On Thursday’s edition of NBC’s “Meet the Press NOW,” Wisconsin Democratic gubernatorial nominee David Crowley responded to an ad from his opponent, Rep. Tom Tiffany (R-WI) criticizing him on spending and taxes by saying that “we’ve had to pick [up]
Rebalancing of America’s international accounts should have been a central policy objective of any presidential administration over the past three decades. The Trump administration, however, is the first to recognize this.
Treasury Secretary Scott Bessent on Wednesday said that Democrats are aiming to reverse many of the hard-fight gains President Donald Trump has achieved by reining in President Joe Biden’s historic levels of deficit spending.
If things don’t go well today France is heading to a “serious institutional crisis” , the French Prime Minister said.
On Thursday’s broadcast of the Fox News Channel’s “Special Report,” Treasury Secretary Scott Bessent said that he has sympathy for some members of the Senate who want more spending cuts, but the issue can’t be solved in a year and
Opponents of the One Big Beautiful Bill are turning once again to their most familiar weapon: the deficit forecast.
California Gov. Gavin Newsom (D) proposed Wednesday to spend $1 billion per year on the state’s failing high-speed rail project through cap-and-trade programs, even as his budget drowned in massive deficits.
Donald Trump and the Republicans have a mandate for new economic policy.
During an interview with CBS’s “60 Minutes” aired on Monday, 2024 Democratic presidential candidate Vice President Kamala Harris responded to a question on budget analysis that her economic plan would add trillions to the deficit by stating that “the other
During an interview with ABC News on Monday, Sen. Chris Murphy (D-CT) responded to a question on if he’s concerned that the economic plan laid out by 2024 Democratic presidential candidate Vice President Kamala Harris will initially add large sums
The 2024 federal budget deficit will climb to $1.9 trillion, thanks, in large part, to student loan “forgiveness.”
On Friday’s broadcast of the Fox News Channel’s “Your World,” Transportation Secretary Pete Buttigieg said that there is more work to be done on deficit reduction, President Joe Biden will continue to work on reducing the deficit, and that’s why
CLAIM: President Joe Biden claimed during his Thursday State of the Union address that he “cut the federal deficit by over one trillion dollars.”
Verdict: Misleading. Biden is only measuring his deficit cut against his own deficit spending.
California Gov. Gavin Newsom (D) is proposing to dip into the state’s “rainy day” fund to help fill the hole that is the state’s $38 billion deficit — a stunning shortfall, given a surplus of nearly $100 billion that the Golden State had enjoyed just a year before.
On Monday’s broadcast of CNBC’s “Squawk Box,” Treasury Secretary Janet Yellen acknowledged that we do need to have a fiscally responsible path, especially since “the higher interest rate environment does pose additional challenges” but we don’t need offsets for Israel
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that nothing “in the discussions
During an interview with Bloomberg on Thursday, Treasury Secretary Janet Yellen stated that the rise in Treasury yields that increases the cost of the U.S. government borrowing money isn’t largely connected to the deficit, but is largely “a reflection of
If you want to know why progress on bringing down inflation has stalled, a good starting place for your investigation would be the federal budget deficit.
China’s state-run Global Times on Wednesday celebrated the ouster of House Speaker Kevin McCarthy (R-CA) as further evidence of American democracy’s inferiority to Chinese fascism. A handy “Chinese expert” was quoted to describe the state of U.S. politics as “a host of demons dancing in riotous revelry.”
The debt ceiling deal between House Speaker Kevin McCarthy and President Joe Biden would amount to, if passed and enacted into law, the largest deficit reduction bill in American history, an official estimate forthcoming from the Congressional Budget Office (CBO) will show.
On Wednesday’s broadcast of the Fox News Channel’s “America Reports,” Rep. Ro Khanna (D-CA) reacted to California facing a budget deficit by criticizing the “mistake” California Gov. Gavin Newsom (D) made of “handing out checks well past COVID” and noted
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while there are many
On Thursday’s broadcast of “CNN This Morning,” Sen. Joe Manchin (D-WV) stated that while he’s pleased to see President Joe Biden trying to change the fiscal trajectory, “I can’t tell you” that the $3 trillion in deficit reduction over the
The draft budget produced by this year’s session of China’s rubber-stamp legislature, the National People’s Congress (NPC), includes $24.6 billion for “coronavirus control” — a rather extravagant sum given that Beijing suddenly dropped all of its “zero Covid” lockdown policies in December.
On Friday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Congressional Budget Office (CBO) Director Phillip Swagel stated that while it is mathematically possible to balance the federal budget within ten years without touching Social Security and other
On Wednesday’s broadcast of the Fox News Channel’s “The Story,” White House American Rescue Plan Coordinator and Biden Senior Adviser Gene Sperling argued that the $1.9 trillion American Rescue Plan reduced the deficit and the fact that “we did not
CLAIM: President Joe Biden claimed during the State of the Union that over the the last two years, he “cut the deficit by more than $1.7 trillion – the largest deficit reduction in American history.”
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that as the Federal Reserve tries to fight inflation,
‘Years’ of tax hikes are now on the cards as WEF-linked Prime Minister Rishi Sunak attempts to shore up the UK’s floundering finances.
On Friday’s broadcast of MSNBC’s “All In,” host Chris Hayes responded to the criticism of President Joe Biden’s student loan cancellation plan that the plan forces people to pay for other people’s loans by stating that “No one is paying”
On Wednesday’s broadcast of the Fox Business Network’s “Varney & Co.,” Sen. Rick Scott (R-FL) stated that the CHIPS Act semiconducter chip manufacturing bill is just going to boost inflation by adding to the deficit and debt and won’t produce a
During an interview aired on Tuesday’s “PBS NewsHour,” Commerce Secretary Gina Raimondo responded to concerns that the CHIPS Act semiconducter chip manufacturing bill isn’t paid for and would increase loans from China in the name of getting away from dependency
South Korean President Yoon Suk-yeol held a fiscal strategy meeting at a university near Seoul on Thursday. Yoon said it was time to “wake up from the fantasy of fiscal universalism” and realize that unlimited government spending is not the way to nourish a healthy economy.
The Taliban recently dissolved Afghanistan’s Human Rights Commission along with four other departments established by the country’s former, U.S.-backed government, Khaama Press News Agency reported on Tuesday citing an original report by Reuters.
Sri Lankan Prime Minister Ranil Wickremesinghe announced on Monday that his nation had “run out” of petroleum-based fuel during a national address in which he predicted that the next two months will be “the most difficult ones of our lives,” Agence France-Presse (AFP) reported.
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” MSNBC Economic Analyst Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said we need to “start dealing with the deficit as part of trying to bring down
Rep. Elissa Slotkin (D-MI) believes President Joe Biden’s $1.75 trillion Build Back Better Act is imperfect but said Friday that she voted for it anyway, noting that the Senate would likely “slim down” the behemoth legislation.
The Congressional Budget Office (CBO) found Thursday that the Democrats’ mammoth legislation would cost $750 billion over five years.
The bill would raise tax revenue by around $1.5 trillion over the coming decades, not enough to pay for the big-spending plans, social programs, and green new deal schemes in the Build Back bill.
On Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said he doesn’t “see good things economically on the horizon” and this is partially due to the large budget deficit the United States has. Maher said that he does think
