Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...
The federal government's budget deficit reached $2 trillion for the current fiscal year as the deficit has widened by nearly $100 billion from last year. The nonpartisan Congressional Budget Office ...
The U.S. government spent $173 billion more than it collected in revenues in November. But as bad as that sounds and is, it is nevertheless better than the $193 billion deficit posted in October and ...
MUSCAT: Dr Saeed bin Mubarak al Muharami, Professor of Finance at Sultan Qaboos University, said there is a difference ...
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President Trump is adhering to economic theory with regard to his tariff policies and trade deficits; with time it will pay off. He understands that America’s perennial trade deficits predispose to ...
In a three year-span, the Los Angeles County Office of Education sent 10 letters to Pasadena Unified School District warning it to address ongoing deficit spending. The letters, provided to this ...
There are significant fears over U.S. deficits and debt. But there is little evidence that this will lead to higher interest rates. Rather, we expect a slowdown in long-term GDP growth and potentially ...