOP skeptics highlighted financing concerns and potential debt impacts, with some noting it’s a late, populist pitch. Ted Cruz suggested tying work requirements to the dividends, while others urged focusing on affordable living issues. The broader coverage also weighs AI/data-center debates as a key midterm issue, illustrating intra-party tensions and the high-stakes political dynamics surrounding the election.

via Politico|

#deficit #economy #gop

economy1 month ago•19 min saved

Trump Warns of Trade Halt as US July Deficit Climbs

U.S. July trade data show the goods and services deficit rising to $88.6 billion (from $71.2B in June), with exports at about $310.7B and imports at $399.3B; the goods deficit widened to $119.6B and the services surplus edged up to $31.0B. In response, Trump posted on Truth Social threatening to halt trade with deficit countries unless the Fed cuts rates, framing tariffs as effective while acknowledging persistent imbalances with key partners; year-to-date deficits have improved versus 2025, though the underlying deficits remain a major policy issue.

via Yahoo Finance|

#deficit #economy #federal-reserve

economy1 month ago•19 min saved

Waller: Safe Treasuries premium eroded, lifting the neutral rate

Federal Reserve Governor Christopher Waller said the safety premium on U.S. Treasuries has largely disappeared, pushing up his estimate of the neutral interest rate and implying higher policy rates for any given inflation. He cited rising yields amid concerns about the fiscal outlook and competition for capital from AI infrastructure, and argued that reducing the roughly $40 trillion debt would require structural deficits near zero percent of GDP. Waller downplayed bond buybacks as a tool, and suggested he’d be patient about rate moves and potentially hold rates steady if inflation cools; Treasury yields moved lower on the remarks.

via Yahoo Finance|

#deficit #economy #fed

politics1 month ago•335 min saved

Trump threatens to halt US trade with top partners if the Fed cuts rates

President Trump said he’ll stop trading with countries the US has a large deficit with if the Federal Reserve lowers interest rates, arguing the move would be preferable to tariffs. The remark comes after a hotter-than-expected August jobs report and ahead of the Fed’s policy meeting, with markets pricing in a potential rate cut while officials signaled a cautious stance.

via CNN|

#deficit #federal-reserve #interest-rates

business1 month ago•32 min saved

July 2026 US trade gap widens as imports outpace exports

In July 2026, the U.S. trade deficit widened to $88.6 billion as imports rose and exports fell (exports $310.7B, imports $399.3B; goods deficit $119.6B; services surplus $31.0B). Exports fell by $6.6B from June and imports rose by $10.8B. Year-to-date, the deficit declined 29.6% versus 2025, with revisions to January–June 2026 data and a three-month moving average showing an $78.5B deficit. The release includes country and commodity detail and notes adjustments for gold and other items; next release is October 6, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|

#bea-census #business #deficit

politics1 month ago•6 min saved

Le Pen’s Fiscal Tightrope: Deficit Discipline Without Dropping Pension Promises

Marine Le Pen is trying to broaden her appeal by pledging a 3% GDP deficit limit and about €125 billion in spending cuts while keeping her core promise to roll back part of Macron’s pension reform and set retirement at 62. That stance aims to win centrists but risks alienating fiscal conservatives and raising questions about how the numbers add up, especially with France’s high debt and rising borrowing costs. Internal tensions—like the departure of key adviser Durvye—and Bardella’s push toward a more centrist economic approach underscore a campaign still ironing out its detailed plan ahead of a full fall-platform release.

via politico.eu|

#deficit #fiscal-policy #france

business1 month ago•6 min saved

Bond Market Jitters Rise as U.S. Debt Burden Grows

U.S. Treasuries whipsawed as the Treasury doubled long‑term buybacks to curb borrowing costs, with 30‑year yields briefly near 5.3% before retreating, amid a record ~$40 trillion national debt and persistent deficits that keep supply–demand pressures in Treasuries and ripple into mortgages and corporate borrowing.

via The Washington Post|

#bonds #business #debt

markets1 month ago•37 min saved

US 30-Year Bond Auction Hits Highest Yield Since 2001, Pushing Investor Warnings to Bessent

The U.S. Treasury sold $25 billion of 30-year bonds at a 5.216% yield—the highest since 2001—framed as an investor warning to Scott Bessent as deficits rise; demand was decent, but the move signals investors demand greater compensation for long-term debt and hints that yields could move higher if inflation and fiscal pressures persist, even as the Fed reduces its buying.

via Bloomberg.com|

#bonds #deficit #investors

economy1 month ago•11 min saved

Tariff Shortfall Pushes 2026 Deficit to $2.1 Trillion

A Congressional Budget Office forecast shows the 2026 federal deficit rising to about $2.1 trillion, roughly $200 billion above February’s estimate, largely due to weaker tariff revenue after the Supreme Court struck down Trump-era tariffs. Tariff and customs receipts are now expected about $250 billion below earlier projections, with about $100 billion of collected tariff duties already refunded. In the first 10 months of fiscal 2026 the deficit was $1.8 trillion as outlays grew $308 billion and revenues rose $139 billion, aided by a July payment shift; spending on Social Security, Medicare and Medicaid accounted for most of the increase, and net interest payments rose by $117 billion, prompting economists to warn that borrowing could exceed $2 trillion this year.

via Mediaite|

#cbo #deficit #economy

business1 month ago•2 min saved

Medicare costs push July U.S. deficit to five-year high

The U.S. July budget gap rose to $432.3 billion, the largest for a July since March 2021, as a surge in Medicare costs and ongoing debt financing pushed the year-to-date shortfall toward about $1.8 trillion, surpassing the pace of 2025. Medicare July outlays were $174 billion (totaling $955 billion for the year), with Social Security at $141 billion and net interest at $104 billion in July. Timing effects — including a $99 billion nonbusiness-day acceleration — and $33 billion in tariff refunds also boosted outlays. Through ten months, debt financing remains a major expense; the government has paid $1.17 trillion on a $39.9 trillion debt, about $931 billion in net interest year-to-date, with $32.1 trillion held by the public.

via CNBC|

#business #debt #deficit