European Commissioner for Economic Affairs Pierre Moscovici has defended the French government going over the EU three per cent deficit to GDP limit after attacking the Italian budget for approaching the same limit.
Spending jumped higher in 2018, so the budget deficit is higher despite a rise in tax revenue. There are no signs that this poses a risk to the Trump boom.
Director of National Intelligence Dan Coats warned the Senate Intelligence Committee on Tuesday about the risk posed by the national debt.
On Monday’s broadcast of CNN’s “New Day,” Representative Mo Brooks (R-AL) stated that the budget passed by Congress last week is the worst legislation he’s voted on in his time in Congress and no other bill is close. Brooks said, “Do
Treasury’s new report shows that boosting GDP growth to 2.9 percent would generate more revenue than is lost to tax cuts.
So long deficit neutrality?
Gov. Jerry Brown warned this week that despite record economic growth, California’s $122.8 billion budget will suffer its first deficit since 2012 due to spending growing twice as fast as the economy.
WASHINGTON–The government ran a $587 billion budget deficit for the just-completed fiscal year, a 34 percent spike over last year after significant improvement from the record deficits of President Barack Obama’s first years in office.
British Chancellor George Osborne has announced £3 billion of spending cuts and £1.5 billion of asset sales as the new Conservative government works to balance the budget. All this comes despite five years of coalition ‘austerity’ which still sees government spending
From Josh Zumbrun at the Wall Street Journal: The U.S. has come a long way since the days of trillion-dollar deficits, just a few years ago. The White House projects 2016 will have the smallest budget deficit in eight years.
