| 单词 | federal deficit |
| 例句 | There’s always profit-taking or the federal deficit or something or other to account for a bearish turn, and improved corporate earnings or interest rates or whatever to account for a bullish one. Innumeracy: Mathematical Illiteracy and Its Consequences 1988-01-01T00:00:00Z Instead, a compromise would include a complex mechanism that would attempt to guarantee that Congress will approve further reductions in the long-term federal deficit early in 2012. Debt crisis focus shifts to Senate 2011-07-30T03:46:00Z Even as he worked to hold an international coalition together through the Gulf War, Bush negotiated with Democrats to reduce the federal deficit. 'Destiny and Power' sheds light on George H.W. Bush and the country we've become 2015-12-09T05:00:00Z That problem of appearing to increase the federal deficit creates a reluctance to deal with the matter directly, Del Polito said. If the post office closed, would anyone miss it? 2011-09-10T13:48:00Z The two-phase plan would probably require Obama to argue for spending more money in the short term while reducing the federal deficit over a longer period. Obama jobs plan may include hiring tax break 2011-08-18T00:41:00Z It gets at the central flaw with Romneycare’s next-of-kin: the federal law that will drive insurance premiums and federal deficits into the stratosphere. Romneycare Official: 'I Would Never' Try to Reduce Health Costs 2011-10-27T18:20:39Z Stacey Price, 46, backed Romney as an experienced businessman who was financially savvy and best equipped to tackle economic problems like unemployment and the federal deficit. Romney takes early lead in Washington 2012-03-04T00:47:00Z Democrats are likely to reject the GOP approach, as they oppose cutting Medicare or other government programs unless they are part of broader efforts at federal deficit reduction. GOP: Charge wealthy more for Medicare 2011-11-30T23:02:00Z They are pressing Congress for increased funding for the National Endowment for the Arts despite the rising federal deficit. 'Housewives' star calls on Congress for arts funds 2010-04-13T18:41:00Z In a new ad in Iowa, Romney is describing the need to reduce the federal deficit as a "moral responsibility." GOP debate: Gingrich assailed by foes 2011-12-16T02:33:00Z This is because Kerrey believes, and Bai clearly agrees, that America’s most pressing crisis is the federal deficit, and the way to fix it is “entitlement reform.” Women Olympians: They’re hot! 2012-06-19T18:40:00Z Medicare is, along with the other government-run health care programs, the biggest driver of the federal deficit. Could Private Insurers Make Traditional Medicare More Efficient? 2012-08-21T04:07:16Z Former South Carolina Gov. Nikki Haley, who was Trump’s ambassador to the United Nations, called him “the right president for the right time,” but said he wasn’t now, chiding him for running up federal deficits. Live: 5 Republican candidates spar at debate, while Trump holds a rally nearby. Follow live updates 2023-11-08T05:00:00Z But the nonpartisan Congressional Budget Office warned that the loss of money to the IRS would reduce federal revenues by nearly $27 billion and add $12.5 billion to the federal deficit over the coming decade. New US House speaker faces early test on Israel, government funding 2023-11-01T04:00:00Z Worries about a growing federal deficit and increased supply have helped push yields higher. Wall St Week Ahead Frazzled U.S. stock investors eye frothy Treasury market as Fed looms 2023-10-27T04:00:00Z The back-and-forth started in a more ho-hum fashion with Mr. Scott turning to Ms. Haley to inform her he wants to address the federal deficit and debt with a balanced budget amendment. South Carolinians duke it out in GOP presidential debate 2023-09-27T04:00:00Z Those provisions alone could reduce the federal deficit by $237 billion over 10 years, the Congressional Budget Office has calculated. A peek at Big Pharma’s playbook that leaves many Americans unable to afford their drugs 2023-08-20T04:00:00Z Fitch, in its announcement of the downgrade, said the federal deficit is rising, spending is growing, tax revenue is slipping and efforts to trim the debt have been too timid. Credit downgrade for U.S government threatens to put the squeeze on Washington and the average Joe 2023-08-02T04:00:00Z About 70% of those surveyed also said they expected the federal deficit to grow over the next five years. Pew: Most adults side with GOP over Democrats on the economy 2023-06-22T04:00:00Z The Congressional Budget Office has estimated that such a move would add $2.5 trillion to the federal deficit over the next decade. House GOP panel releases budget that would "destroy Social Security as we know it" 2023-06-16T04:00:00Z Uncle Sam’s income has plummeted this year, sending the federal deficit spiraling deeper into the red than analysts had predicted and leaving officials grasping for answers. Spending is up, revenue is down as federal budget deficit tops $1 trillion 2023-06-12T04:00:00Z The IRS funding cuts will likely shrink government revenues by $2.3 billion over the next 10 years, triggering a $900-millionspike in the federal deficit, according to a report from the nonpartisan Congressional Budget Office. As IRS funding shrinks, California's wealthiest can breathe a bit easier 2023-06-07T04:00:00Z The legislation, which will cap some nondefense spending and suspend the debt for two years, will cut approximately $1.5 trillion from the federal deficit over the next decade, according to the nonpartisan Congressional Budget Office. House approves bipartisan deal to suspend debt limit, reducing fear of U.S. default 2023-05-31T04:00:00Z The C.B.O. had estimated that the more restrictive changes to food stamps in the House Republican bill would have reduced federal deficits by about $11 billion over a decade. Debt Ceiling Deal Includes New Work Requirements for Food Stamps 2023-05-29T04:00:00Z The new Republican speaker refused to raise any taxes to help offset federal deficits, including Biden’s proposals to roll back some of the Trump-era tax breaks for the wealthiest Americans and corporations. Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career 2023-05-27T04:00:00Z Republicans showed they were willing to crash the U.S. economy to make some bog-standard complaints about the federal deficit, most of which they created themselves through the 2017 tax cuts they enacted for the wealthy. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z Treasury to raise the government's $31.4 debt ceiling, with Democrats and Republicans still deeply divided on how to curb the federal deficit. Change in tone in U.S. debt talks could prompt rating action before default -Moody's 2023-05-24T04:00:00Z It’s not unprecedented for our two major political parties to use the federal deficit and debt as cudgels to beat each other, particularly during a time of divided government. Playing chicken on federal default risks a world economy fried 2023-05-12T04:00:00Z While calling for a “clean” increase to the debt limit, Biden has said he is open to discussion about how to reduce the federal deficit. Deal or default? Biden, GOP must decide what’s on the table 2023-05-08T04:00:00Z The GOP also wants to cut funding for the Internal Revenue Service, which would have the perverse effect of increasing the federal deficit. Column: With just weeks left to strike a deal, it's time to worry about the debt ceiling 2023-05-07T04:00:00Z McCarthy promised, as part of his speakership bid, to come up with a plan to eliminate the federal deficit within 10 years. Opinion | House Republicans walk the plank 2023-04-28T04:00:00Z Citing estimates from the Joint Committee on Taxation, the CBO projected that repealing the clean energy tax breaks would reduce federal deficits by about $570 billion over 10 years. What’s in the GOP bill to lift debt limit, cut spending 2023-04-26T04:00:00Z A nonpartisan Congressional Budget Office analysis released Tuesday showed the Republican plan would reduce federal deficits by $4.8 trillion over the decade if the proposed changes were enacted into law. McCarthy struggles for debt bill votes, makes late changes 2023-04-26T04:00:00Z The CBO released an analysis of the bill that shows if all the spending cuts are implemented, federal deficits would decline $300 billion more than House Republicans have predicted. CBO says McCarthy’s debt limit plan would cut deficits by $4.8 trillion, kick 600k off Medicaid 2023-04-25T04:00:00Z Cutting that spending would actually add to federal deficits, the Congressional Budget Office estimated. What’s in the House G.O.P. Debt Limit Bill 2023-04-20T04:00:00Z But this proposal is put forward as a way to reduce the federal deficit, not fight climate change. The ultra-rich are destroying the planet at ultrasonic speed 2023-04-19T04:00:00Z Speaking at the stock exchange in March 1985, Reagan called for low taxes and steep cuts to domestic spending, even though his plan still added to the federal deficit. Fiscal crisis nears as McCarthy takes debt ceiling plan to Wall Street 2023-04-17T04:00:00Z Republican leaders, including House Speaker Kevin McCarthy of California, also took Social Security and Medicare off the table in the current fight over cutting spending to trim runaway federal deficits and debt. Biden’s budget czar draws a blank on how to rescue Social Security from insolvency 2023-03-15T04:00:00Z That sounds like a lot, but it would reduce the federal deficit by only about 9%. Column: Biden's budget was an opening bid. Where's the Republican plan? 2023-03-12T05:00:00Z Mr. Biden unveiled the tax hikes Thursday in his annual budget proposal for fiscal 2024, which the White House claims will reduce the federal deficit by more than $3 trillion over the next decade. Biden dreams of more taxes, more IRS agents in his big-spending budget 2023-03-09T05:00:00Z Mr. Biden unveiled the tax hikes in his annual budget proposal for fiscal 2024, which the White House claims will reduce the federal deficit by more than $3 trillion over the next decade. Biden’s wish list includes slew of tax hikes on corporations, capital gains, income and the wealthy 2023-03-09T05:00:00Z President Biden’s upcoming budget proposal aims to slash nearly $3 trillion from the federal deficit over the next decade by hiking taxes on wealthy individuals and corporations, the White House said Wednesday. White House: Biden budget to cut deficit by $3 trillion through tax hikes 2023-03-08T05:00:00Z Biden ran in 2020 on putting money in people's pockets and rebuilding the middle class, and the U.S. federal deficit wasn't on a long list of campaign promises. Analysis: Biden's focus on deficit in budget is targeted at Republicans 2023-03-08T05:00:00Z The early discussions have come in the context of the budget, as GOP leaders look to deliver on their promise to eliminate the federal deficit over the next decade. Republicans take aim at food stamps in growing fight over federal debt 2023-02-16T05:00:00Z With pretty good reason: At precisely the same time that Republicans are raising a hue-and-cry about federal deficits, they’re proposing a measure that would massively worsen our fiscal challenges. Opinion | Here’s a dirty little secret about Trump’s tax cuts 2023-02-16T05:00:00Z It cuts the federal deficit by billions of dollars, by hundreds of billions of dollars, because these prescription drugs are drugs purchased by Medicare to make — keep their commitment to seniors. Full Transcript of Biden’s State of the Union Address 2023-02-08T05:00:00Z Charles Blahous, a researcher at George Mason University who studies the federal budget, tried in a recent paper to apportion blame to presidents and parties in Congress for the federal deficit at various times. How the U.S. Government Amassed $31 Trillion in Debt 2023-01-22T05:00:00Z The Congressional Budget Office estimates that the IRA's drug pricing provisions will reduce the federal deficit by $237 billion over the next decade. Drug companies favor biotech meds over pills, citing new U.S. law 2023-01-13T05:00:00Z Also missing from Republican rhetoric was a separate CBO finding that said their bill would add more than $114 billion to the federal deficit. Analysis: U.S. House Republicans favor message over substance in early legislation 2023-01-13T05:00:00Z Extending President Donald Trump’s individual tax cuts in full would add around $3 trillion to federal deficits over a decade, according to various estimates. Opinion | Here’s a dirty little secret about Trump’s tax cuts 2023-02-16T05:00:00Z The Republicans’ IRS bill ran into a snag ahead of votes because the budget office announced that rather than save money, it would add $114 billion to the federal deficit. Having elected House speaker, Republicans try governing 2023-01-09T05:00:00Z About 8 in 10 Americans foresee tax increases, economic difficulty and a growing federal deficit in 2023, the polling company reported Tuesday. Gallup: Americans feel ‘largely pessimistic’ about 2023 2023-01-03T05:00:00Z I hesitate to say “deficit” because this too closely aligns to ideas about the federal deficit, which is rarely a danger. Seattle City Council doesn’t lack money; it lacks focus on business 2022-11-11T05:00:00Z Many Republicans were wary of Walker’s baggage, he said, but they were more incensed about inflation, the student loan buyout and the $1.3-trillion federal deficit. In Georgia’s pivotal Senate race, Herschel Walker tests Republicans 2022-10-28T04:00:00Z Biden stressed that the federal deficit has declined on his watch, a rebuttal to Republicans who accuse him of being too loose with spending. Biden’s midterm ‘closing argument’: Look at the alternative 2022-10-24T04:00:00Z Biden also criticized congressional Republicans for pushing to expand the Trump tax cuts, arguing such a move would dramatically increase federal deficits. Biden touts plunging deficit as GOP prepares for spending fights 2022-10-21T04:00:00Z Do most voters think giving more tax breaks to rich people and to big corporations will fix inflation and not raise the federal deficit? A GOP wish list 2022-10-21T04:00:00Z In May, the Congressional Budget Office expected the federal deficit to fall in 2023 and then start to rise in the years ahead to $2.25 trillion a decade from now. Student debt forgiveness causes monthly deficit to jump 562% 2022-10-21T04:00:00Z Many economists say the GOP’s plans to expand the tax cuts flies against their promises to fight inflation and reduce the federal deficit, which have emerged as central themes of their 2022 midterm campaign rhetoric. GOP wants to push to extend Trump tax cuts after midterm elections 2022-10-17T04:00:00Z In full, this year’s deficit will decline by $1.7 trillion, representing the single largest decline in the federal deficit in American history, the Office of Management and Budget said in August. US starts fiscal year with record $31 trillion in debt 2022-10-04T04:00:00Z Biden has played down the cost of the cancellation plan, saying it would be offset by other measures to reduce the federal deficit, including his landmark Inflation Reduction Act. CBO: Biden’s student debt plan would cost $400 billion 2022-09-26T04:00:00Z Administration officials also claim the plan is “paid for” — because the federal deficit is set to shrink by at least $1.7 trillion this year compared with last year. Biden’s Student Loan Plan Sets Off Fierce Debate Among Economists 2022-08-30T04:00:00Z Biden has frequently emphasized that the Inflation Reduction Act would reduce the federal deficit, but projections from budget analysts showed student debt relief would erase some of those fiscal gains. How President Biden decided to go big on student loan forgiveness 2022-08-26T04:00:00Z The White House’s decision rejected the warnings of centrist Democratic economists — such as Larry Summers, the former Democratic treasury secretary — who have said it will increase inflation and add to the federal deficit. Biden to cancel up to $10,000 in student loans, $20K for Pell recipients 2022-08-24T04:00:00Z Critics said Mr. Biden lacks the authority to take the action, and that it will increase federal deficits and worsen inflation. Biden pushes back against critics of student loan cancelation, says plan ‘economically responsible’ 2022-08-24T04:00:00Z In full, this year’s deficit will decline by $1.7 trillion, representing the single largest decline in the federal deficit in American history, the Office of Management and Budget says. Biden administration forecasts $1.03T deficit, down $400B 2022-08-23T04:00:00Z As a result of the 2003 tax cuts, the growing federal deficit did not help make the case for Republicans. U.S. History 2014-12-30T00:00:00Z The Congressional Budget Office projected in July that an earlier version of the drug price legislation would reduce the federal deficit by $288 billion over 10 years — what Mr. Scott was referring to. Fact-Checking Health Claims About the Inflation Reduction Act 2022-08-19T04:00:00Z Champions of the sprawling law say it will improve Americans’ finances while reducing the federal deficit by $300 billion. 5 ways the Inflation Reduction Act could save you money 2022-08-16T04:00:00Z The vast legislation will lower prescription drug costs for seniors on Medicare, extend federal subsidies for health insurance and reduce the federal deficit. Biden Signs Climate, Health Bill Into Law as Other Economic Goals Remain 2022-08-16T04:00:00Z And billions will be left over to pay down federal deficits. What’s in big Biden bill? Health, climate goals become law 2022-08-16T04:00:00Z While his tax cuts pushed the United States into a chronically large federal deficit, many of his supply-side economic reforms stalled during his second term. U.S. History 2014-12-30T00:00:00Z The measure is paid for by new taxes on large companies and stepped-up IRS enforcement of wealthy individuals and entities, with additional funds going to reduce the federal deficit. Biden to sign massive climate, health care legislation 2022-08-15T04:00:00Z Democrats say it also can reduce the federal deficit by about $300 billion, but they have yet to furnish a final fiscal analysis. House passes Inflation Reduction Act, sending climate and health bill to Biden 2022-08-12T04:00:00Z And billions left over to pay down federal deficits. In Biden’s big bill: Climate, health care, deficit reduction 2022-08-11T04:00:00Z Democrats secured a major legislative win this week, with the Senate passing the Inflation Reduction Act to combat climate change, lower health-care costs, raise taxes on some billion-dollar corporations and reduce the federal deficit. Inflation eased in July from a year ago, as energy prices fell 2022-08-10T04:00:00Z Congressional Budget Office said the bill would decrease the federal deficit by a net $101.5 billion over that period. U.S. spending bill to cut inflation, deficit over time - Moody's 2022-08-08T04:00:00Z It was projected to lower the federal deficit by as much as $300 billion over a decade and could help lower costs for Americans in the long term. Senate Passes Climate and Tax Bill, With All Republicans Opposed 2022-08-07T04:00:00Z An analysis conducted by the Congressional Budget Office, the legislature’s nonpartisan bookkeeper, found the IRS provisions would knock $203 billion off the federal deficit, far more than what Democrats expected when they introduced the bill. Democrats’ $80 billion wager: A bigger IRS will be a better IRS 2022-08-06T04:00:00Z A report by the nonpartisan Congressional Budget Office released prior to that last change estimated the measure would reduce the federal deficit by a net $101.5 billion over the next decade. Analysis: U.S. Senate Democrats' bill will make mark on climate, healthcare costs 2022-08-06T04:00:00Z Those include taxing big business, restraining prescription drug prices, slowing climate change, helping families afford private insurance and trimming federal deficits. Dems change some tax provisions as they ready economic bill 2022-08-05T04:00:00Z Senate would decrease the federal deficit by a net $101.5 billion over the next decade, the nonpartisan Congressional Budget Office said on Wednesday. One and done? Some Democrats say Biden should not seek second term 2022-08-04T04:00:00Z Overall, the Congressional Budget Office said Wednesday the measure could trim federal deficits by around $305 billion. GOP targets for Dem bill: Inflation, taxes, Manchin, Sinema 2022-08-03T04:00:00Z The bill is projected to increase federal deficits by about $277 billion over 10 years. Senate approves bill to aid vets exposed to toxic burn pits 2022-08-02T04:00:00Z The bill is projected to increase federal deficits by about $277 billion over 10 years and does not include offsetting spending cuts or tax increases to help pay for it. Senate tees up vote on bill to aid vets exposed to burn pits 2022-08-02T04:00:00Z More than $300 billion would be left for trimming federal deficits. Dems seem headed, finally, toward triumph on climate, health 2022-07-30T04:00:00Z And it raises more than $300 billion that can be used to reduce the federal deficit. Democrats race to adopt climate, health deal after Manchin breakthrough 2022-07-28T04:00:00Z He said the new spending would create jobs, reduce the federal deficit and lower the costs of utility bills and prescription drugs for families struggling with inflation. Economy shrinks for second consecutive quarter as Biden mocks recession ‘chatter’ 2022-07-28T04:00:00Z It is projected to increase federal deficits by about $79 billion over 10 years. Senate passes bill to boost computer chip production in US 2022-07-27T04:00:00Z Biden said he wanted Democrats to quickly write and pass a measure limiting pharmaceutical prices, extending expiring subsidies for people buying health insurance and modestly reducing federal deficits. Partisan lines form over Dem drug price curbs, economic plan 2022-07-18T04:00:00Z The two lawmakers have been negotiating for months over a package that’s been expected to reach around $1 trillion over 10 years, with about half used to reduce federal deficits. Manchin wants Dems to pause budget bill, risking its fate 2022-07-15T04:00:00Z He rode the tea party wave of 2010 into the Senate, vowing to reduce the federal deficit and oppose the expansion of the federal government, including by repealing Obamacare. From tea party firebrand to Trump loyalist: Ron Johnson still running on battling Washington elites 2022-07-11T04:00:00Z He rejected GOP criticism that his trillions in new spending have contributed to high inflation, pointing to projections that the federal deficit will fall by $1.7 trillion this year. Biden rejects Musk’s ‘super bad feeling’ about economy: ‘There’s every reason… to feel confident’ 2022-06-03T04:00:00Z He also highlighted his administration’s moves to reduce the federal deficit, citing a Congressional Budget Office projection from last week that forecasts a $1.7 trillion reduction this year. Biden to meet with Powell, kick off economic messaging campaign 2022-05-31T04:00:00Z “My plan is to give The Federal Reserve the independence it needs to do its job, lower families’ costs, and lower the federal deficit,” he said, adding that tackling inflation is his top economic priority. Dow snaps 8-week losing streak with nearly 600-point pop 2022-05-27T04:00:00Z If the war drags on, as seems plausible, the U.S. may have to eventually decide whether to spend more even as inflation, huge federal deficits and a potential recession loom. Senate ships $40B Ukraine aid bill to Biden for signature 2022-05-19T04:00:00Z On Sunday, he kept it up, sharing a post that criticized Biden’s claims to have reduced the federal deficit. Jeff Bezos spars with Biden White House over inflation 2022-05-16T04:00:00Z She’ll face reporters on camera nearly every day, fielding questions on everything from immigration and abortion rights to the Iran nuclear deal and the federal deficit. Karine Jean-Pierre steps into the bright White House spotlight 2022-05-16T04:00:00Z He praised the $1 trillion bipartisan infrastructure package, noted the federal deficit and unemployment were falling while lambasting Republicans as extremists. Biden raised $7.8M since March ahead of bigger money push 2022-05-13T04:00:00Z For months, Mr. Biden has claimed credit for bringing down the federal deficit and has promoted raising taxes on corporations and the affluent, saying they have not paid their fair share. Biden Says Inflation Is His ‘Top Domestic Priority’ and Lashes Out at G.O.P. Plan 2022-05-10T04:00:00Z “Let me remind you again: I reduced the federal deficit,” Mr. Biden said in remarks from the White House. Biden touts efforts to reduce the federal deficit, says they will improve the economy 2022-05-04T04:00:00Z There is less fiscal support as the federal deficit will likely be lower this year. Drop in US GDP challenges Biden’s pitch to voters 2022-04-28T04:00:00Z Sweeping student loan forgiveness is anathema for many Republicans and others concerned about its costs to the government at a time of huge federal deficits. Dem lawmaker: Biden suggests he’ll ease student loan burden 2022-04-27T04:00:00Z The tax cuts were forecast to greatly increase the federal deficit. OBITUARY Orrin Hatch, the genteel Republican senator, is dead at 88 2022-04-24T04:00:00Z Yes, it increases the federal deficit and debt. Washington’s devious detours for drivers 2022-04-13T04:00:00Z The Congressional Budget Office estimated that the act would reduce the federal deficit by nearly $3 billion over the next decade. House votes to decriminalize cannabis 2022-04-01T04:00:00Z That budget line allows for unlimited spending and unlimited revenue related to the legislation, so long as it does not increase the federal deficit. Missing From Biden’s Budget: His Signature Policy Agenda 2022-03-28T04:00:00Z Mr. Biden said the hike is needed to meet the White House’s goal of reducing the federal deficit by more than $1 trillion. Biden’s $5.8T budget proposal calls for raising the corporate tax rate to 28% 2022-03-28T04:00:00Z He is expected to unveil a new budget proposal on Monday, which includes a renewed focus on cutting the federal deficit and a populist proposal to increase taxes on the wealthiest Americans. Biden finds no respite at home after returning from Europe 2022-03-27T04:00:00Z Biden’s budget proposal will also cut the federal deficit by more than $1 trillion over the next decade, according to a White House document. President Biden to unveil new minimum tax on billionaires in budget 2022-03-26T04:00:00Z Critics argue that the overall $5 trillion effort has added to a ballooning federal deficit and helped propel rapid inflation. Millions in Stimulus Aid, and Clashing Over How to Spend It 2022-03-11T05:00:00Z The largesse has been enabled, in part, by both parties’ relaxed attitudes toward gargantuan federal deficits. Ukraine aid, huge budget bill near final OK in Senate 2022-03-10T05:00:00Z Overall, the new spending significantly expanded the federal deficit. Biden’s deficit reduction pledge undercut by pushing for trillions in new social welfare spending 2022-03-06T05:00:00Z The plan includes making more products in America, bolstering the supply chain, reducing the federal deficit and eliminating barriers to job creation. Biden to tout importance of NATO, address inflation in State of the Union address 2022-03-01T05:00:00Z The federal deficit also exploded under Trump, in part as a result of the coronavirus pandemic but also because of the 2017 GOP tax cuts. House GOP plots policy agenda for 2022 midterm elections — with help from architect of 1994 plan 2022-01-20T05:00:00Z Other Republicans argue that extending the credit long-term will increase the federal deficit. Why Isn’t Biden’s Expanded Child Tax Credit More Popular? 2022-01-05T05:00:00Z They may face an uphill battle in the narrowly divided chamber, where past attempts to provide aid for restaurants and other industries have faltered amid GOP concerns about adding to the federal deficit. Lawmakers begin talks on another round of coronavirus relief for businesses 2022-01-05T05:00:00Z Manchin's opposition, Frankenberry said, stems from the need to respond to the political pressures of representing an increasingly conservative state — and arguments from conservative commentators that Medicare is becoming insolvent and increasing the federal deficit. West Virginia Sen. Manchin takes the teeth out of Democrats’ plan for seniors’ dental care 2021-12-16T05:00:00Z He also expressed dismay at a Republican-requested analysis that said the legislation would add an additional $3 trillion to federal deficits if all its programs were made permanent. Manchin: Democrats should prioritize, curb cost of $2T bill 2021-12-13T05:00:00Z The CBO estimated that the Build Back Better Act would increase the federal deficit by $3 trillion over 10 years if all of the included provisions were made permanent, according to the report. Democrat, GOP lawmakers seek favor with Manchin over social welfare bill 2021-12-12T05:00:00Z The Congressional Budget Office warned on Friday that President Biden’s mammoth social welfare and climate change bill will add $3 trillion to the federal deficit if all of its programs are made permanent. CBO warns Biden’s social welfare bill threatens to add $3 trillion to the deficit 2021-12-10T05:00:00Z “This government should be shut down,” Greene said, citing a need to rein in the federal deficit only days after she called for denying funding for enforcing the vaccine and testing rules. Congress passes stopgap spending bill, averting shutdown despite GOP revolt on vaccine requirements 2021-12-02T05:00:00Z And it’s true: Over the past two decades, federal deficits and debt grew dramatically, but interest rates and inflation stayed low. Opinion | Powell’s next term could include the biggest test for central banking since Volcker 2021-11-23T05:00:00Z The Democrat-controlled House voted to approve the more than 2,000-page bill only hours after the Congressional Budget Office determined it will add upwards of $367 billion to the federal deficit. Fate of Democrats’ $2 trillion tax-and-spend wishlist in limbo in Senate 2021-11-21T05:00:00Z This number reflected the amount of money Republicans added to the federal deficit as part of the budget process that allowed them to bypass a Democratic filibuster. How Much Does Biden’s Spending Bill Actually Cost? 2021-11-20T05:00:00Z It found that, despite the roughly $1.75 price tag attached to the bill, if all of the proposed programs continue over the next 10 years, the federal deficit would balloon by $3 trillion. CBO warns Biden’s social welfare bill threatens to add $3 trillion to the deficit 2021-12-10T05:00:00Z The budget office predicted that the total impact on the federal deficit from the bill would be $367 billion over 10 years. Social Policy Bill Will Add to Deficit, C.B.O. Says; Democrats Delay Vote 2021-11-18T05:00:00Z The House inched toward a final vote after the nonpartisan Congressional Budget Office said the package would worsen federal deficits by $160 billion over the coming decade. House moves toward OK of Dems’ sweeping social, climate bill 2021-11-18T05:00:00Z The vote came shortly after the CBO, a nonpartisan federal agency, released a report showing it would add more than $367 billion to the federal deficit over the next 10 years. Fate of Democrats’ $2 trillion tax-and-spend wishlist in limbo in Senate 2021-11-21T05:00:00Z The White House economic team has produced its own forecast showing the legislation reducing - not increasing - the federal deficit by $36.3 billion over a decade. Factbox: Rival estimates on the cost of Biden's $1.75 trillion social spending bill 2021-11-19T05:00:00Z The statement came out just after the non-partisan Congressional Budget Office, charged with evaluating the cost of legislation, found that the bill would raise the federal deficit by $367 billion over the next decade. White House says social spending package would cut deficit by $112 bln over 10 years 2021-11-19T05:00:00Z The nonpartisan federal agency found that the legislation would add more than $367 billion to the federal deficit over the next 10 years. Nancy Pelosi rushes toward vote on Biden’s social welfare bill despite deficit report 2021-11-18T05:00:00Z They demanded to first see CBO’s official estimate of the bill, mainly to see if the agency thinks it would worsen already huge federal deficits. With Dems’ prized bill at stake, a numbers game looms ahead 2021-11-12T05:00:00Z A Fox News poll in October found that 53 percent of registered voters were extremely concerned about inflation and higher prices, exceeding 11 other concerns including unemployment, the federal deficit and crime. Inflation puts White House on defensive as Manchin raises concerns about new spending 2021-11-10T05:00:00Z A Fox News poll in October found that 53% of registered voters were extremely concerned about inflation and higher prices, exceeding 11 other concerns including unemployment, the federal deficit and crime. Inflation puts White House on defensive as Manchin raises concerns about new spending 2021-11-10T05:00:00Z Hang-wringing over federal deficit spending helps explain why America’s social programs are so meager compared with those in other developed countries. Column: Billionaire anti-deficit hawks are already attacking Biden's spending plan. Ignore them 2021-11-10T05:00:00Z The C.B.O. has a thankless and at times herculean job: They estimate the effects of bills on individuals, states, the economy and the federal deficit. 2,000 Pages and Pronto! Budget Scorekeepers Are Under Pressure 2021-11-05T04:00:00Z They say not only are the revenue estimates off, but the bill actually adds more than $750 billion to the federal deficit over the next decade. Biden bill on social welfare, climate change estimated to kill 103K jobs, raise taxes on 80% of U.S. 2021-11-02T04:00:00Z By the administration’s calculations, the $1.2 trillion infrastructure bill and the $1.75 trillion Build Back Better plan combined would add nothing — zip! zero! nada! — to the federal deficit. Opinion | ‘Let’s go Brandon’ is Republicans’ vulgar governing agenda 2021-10-29T04:00:00Z On the other side, groups pressing to reduce federal deficits urge switching to an alternate inflation measure that factors in consumers’ habit of substituting cheaper goods when prices rise. EXPLAINER: Why Social Security COLA will jump next year 2021-10-12T04:00:00Z What Manchin is promoting is an ideological claim about the federal deficit. Column: Today's deficit fears are baloney, as they always have been 2021-09-03T04:00:00Z Many Republicans resisted these investment and improvements, citing the impact on the federal deficit and taxes. Why did Ida cause so much less damage than Katrina? Because government did its job 2021-09-01T04:00:00Z Republicans say the legislation will only exacerbate inflation, kill the current economic recovery, and drive up the federal deficit. ‘Long, hot summer’: Pelosi recalls House Dems as pressure mounts on $3.5T spending bill 2021-08-11T04:00:00Z Overall, the nonpartisan agency estimates the legislation will add $256 billion to the federal deficit. ‘Infrastructure day’: Senate approves Biden’s $1.2 trillion roads and highways bill 2021-08-10T04:00:00Z The bill would increase the federal deficit by $256 billion over 10 years, according to a nonpartisan estimate from the Congressional Budget Office. Senate clears a key infrastructure bill hurdle as it nears final vote 2021-08-07T04:00:00Z The bipartisan infrastructure deal moving through the Senate would increase the federal deficit by hundreds of billions of dollars, Congress’s nonpartisan scorekeeper said Thursday, contradicting the claims of the plan’s authors. Senate infrastructure deal would add hundreds of billions of dollars to the deficit, CBO says 2021-08-05T04:00:00Z The federal deficit topped a record $3 trillion last year due to the surge of federal spending authorized to respond to the coronavirus pandemic. Senate infrastructure deal would add hundreds of billions of dollars to the deficit, CBO says 2021-08-05T04:00:00Z The financing is critical to lawmakers from both parties on Capitol Hill, some of whom seem disinclined to support a bill that adds to the federal deficit. Prospect of massive economic packages unleashes lobbying bonanza in Washington 2021-08-04T04:00:00Z Instead, The CBO estimated that even including increased economic activity, that measure will drive up federal deficits by $1.9 trillion over a decade. Beware of budget gimmicks in push for massive spending deals 2021-07-24T04:00:00Z The Congressional Budget Office estimates that the federal deficit will reach $3 trillion in the current fiscal year that ends on Sept. 30, topped only by the $3.1 trillion deficit in fiscal 2020. House GOP seeks budget caps as check to Biden’s ‘harmful spending agenda’ 2021-07-22T04:00:00Z At the moment, the feat may be impossible unless the package is paid for without borrowing new money and increasing the federal deficit. Democrats look to dump Trump tax cuts to fund ‘human infrastructure’ package 2021-07-13T04:00:00Z The federal deficit will hit $3 trillion in 2021 for the second consecutive year, primarily because of the national spending blitz in response to the coronavirus pandemic, the Congressional Budget Office said Thursday. U.S. deficit to hit $3 trillion in 2021, then fade as stimulus relief expires, CBO says 2021-07-01T04:00:00Z His group advocates for reducing federal deficits, and Goldwein adds that “it’s my hope they abide by the basic rule that you pay for what you’re willing to spend.” Democrats see springboard for health care in high court win 2021-06-19T04:00:00Z That’s according to estimates by the nonpartisan Committee for a Responsible Federal Budget, which advocates for reducing federal deficits. To curb drug prices, Democrats still seeking a balance 2021-06-12T04:00:00Z To the contrary, it’s risky to ignore the long-run finances of old-age programs, and the federal deficits and debt to which they contribute. Opinion | Biden and Trump agree more than you think 2021-05-18T04:00:00Z Trump signed off on bipartisan spending plans that, combined with the tax cuts he signed into law in late 2017, swelled the federal deficit to record levels. Biden requests large boost in domestic spending for the next budget year 2021-04-09T04:00:00Z He defended the tax increases as necessary to pay for infrastructure investments that America needs and to help reduce the federal deficit over the long term. Biden’s tax plan aims to raise $2.5 trillion, end profit-shifting 2021-04-07T04:00:00Z The White House’s stance is that higher taxes would offset concerns about adding to the federal deficit. What’s in Biden’s $2 trillion jobs and infrastructure plan? 2021-03-31T04:00:00Z The tax measures help Biden address concerns that his spending package would add to an already large federal deficit, but provoked a torrent of opposition from GOP lawmakers and business groups. White House unveils $2 trillion infrastructure and climate plan, setting up giant battle over size and cost of government 2021-03-31T04:00:00Z But the federal deficit this year is projected to be $3.4 trillion — even higher than last year’s record-breaking $3.1 trillion — and no one seems to much care. Opinion | No one seems bothered by massive deficits. And that bothers me. 2021-03-29T04:00:00Z It is a truly staggering sum — more than half of the projected federal deficit over the same period. Opinion | How to Collect $1.4 Trillion in Unpaid Taxes 2021-03-20T04:00:00Z The bill lawmakers passed on Friday exempts the relief package from being counted against a budget scorecard that triggers “sequestration” cuts to offset projected increases in the federal deficit from new legislation. House votes to avert deep spending cuts, including to Medicare, resulting from $1.9T relief package 2021-03-19T04:00:00Z Treasury Secretary Janet Yellen signaled over the weekend that the administration is eyeing ways to try to tame federal deficits like hiking taxes on corporations and wealthier individuals. Biden wants wealthy, corporations to pay their ‘fair share’ in taxes: White House 2021-03-15T04:00:00Z Correction: An earlier version of this story misstated the federal deficit for 2008, which was $469 billion and projected to grow significantly in the next year. ‘We need the government’: Biden’s $1.9 trillion relief plan reflects seismic shifts in U.S. politics 2021-03-07T05:00:00Z The benefit could prove costly, increasing the federal deficit by as much as $120 billion for one year, according to estimates by the Committee for a Responsible Federal Budget, a nonpartisan group. Senior Democrats drafting plan to give parents at least $3,000 per child in Biden stimulus 2021-01-22T05:00:00Z It would also add some $350 billion or more to a federal deficit that is already into the trillions of dollars. Editorial Roundup: US 2020-12-30T05:00:00Z Republicans tied their objections to concerns about the federal deficit. Column: The COVID relief bill isn't nearly big enough 2020-12-21T05:00:00Z We are encouraging our enemies by these distracting actions and urgently need a united front to address the critical issues facing our nation, such as coronavirus response, federal deficits, national security and our environment. Opinion | When the president tries to steal an election 2020-12-13T05:00:00Z A bloc of centrist Democrats balk at the price tag, and Republicans are thrown into a frenzy warning about the impact to the federal deficit. ‘We need the government’: Biden’s $1.9 trillion relief plan reflects seismic shifts in U.S. politics 2021-03-07T05:00:00Z After the red ink of the Reagan years, the mantra of the 1990s was that federal deficits were toxic. Opinion | Inflation could make a comeback. If it does, Joe Biden will pay the price. 2020-12-08T05:00:00Z The argument that a larger stimulus package would dangerously run up the federal deficit, coming from a Republican Party that has padded the deficit by $6.6 trillion in the last four years, is dishonest. Illinois Editorial Roundup: 2020-12-08T05:00:00Z After years of swelling federal deficits, they’ve suddenly remembered their aversion to debt. Opinion | Trump lays the groundwork for a massive government purge on his way out the door 2020-11-30T05:00:00Z If a ballooning federal deficit, tax breaks for the wealthy, rising income inequality, structural racism and cowboy diplomacy sound familiar, it's because they were big issues in the 2020 presidential race. How Reagan’s notions of a "good society" resonate with Trump supporters today 2020-11-15T05:00:00Z Budget hawks in both parties are also expected to put pressure on their leaders to rein in spending after pandemic relief packages caused the federal deficit to skyrocket. Biden has a bold agenda, but a divided Congress could constrain him 2020-11-09T05:00:00Z Conservatives really do worry about the danger of a federal deficit that is larger than the economy for the first time since the Second World War. Pelosi, Mnuchin try to jam Senate GOP 2020-10-01T04:00:00Z What has grown — to an extent previously unseen in peacetime — is the federal deficit, which has deepened every year under Trump. Opinion | Trump must think autoworkers are stupid 2020-09-11T04:00:00Z Biden has suggested he would emulate big-spending Franklin D. Roosevelt, but aides have also said he’s deeply mindful of the federal deficit. Biden’s flexibility on policy could mean fierce fights if he wins 2020-09-06T04:00:00Z His tax cuts will add $2 trillion to the federal deficit. 40 of Trump's biggest broken promises 2020-09-03T04:00:00Z The surge in federal spending this year is primarily responsible for the much higher federal deficit, the CBO said. U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds 2020-09-02T04:00:00Z And he’s been disappointed by Trump’s failure to address the pandemic and the federal deficit. GOP voters say they enjoy the ‘Trump Show’ but want to see a plan for second term 2020-08-26T04:00:00Z It could also embolden the faction of the Senate Republican caucus that is pushing for no additional federal deficit spending. As Jobs Report Looms, White House and Congress Say Stark Divisions Remain Over Stimulus Plan 2020-08-06T04:00:00Z That would be offset partially by some revenue-raising measures, including reversing some Trump tax cuts, but the Biden plans would still almost certainly end up increasing the federal deficit. Biden plans, addressing issues from climate to elder care, near $10 trillion price tag 2020-07-22T04:00:00Z With Republicans in charge of the Senate and mounting concerns over exploding federal deficits, passage of this legislation is an uphill climb. Schumer unveils $350B Economic Justice Act to fight 'systemic racism' 2020-07-16T04:00:00Z The annual federal deficit in 2020 is expected to equal roughly 16 percent of the nation’s GDP, which would be the largest amount since 1945. U.S. government debt will nearly equal the size of the entire economy for first time since World War II, CBO finds 2020-09-02T04:00:00Z With the federal deficit hitting a historic high in June, Republicans are likely to object to big-ticket spending. McConnell: GOP virus aid for schools, others out next week 2020-07-14T04:00:00Z However, the president’s broader plan for pumping $1 trillion into infrastructure improvements faces opposition from Senate Republicans, who are concerned about spiraling federal deficits, The Hill reported. Trump touts nearly $1B in US infrastructure plans, proposals 2020-06-19T04:00:00Z Expenditures for the bill would be considered on an emergency basis, so as not to count against federal deficits. Senate GOP to propose policing changes in ‘Justice Act’ 2020-06-16T04:00:00Z Largely due to the coronavirus relief spending, the federal deficit is soaring on its record-setting pace for the fiscal year that ends Sept. 30. Trump, Senate Republicans delay action on coronavirus relief spending 2020-06-14T04:00:00Z Republican leaders have signed off on federal deficits so gargantuan – this year it will top a trillion dollars – they would make Franklin D Roosevelt blush. Are they gone for good? The Trump supporters who regret their vote 2020-06-09T04:00:00Z This year’s White House budget report is expected to include data on federal spending, along with information on enacted legislation, but not an annual federal deficit projection, the White House officials said. Breaking precedent, White House won’t release formal economic projections this summer that would forecast extent of downturn 2020-05-28T04:00:00Z Mr. Trump has repeatedly vowed to protect federal entitlement programs like social security and Medicare, which budget analysts across the political spectrum cite as the key drivers of federal deficits and debt. Mick Mulvaney: We need to get spending under control moving forward 2020-05-26T04:00:00Z While congressional Republicans are worried that the packages will significantly add to the federal deficit, Mr. Powell said this was not the moment to fret over government spending. Fed Chair Warns the Economy May Need More as Congress Hesitates 2020-05-13T04:00:00Z Bulging federal deficits may force a reversal of years of big defense spending gains and threaten prized projects like the rebuilding of the nation’s arsenal of nuclear weapons. Bulging deficits may threaten prized Pentagon arms projects 2020-05-12T04:00:00Z The non-partisan Congressional Budget Office said last month it expects the U.S. federal deficit to nearly quadruple to a record $3.7 trillion this fiscal year, as the country combats the effects of the coronavirus outbreak. Explainer: Fed funds futures market sees negative rates by next April 2020-05-08T04:00:00Z The Congressional Budget Office says the federal deficit this year is now expected to quadruple to $3.7 trillion, or a stunning 17.9% of GDP. Editorial Roundup: New York 2020-04-29T04:00:00Z But Massie acknowledged that the bills, while adding billions to the federal deficit, have been “very popular in America.” Rep. Massie says election year causing GOP colleagues to ‘abandon’ conservative principles 2020-04-28T04:00:00Z Last year’s annual federal deficit clocked in at just under $1 trillion. Reporter's Notebook: Coronavirus and the era of big government 2020-04-26T04:00:00Z The federal deficit tripled its initial estimate of $1 trillion before the virus hit, and will now reach roughly $3.7 trillion. Capitol Hill lawmakers at odds over ‘phase four’ recovery package 2020-04-26T04:00:00Z The deficit projection is more than double the $1.4 trillion budget deficit the U.S. racked up in 2009, the highest one-year federal deficit in terms of gross dollars in U.S. history. DC on spending binge with no plan to cut back, as debt held by public to top GDP by year’s end 2020-04-24T04:00:00Z In these days of multitrillion-dollar federal deficits, a windfall of a billion dollars or so for the treasury may sound like a rounding error. Perspective | Trump could make crashing oil prices a win for American taxpayers. Here’s how. 2020-04-20T04:00:00Z The deficit projection is more than double the $1.4 trillion budget deficit the U.S. racked up in 2009—the highest one-year federal deficit in terms of gross dollars in U.S. history. Rep. Massie says election year causing GOP colleagues to ‘abandon’ conservative principles 2020-04-28T04:00:00Z We face a looming trillion-dollar federal deficit caused almost entirely by the rising costs of Medicaid and Medicare, even without the recent coronavirus relief bill. Opinion | America Can Afford a World-Class Health System. Why Don’t We Have One? 2020-04-14T04:00:00Z Or remember when Rick Perry sympathized with Texans who were ready to secede from the union over… wait for it… excessive federal deficit spending? Incumbency advantages grow in era of weak parties 2020-04-14T04:00:00Z This is more than double the $1.4 trillion budget deficit the U.S. racked up in 2009, the highest one-year federal deficit in terms of gross dollars in U.S. history. Trump set to preside over record spending, deficits as coronavirus costs explode 2020-04-14T04:00:00Z But the MMT-ists have noticed that a dozen years of massive federal deficit spending, going back to the Great Recession, have produced only meager inflation. Opinion | So long, balanced budgets. Everyone’s into endless spending now. 2020-04-07T04:00:00Z And let’s not hear any talk that senators want to “protect taxpayers,” or are worried about the federal deficit. Recent Missouri editorials 2020-03-31T04:00:00Z Viewed as an obstructionist even by some Republicans, Dr. Coburn considered himself a fiscal hawk at all costs amid a billowing federal deficit and the growing cost of entitlement programs. Tom Coburn, unyielding ‘Dr. No’ of the House and Senate, dies at 72 2020-03-28T04:00:00Z Known for bluntly speaking his mind, Coburn frequently criticized the growth of the federal deficit and what he said was excessive government spending endorsed by politicians from both political parties. Former Sen. Tom Coburn, known as a political maverick, dies 2020-03-28T04:00:00Z Yet Trump, overseeing a humming economy for the first three years of his presidency, didn't use that time to reduce the federal deficit, but instead increased the pace of federal deficit spending. Trump set to preside over record spending, deficits as coronavirus costs explode 2020-04-14T04:00:00Z That's why Ernst sees an opportunity to inject hundreds of millions of dollars into the federal government's coronavirus response without increasing the federal deficit or charging taxpayers. Sen. Joni Ernst: Direct unused campaign funds toward coronavirus response 2020-03-20T04:00:00Z Though Mr. Ratcliffe initially ran as a Tea Party deficit hawk, Mr. Trump won 76 percent of his district, and he followed the president’s lead as the federal deficit surged. With Intelligence Nominee, Trump Ensures an Ally Will Have the Post 2020-03-19T04:00:00Z Trump’s mind-set aligns with a broader GOP move away from the alarmism about federal deficits toward a more blasé view about government red ink, a shift that predates the coronavirus. Trump’s $1 trillion stimulus is a gamble for reelection — and a sea change for Republicans once opposed to bailouts 2020-03-18T04:00:00Z For both humanitarian and macroeconomic reasons, this situation calls for a substantial fiscal response to augment the Fed’s actions, in spite of understandable concerns about the already worrisome federal deficit. Opinion | Congress, go big before you go home 2020-03-12T04:00:00Z But as was predictable, critics of Social Security used that temporary transfer to argue that the program contributed to the federal deficit. Column: Trump's possible payroll tax cut would hurt Social Security without helping workers 2020-03-10T04:00:00Z Kelton estimates the jobs guarantee would increase the federal deficit by about 1.5% of gross domestic product while ensuring the elusive goal of full employment. Sanders presidency could start with $300 billion U.S. jobs program: adviser 2020-02-27T05:00:00Z Trump’s economists predict the federal deficit will top $1 trillion this year. White House economists predict growth won’t hit Trump’s 3 percent target unless big changes occur 2020-02-20T05:00:00Z Mr. Trump misleadingly projects a future of declining federal deficits in part by claiming economic growth significantly exceeding consensus forecasts. Opinion | Trump’s proposed budget is entirely dishonest — except in its alarming clues about a second Trump term 2020-02-11T05:00:00Z Even with all the other proposed spending cuts, the budget would fail to eliminate the federal deficit over the next 10 years, missing a longtime GOP fiscal target. Trump offers $4.8 trillion budget plan that seeks big cuts to domestic programs 2020-02-10T05:00:00Z The Trump administration has mostly avoided proposing significant spending cuts in its first three years, with the federal deficit reaching $984 billion in 2019 according to the Congressional Budget Office. Trump budget touches off new battle over spending cuts 2020-02-10T05:00:00Z Trump projects that his spending cuts would reduce the federal deficit to $966 billion rather than the previously projected $1.1 trillion. Column: Trump's budget proposal shreds Social Security and Medicaid benefits 2020-02-10T05:00:00Z If passed, Trump’s budget would have little impact on the federal deficit, which the administration has promised to eliminate by 2028, a goal it has now sidestepped for the third time in as many years. Trump submits $4.8tn budget proposal despite no chance of it passing 2020-02-10T05:00:00Z The White House promised to close the federal deficit over a similar amount of time in its budget last year, after abandoning its initial pledge to close the budget deficit in 10 years. Trump budget plan would fail to eliminate deficit over 10 years, briefing document shows 2020-02-09T05:00:00Z He talks about tackling federal deficits and debt but offers a liberal policy solution of tax increases on the wealthy and carbon emissions that some analysts warn would blunt economic growth. Pete Buttigieg runs as a moderate while championing far-left policies 2020-02-09T05:00:00Z It strongly advocated Keynesian economics — including the importance of federal deficit spending during periods of high unemployment. Opinion | How Politics Plays Out in Textbooks 2020-02-08T05:00:00Z The only phenomenon even close was Ross Perot, who used his fortune to pay for half-hour TV infomercials about the federal deficit in 1992. ‘We’re in trouble’: How some Democrats have learned to stop worrying and love a gazillionaire 2020-02-07T05:00:00Z Mr. Walsh mentioned that President Trump, despite promising fiscal responsibility, had presided over an increase in the federal deficit greater than that under President Barack Obama. Joe Walsh Also Wants to Beat Donald Trump 2020-02-03T05:00:00Z As a presidential candidate, Trump said he would eliminate not just the annual federal deficit but all debt held by the United States after eight years in office. Trump budget plan would fail to eliminate deficit over 10 years, briefing document shows 2020-02-09T05:00:00Z The federal deficit will reach $1 trillion this year and remain above that level for the rest of this decade, the government’s official scorekeeper said Tuesday, highlighting an ever-worsening fiscal picture. Federal deficit to hit $1 trillion this year 2020-01-28T05:00:00Z They won’t fix the crushing federal deficit, which is bankrupting our children’s future. Opinion | Lawmakers aren’t solving our looming financial problems 2019-12-26T05:00:00Z The president has blown away traditional GOP concerns over the rising federal deficit, cutting bipartisan deals to expand government spending and even extend a new paid-leave benefit to the federal workforce. Trump’s quest to shatter GOP economics reached its culmination in 2019 2019-12-27T05:00:00Z Meanwhile, the federal deficit—or the annual budget shortfall—is more than $1 trillion. National debt disappears as 2020 campaign issue – but it keeps growing 2019-12-25T05:00:00Z A former member of the fiscally conservative Freedom Caucus in the House, Lummis said another big motivation is to try to reduce the federal deficit. Liz Cheney undecided, Lummis dominates Wyoming Senate race 2019-12-25T05:00:00Z Americans were promised, for instance, that the tax cuts wouldn’t add a penny to federal deficits. Opinion | Happy Birthday, GOP tax cuts. Welcome to your terrible twos. 2019-12-19T05:00:00Z Social Security and the federal deficit affect more people than the pension funds or the Pension Benefit Guaranty Corp. Opinion | Lawmakers aren’t solving our looming financial problems 2019-12-26T05:00:00Z They squandered it by passing massive tax cuts for the rich and for corporations, many of which — such as Amazon — pay no federal income tax, ballooning the federal deficit, now at $779 billion and climbing. The great American shakedown 2019-12-15T05:00:00Z Some liberals have gravitated toward “Modern Monetary Theory,” which says the national debt and federal deficits essentially don’t matter under certain circumstances. Democrats’ ‘free stuff’ promises muffle calls to rein in national debt 2019-11-28T05:00:00Z During the Obama years, the tea party took off here, with the ballooning federal deficit becoming a rallying cry against the Democratic president. Is Trump’s base breaking over impeachment? The tale of a congressman’s defiance suggests not. 2019-10-31T04:00:00Z Peterson’s concerns about the federal deficit and government debt levels made him a critic of spending on “entitlement” programs such as Social Security, Medicaid and Medicare. Column: An anti-deficit group tells a scary story on 'Medicare for all,' but is it the whole story? 2019-10-30T04:00:00Z America’s expanding federal deficit is an anomaly among developed nations around the world. The U.S. deficit hit $984 billion in 2019, soaring during Trump era 2019-10-25T04:00:00Z He was cornered by the Conservative leader over federal deficit spending and the costs of the Liberal platform, which Mr Scheer said was "simply written on the corner of a napkin". Key takeaways from final Canadian election debate 2019-10-11T04:00:00Z Earlier this year, the Treasury Department projected the federal deficit would exceed $1 trillion, an increase from $779 billion last year. Federal deficit nearly $1 trillion, highest in 7 years, CBO estimates 2019-10-08T04:00:00Z In 2017 the Trump Administration mooted selling off half the stockpile to help tackle the federal deficit. The huge US oil stash hidden in underground caves 2019-09-16T04:00:00Z This too is part of the right wing’s plan, where they create huge federal deficits to then justify cutting Social Security, Medicare and the entire social safety net. Welcome to "Kochland": We all live in the brothers' libertarian utopia 2019-09-10T04:00:00Z He says unpredictable swings in trade policy, a ballooning federal deficit and an unprecedented 121 consecutive months of economic expansion suggest national economic volatility. Maryland has almost $217M more than projected last year 2019-08-28T04:00:00Z There’s renewed worry about the federal deficit amid signals of a potential economic slowdown. Presidential administrations from both sides like to spend, but then again, so do most Americans 2019-08-26T04:00:00Z The federal deficit rose to $984 billion in fiscal year 2019 – the highest in 7 years, according to an estimate released Monday from the Congressional Budget Office. Federal deficit nearly $1 trillion, highest in 7 years, CBO estimates 2019-10-08T04:00:00Z From the moment it was proposed, the Republicans’ 2017 tax cut law was criticized for benefiting corporations and wealthy Americans. doing comparatively little for low-income Americans, and needlessly blowing a hole in the federal deficit. Yes, Trump’s tax cut is even worse than we thought it would be 2019-08-23T04:00:00Z He’s pointed to the recent congressional tax cuts as stimulating the economy, without explaining they have swollen the federal deficit, at least in the short-term. Analysis: GOP candidates talk tax cuts, but no spending cuts 2019-08-18T04:00:00Z Meanwhile the federal deficit - the annual gap between revenue and spending - tops $1 trillion. Excerpts from recent Minnesota editorials 2019-07-29T04:00:00Z The move has sparked cries of hypocrisy from many Democrats, who endured routine GOP lecturing about spending and the federal deficit throughout Obama’s two terms in office. ‘We’re like Thelma and Louise’: Republicans shrug at deficits under Trump 2019-07-23T04:00:00Z And the budget agreement means that the annual federal deficit will remain huge. US economy dodges the threat of painful spending cuts 2019-07-24T04:00:00Z The tax was a provision of the Affordable Care Act intended to lower health spending and reduce the federal deficit. Is My Health Plan a Cadillac? Why Are We Comparing Health Insurance to Cars? 2019-07-20T04:00:00Z Sanford claims that his primary motivation is concern about the federal deficit. Why Mark Sanford Might Challenge Donald Trump 2019-07-19T04:00:00Z Based on Congressional Budget Office estimates, repeal would add $193 billion to the federal deficit from 2022-2029, by scratching projected revenues off the government’s books. House Democratss, GOP unite to repeal Obama health care tax 2019-07-17T04:00:00Z Trump claimed as a candidate that he would eliminate not just the federal deficit but the entire $22 trillion national debt “over a period of eight years” by imposing tariffs and renegotiating trade deals. Trump's China tariffs won't even pay for the bailout to farmers hurt by his trade war 2019-07-16T04:00:00Z Another result of the Trump administration’s tax cut is that federal deficits, which usually shrink during periods of economic growth, are on the rise. Editorials from around New York 2019-07-03T04:00:00Z Though the federal deficit usually decreases during strong economic times, the deficit is already up nearly 40 percent this fiscal year, according to a CBO report. As deficit skyrockets, author of GOP tax bill admits cuts may not pay for themselves 2019-06-13T04:00:00Z The moves to spur growth have also come with long-term risks, including a ballooning federal deficit that would ordinarily be declining during a time of robust growth. Trump faces string of setbacks to his efforts to juice U.S. economy 2019-05-02T04:00:00Z He ripped into the ballooning federal deficit that he warned will ultimately lead Republicans to try to cut Social Security. Iowa remains a serious lift for Joe Biden, here’s why 2019-05-01T04:00:00Z The Republican tax law signed by Trump dramatically slashed corporate and individual tax rates, adding more than $1.5 trillion to the projected federal deficit. Democrats said a GOP tax law provision would devastate blue states. That’s not happening. 2019-04-30T04:00:00Z McAdams, though, was describing a decidedly less grave threat, if it can be considered a threat at all: the federal deficit. Fiscally-conservative Democrats have declared war on the Green New Deal | Kate Aronoff 2019-04-10T04:00:00Z He was unconcerned that the federal deficit would balloon as a result. Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street 2019-04-05T04:00:00Z With government deficits mounting in the 1980s, Hollings advocated a budget freeze and was one of the main sponsors of a 1985 law requiring spending cuts to lower the federal deficit. Former South Carolina Senator Ernest 'Fritz' Hollings dies at 97 2019-04-06T04:00:00Z The Committee for a Responsible Federal Budget, which advocates for a balanced approach to reducing federal deficits, applauded Mr. Enzi’s plan. Mike Enzi’s 2020 budget plan attempts to tame federal deficits 2019-03-24T04:00:00Z The primary structural balance differs from the ordinary way of measuring the federal deficit or surplus in two ways: There will be no end to fiscal chaos without better budget rules 2019-03-19T04:00:00Z Republicans profess to support reining in “entitlements” to curb runaway federal deficits and debt. Recent editorials published in Iowa newspapers 2019-03-18T04:00:00Z He mused about raising the Social Security retirement age to 69 to reduce the federal deficit. Is Beto O’Rourke just another pretty face? 2019-03-17T04:00:00Z It’s not social spending that’s causing the federal deficit to soar. Robert Reich: The yuge Republican lie about the deficit 2019-03-17T04:00:00Z While President Trump has been roundly criticized for increasing the federal deficit, the disability fund picture has been better under his tenure. Editorials from around Pennsylvania 2019-03-13T04:00:00Z Lawmakers also have to contend with a ballooning federal deficit and a looming deadline to address spending caps that Congress put in place under President Barack Obama. With Trump’s Budget Out, Democrats Must Now Show Their Cards 2019-03-11T04:00:00Z For now, the plan pushes the federal deficit past $1 trillion for the first time in a decade. Trump’s ‘MAGAnomics’ gets a thumbs-down from Democrats 2019-03-12T04:00:00Z Some of what we know so far: The budget will do little to cut a ballooning federal deficit, the Associated Press reports: Fox News condemns host Jeanine Pirro's attack on Ilhan Omar – live 2019-03-11T04:00:00Z It was not balanced and was panned for relying on rosy economic projections and for not doing enough to cut the federal deficit. Trump's budget to land with a thud on Monday 2019-03-08T05:00:00Z By year’s end, the impact of tax cuts and other policies was waning, trade was detracting from growth and the federal deficit was wider. Trump's economy 'a little under' 3 percent growth goal: Fed 2019-02-22T05:00:00Z Republicans did this to keep the tax cut — especially a corporate tax cut — in a budget box that allowed only for a $1.5 trillion increase in the federal deficit over 10 years. Analysis | Kamala Harris leaps to unwarranted conclusions in tax tweet 2019-02-13T05:00:00Z They rejected arguments that the federal government is covering the vast majority of the costs, noting the large federal deficit. Arizona lawmakers debate cap on children’s health program 2019-02-16T05:00:00Z It’s part of the reason why the federal deficit soared 42 percent in that same quarter, despite a booming economy and no major war straining the budget. Amazon puts the smile in federal income taxes — by not paying any 2019-02-15T05:00:00Z Mr. Kudlow said Thursday that the White House still expected its policies to cause such an increase in economic growth that annual federal deficits would decline, slowing the rise of the debt. The Federal Debt Is Rising. Concern Is Not. 2019-02-15T05:00:00Z Ford cited high unemployment, a recession, inflation, a rising federal deficit and climbing national debt, the energy situation and other issues as reasons for his bleak assessment. Trump is latest to give State of Union at time of turmoil 2019-02-01T05:00:00Z The starkest gap between Trump’s current ratings and Americans’ initially positive expectations is on the federal deficit. Midway through first term, Trump is not meeting the public’s modest expectations for his job performance, poll finds 2019-01-27T05:00:00Z In the newsroom, he was known for helping junior colleagues wrestling with issues like the federal deficit. Tom Raum, versatile Washington reporter for AP, is dead 2019-01-25T05:00:00Z Ocasio-Cortez and other liberals oppose the pay-as-you-go budget provisions in the rules package that would allow restrictive objections to any legislation that would add to federal deficits. New Congress gavels, more diverse, ready to confront Trump 2019-01-03T05:00:00Z And they are especially dubious of its necessity after congressional Republicans waived the law in 2017 to pass a tax bill that added more than $1.5 trillion to the federal deficit over its first decade. Liberal revolt threatens to derail House Democrats on their first day in charge 2019-01-02T05:00:00Z But annual federal deficits are surging, Medicare and other expensive entitlement programs are growing and their attempt to scuttle Obama's health care statute crashed. Speaker Paul Ryan laments 'broken politics' in farewell address 2018-12-19T05:00:00Z But at OMB, he presided over a growing federal deficit as Trump boosted defense spending and pushed steep tax cuts. Loyalty, rapport: Why Trump chose Mulvaney as chief of staff 2018-12-15T05:00:00Z That’s great for the short term, but the report cautions that mounting federal deficits of more than $1 trillion per year are unsustainable and will inevitably lead to another round of cuts. Good news, bad news: Virginia’s economy is finally back from recession, but threats loom 2018-12-14T05:00:00Z The Joint Committee on Taxation, Congress’s official scorekeeper, found in a report released Thursday the bill would add $54 billion to the federal deficit over the next 10 years. Republican leadership struggles to secure votes for lame-duck $54 billion tax package 2018-11-30T05:00:00Z She said that, in evaluating states’ proposals, CMS would focus on several considerations, including whether changes would foster comprehensive coverage and affordability and would not increase the federal deficit. New insurance guidelines would undermine rules of the Affordable Care Act 2018-11-29T05:00:00Z Given the need to curb the growing federal deficit across the board, “no matter how much money the Pentagon gets, the president’s budget for next year is still flat or declining,” Ms. Eaglen added. James Mattis pressed on Pentagon budget cuts 2018-11-19T05:00:00Z Instead, federal deficits are forecast to top $1 trillion within the next year and remain above that level. Donald Trump middle-class tax cut disappears from conversation 2018-11-19T05:00:00Z Fiscal hawks say that it would cost too much, even more than the GOP tax law, and that it would drive up an already soaring federal deficit. Analysis | Almost all of Sen. Harris’s $2.8 trillion tax plan would help middle and working class, study finds 2018-11-15T05:00:00Z The divided Congress will have to deal with a 2011 law aimed at reducing the federal deficit over a decade. With Democrats in control of U.S. House, science panel gets fresh start 2018-11-13T05:00:00Z The new report begins a budget year in which the federal deficit is expected to soar above $1 trillion, reflecting in part the $1.5 trillion in tax cuts Congress approved last December. US October budget deficit jumps to $100.5 billion 2018-11-13T05:00:00Z That would be good for growth, but not good for the federal deficit as it would require the government to borrow more money. U.S. stock market pushes higher after midterm elections 2018-11-07T05:00:00Z Trump, meanwhile, could ignore budget hawks and the federal deficit and rally behind a more than $1 trillion infrastructure bill next year. Conservatives now wonder if transactional Trump might leave them in the cold 2018-11-06T05:00:00Z The White House recently ordered the Pentagon to slash next year’s budget for the military by about $33 billion in response to the largest increase in the federal deficit in six years. Trump’s border deployments could cost $200 million by year-end 2018-11-02T04:00:00Z Conservatives argue that an election victory would give Republicans their best chance to address the ballooning federal deficit without raising taxes; they should prioritize making long-sought adjustments to Social Security, Medicare, Medicaid and welfare programs. To the Center or the Right? What 2 More Years of a Republican-Led House Might Look Like 2018-11-01T04:00:00Z The Treasury release may draw more attention to rising federal deficits less than a week before midterm elections that will determine whether Republicans maintain control of Congress. Federal debt sales under Trump surpassing record set after financial crisis - Los Angeles Times 2018-10-31T04:00:00Z Instead, Lewis sees Trump’s break with past GOP ideology in other areas, including “foreign policy, trade policy, government intervention in the economy, federal deficits, etc.” Did Trump destroy the conservative movement? No — he cashed in on its darkest tendencies 2018-10-28T04:00:00Z That is code for wanting to tackle entitlement programs like Medicare and Social Security, which Republicans say need to be reined in to address the ballooning federal deficit. Republicans Look to Safety Net Programs as Deficit Balloons 2018-10-26T04:00:00Z She objects to the tax cuts in a way that seems aimed at liberals and fiscal hawks alike — as both a gift to big business and a $1.9 trillion addition to the federal deficit. In Va. district that is a polarized America in miniature, Brat and Spanberger reach out to both sides 2018-10-26T04:00:00Z Nonetheless, despite revenue increases that will flow from the tax cuts in the future, the federal deficit will begin to decrease only when Congress gets serious about reducing spending. Opinion | You can’t call the tax cuts a failure. We haven’t gotten to the good part yet. 2018-10-25T04:00:00Z Trauner says the tax cuts are irresponsibly adding to the federal deficit. Is Wyoming in good shape? Senate candidates disagree 2018-10-25T04:00:00Z Obama also criticized some of Trump's most controversial rhetoric and policies on issues including health care, immigration and the federal deficit. Barack Obama on 2018 midterm elections: “We have a chance to restore some sanity in our politic... 2018-10-23T04:00:00Z But long-run entitlement spending growth is not the reason the federal deficit spiked 17 percent last year. Opinion | The Republican tax cut is a big, fat failure 2018-10-22T04:00:00Z Mr. Trone rightly worries that its effect is to explode the federal deficit and long-term debt, “all for the benefit of my income bracket, which didn’t need any help.” Opinion | David Trone for Congress in Maryland 2018-10-22T04:00:00Z After several years of attempts to reduce the federal deficit through tax increases and spending cuts, the nation’s debt load is now on a steady climb. This Election Season, Republicans’ Deficit Focus Goes the Way of the Vuvuzela 2018-10-16T04:00:00Z The federal deficit is a measure of the gap between the amount of money the nation spends and the amount it takes in. Deficit balloons to $779 billion in Trump’s second year 2018-10-15T04:00:00Z New government spending also expanded the federal deficit for the 12 months through September, the first full annual budget on the watch of U.S. U.S. government posts widest deficit since 2012 2018-10-15T04:00:00Z In his first full year in office President Trump oversaw a massive surge in the federal deficit, which grew $113 billion, up 17 percent, according to the final numbers released Monday by the Treasury Department. Trump sees federal deficit soar in first full year 2018-10-15T04:00:00Z WASHINGTON--The federal deficit widened last year amid higher government spending—including rising interest costs on the debt and increased funding for the military—and flat revenues following last year’s tax cut. U.S. Government Deficit Grew 17% in Fiscal 2018 2018-10-15T04:00:00Z Libertarian Senate candidate and former New Mexico Gov. Gary Johnson said the federal deficit is being ignored and that Heinrich has been avoiding debate with him. The Latest: New Mexico Democrat defends role in Senate 2018-10-12T04:00:00Z Closing the federal deficit requires either raising taxes, cutting the defense budget or lowering spending on social programs that protect the poor and elderly, such as Medicare and Social Security. Deficit balloons to $779 billion in Trump’s second year 2018-10-15T04:00:00Z They include rising interest rates, growing tensions with China, expanding federal deficits and increasing regulatory risks for technology companies. The Biggest Buyers of American Stocks Are on the Sidelines Right Now 2018-10-11T04:00:00Z But some policies put into place under Mr. Trump, like tax cuts and increased government spending that have widened the federal deficit, are also a factor in the rise in borrowing costs. Stocks Plunge, as Fresh Tensions With China Batter Tech Shares 2018-10-10T04:00:00Z It’s another big handout to the wealthy, another huge increase in the federal deficit, and it’s illegal. Robert Reich: Another tax scam for the rich 2018-09-23T04:00:00Z —Never has the federal deficit been set to climb so high during a period of economic stability. AP FACT CHECK: Trump's errant claims on Kavanaugh, economy 2018-09-22T04:00:00Z The parade of $1 trillion federal deficits now coming our way is entirely the handiwork of the Trump administration and enabling Republicans. Sometimes voters just want competence 2018-09-18T04:00:00Z The estimated federal deficit next year will exceed a trillion dollars, boosting the national debt past $21 trillion. After Trump: The Donald in the rearview mirror 2018-09-17T04:00:00Z More broadly, the federal deficit is ballooning as government spending outpaces revenues. U.S. Budget Deficit Widened in August, Treasury Says 2018-09-13T04:00:00Z That annual cut would add up to a roughly $2.4 trillion additional to the federal deficit over a 10-year period, the Tax Foundation found. House GOP is pushing a new round of tax cuts that could cost $2 trillion over 10 years 2018-09-11T04:00:00Z As a result, Social Security and Medicare will need a $416 billion transfer from the government’s general revenues this year, when the federal deficit is already rising. AP FACT CHECK: Trump’s not-so-strong Medicare, economy myths 2018-09-10T04:00:00Z The president proposed a pay freeze in the budget he sent to Congress in February, two months after he signed a $1.5 trillion tax cut that is expected to balloon the federal deficit. Trump Seeks to Block Pay Raises for Federal Workers 2018-08-30T04:00:00Z Paul has waged a lengthy battle against federal deficit spending — triggering a brief government shutdown in February by holding up a spending bill vote from the Senate floor. Sen. Rand Paul backs Libertarian candidate in New Mexico 2018-08-28T04:00:00Z The 2019 figure is one of the biggest defense budgets in modern American history, despite concerns from some economists and lawmakers about the rising federal deficit. Trump signs defense bill but snubs the senator the legislation is named after — John McCain 2018-08-13T04:00:00Z O’Connor and his Democratic allies railed against the tax plan, casting it as a giveaway for the rich that exacerbates federal deficits and threatens Medicare and Social Security. Trump’s candidates in Ohio, Kansas cling to narrow leads in ominous races for GOP 2018-08-08T04:00:00Z O’Connor and his Democratic allies have railed against the tax plan, casting it as a giveaway for the rich that exacerbates federal deficits and threatens Medicare and Social Security. Trump shadow looms over elections in Ohio, Kansas 2018-08-06T04:00:00Z The Trump White House budget office now predicts next year’s federal deficit will exceed $1tn, reaching $8tn over the next 10 years. Trump turns against 'total joke' Koch brothers after North Dakota snub 2018-07-31T04:00:00Z The Trump White House budget office now predicts that next year’s federal deficit will exceed $1 trillion, while reaching a combined $8 trillion over the next 10 years. Koch network won’t help Republicans beat Heitkamp 2018-07-30T04:00:00Z Each year the taxes are delayed, several billion dollars is added to the federal deficit because the government doesn't stop paying out ACA-created subsidies to help individuals afford purchasing insurance. Analysis | The Health 202: ACA’s medical device tax once again on the chopping block 2018-07-25T04:00:00Z But some Republicans are concerned about adding hundreds of billions of dollars more to the federal deficit, and the new plan offers no way to pay for an extension of the cuts. House Republicans roll out election-year tax cut plan 2018-07-24T04:00:00Z WASHINGTON—The Trump administration expects annual budget deficits to rise nearly $100 billion more than previously forecast in each of the next three years, pushing the federal deficit above $1 trillion starting next year. Deficit Projected to Top $1 Trillion Starting Next Year 2018-07-18T04:00:00Z And he proposed a 2019 budget that would slash spending on Medicare, Medicaid, food stamps, transportation and other essential government services, all while increasing the federal deficit. Robert Reich: Trump’s Art of the No Deal 2018-07-05T04:00:00Z The additional growth is largely fueled by government borrowing, as the federal deficit rises because of the tax cut. AP FACT CHECK: Trump’s tax ‘miracle,’ immigration flip-flops 2018-07-02T04:00:00Z According to the CBO, the federal deficit at the end of fiscal 2018 will be 78 percent of gross domestic product, roughly double its postwar average. Opinion | The White House is living in an alternate economic universe 2018-06-30T04:00:00Z The CBO projects the Republican tax law passed last fall will add $1.84 trillion to the federal deficit over the next 10 years. The federal debt is headed for the highest levels since World War II, CBO says 2018-06-26T04:00:00Z His proposal slashes $8 trillion from federal deficits over the next decade, with $5.4 trillion of that from changes to entitlement programs. House Budget Committee passes 2019 budget resolution 2018-06-21T04:00:00Z He has said he plans to continue focusing on cutting government spending, eliminating the federal deficit, reducing taxes and cutting regulation on businesses. In Iowa, Republicans and Democrats fight for elusive independent voters, whoever they are 2018-06-17T04:00:00Z Cohn also acknowledged the tax law may drive up the federal deficit, in an apparent break with party orthodoxy. Trade war could wipe out gains of GOP tax law, former top Trump economic adviser says 2018-06-14T04:00:00Z The Congressional Budget Office projects that the federal deficit will pass $1 trillion in fiscal 2020 — and that’s assuming the economy grows far faster than the Fed and private economists forecast. Trump will sink the economy, too 2018-06-12T04:00:00Z That’s what he would say, given that fiscally irresponsible Republican policies, those ballyhooed tax cuts included, will add $1.6 trillion to the federal deficit over the next 10 years, according to the Congressional Budget Office. Opinion | Entitlements are in crisis. Trump refuses to act. 2018-06-06T04:00:00Z On some issues, most prominently last year’s $1.5 trillion tax bill or immigration measures such as the border wall, Trump has signed off on legislation projected to massively increase the federal deficit. Trump signs veterans health bill as White House works against bipartisan plan to fund it 2018-06-06T04:00:00Z Trump is bloating government spending and the federal deficit at precisely the wrong moment, as the economy is roaring. Howard Schultz, 2020? We in Seattle know he’d be a lamb to the slaughter 2018-06-06T04:00:00Z But federal deficits keep rising, and the recent Republican tax-cut bill is only expected to add to the debt. Trustees report warns Medicare finances worsening 2018-06-05T04:00:00Z Washington was consumed for much of 2017 by fiscal infighting that pitted conservative Republicans against moderates in their own party and Democrats, with the federal deficit and national debt soaring in the background. Trump proposes $15 billion spending cuts, targets children's health... 2018-05-07T04:00:00Z In the aftermath of federal tax reform, the nonpartisan Congressional Budget Office recently warned the federal deficit could exceed $1 trillion in fiscal year 2020. Recent editorials published in Iowa newspapers 2018-05-07T04:00:00Z The proposed bill is roughly budget neutral, cutting the federal deficit by $7 million over 10 years, according to estimates from the Congressional Budget Office. House Republicans Tackle Next Battle: Wooing Their Own on Farm Bill 2018-05-06T04:00:00Z Standard & Poor’s raised other caution flags, noting that more volatility in financial markets raises threats for states, and that widening federal deficits could weaken the federal government’s ability to aid states during the next recession. State Budgets Get Lift From Economy, Tax Bill 2018-05-06T04:00:00Z Over the next decade, the annual federal deficit averages $1.2 trillion. The National Debt Is Worse Than You Think 2018-04-17T04:00:00Z This cheap political stunt will cost consumers more, widen already gigantic federal deficits and, worst of all, enable farmers who opted for substantial political risk in voting for Mr. Trump. Opinion | Don’t shield farmers from their mistake 2018-04-13T04:00:00Z Instead, part of his legacy will be a federal deficit projected by the Congressional Budget Office to top $1 trillion a year by 2020. Opinion | Paul Ryan implodes his party — ahead of schedule 2018-04-11T04:00:00Z The report paints an unrelentingly bleak picture of federal deficits, which would permanently breach $1tn in 2020 without action by Congress. US deficit to approach $1tn after Trump tax cuts and spending bill, CBO says 2018-04-09T04:00:00Z In an ad that began rolling out last week in Indiana, Priorities USA Action, the largest Democratic Party fundraising group, highlights increases to the federal deficit caused by Republican tax cuts. Exclusive: As elections near, many older, educated, white voters... 2018-04-09T04:00:00Z The source said that Harris was “brilliant” and considered an innovative choice to lead the OMB because of Harris’s views about the federal deficit and corporate America. Wall St star approached to be Trump budget chief a year before loan to Kushner firm 2018-04-09T04:00:00Z The Chinese surplus will decline as the nation consumes more; the United States will be challenged to reduce its deficit by saving more with the growing federal deficit. Opinion | A U.S.-China trade war will cost Americans plenty 2018-04-08T04:00:00Z The White House hasn't made a major push for infrastructure, and Congress is stuck: They can't agree on a funding source, and they can't stomach adding more to the federal deficit. Analysis | Trump promised $1.5 trillion in infrastructure spending. He’s 1 percent of the way there. 2018-03-29T04:00:00Z Conservatives objected to spending levels that they said exacerbated the federal deficit. Congress Inches Closer to Budget Deal, Lawmakers Say 2018-03-21T04:00:00Z The federal deficit would still be $1.5 trillion more 10 years from now than it would have been before the passage of the GOP bill. Opinion | Democrats’ fix for the bad GOP tax law isn’t perfect — but it’s a big improvement 2018-03-15T04:00:00Z Although the government can use help in reducing the federal deficit, I’m sure you could put your money to better use. Perspective | IRS says it has refunds worth $1.1 billion just waiting to be claimed 2018-03-13T04:00:00Z Democrats say the tax cuts benefit mainly the wealthy and are worsening the federal deficit. Republican US senator promotes tax-cut impacts at company 2018-03-01T05:00:00Z To the contrary, the Joint Committee on Taxation estimates that the law will add more than $1 trillion to federal deficits over 10 years. Washington’s Fight Over Taxes Is Only Beginning 2018-02-23T05:00:00Z Some fiscal hawks in the House say that concern has hardly gone away given the soaring federal deficits projected to result from Trump’s budget plan. Va. House speaker drops a few names — Trump and Pence — in Medicaid pitch 2018-02-21T05:00:00Z The federal deficit is big and getting bigger. Why America Is Going Broke 2018-02-21T05:00:00Z At the same time, the president’s proposal would add about $1 trillion annually to the federal deficit, creating a greater burden on all Americans down the road. Trump’s budget doesn’t reflect nation’s values 2018-02-18T05:00:00Z He may have meant what he said, yet the administration he belonged to showed a decided lack of conviction when it came to borrowing, with the federal deficit never rising above 3.4% of GDP. How to interpret America’s experiment with huge budget deficits 2018-02-15T05:00:00Z Some fiscal hawks in the House say that concern has hardly gone away given the soaring federal deficits projected to result from President Trump’s budget plan. Rural legislator from southwest Va. breaks the ‘Republican Dam’ for Medicaid expansion 2018-02-15T05:00:00Z The idea was to shave about $21 billion a year from the federal deficit over the next 10 years. Trump‘s ‘Harvest Box’ Isn’t Viable in SNAP Overhaul, Officials Say 2018-02-13T05:00:00Z President Trump’s new budget alone isn’t enough to keep federal deficits from getting out of hand, Republican senators said Tuesday, challenging the White House to find more savings. Bob Corker, other GOP senators challenge unbalanced budget 2018-02-13T05:00:00Z Independent analysts said the deal could boost federal deficits above $1 trillion next year. Trump’s Budget Proposal Projects Big Jump in Deficits 2018-02-12T05:00:00Z But the Trump administration’s proposed budget would still bloat the federal deficit, adding $7 trillion over the next decade. What’s in the White House Budget Request? 2018-02-12T05:00:00Z Mr. Mulvaney, in his letter, said domestic spending at the levels Congress authorized would add too much to the federal deficit. White House Proposes $4.4 Trillion Budget That Adds $7 Trillion to Deficits 2018-02-12T05:00:00Z As a result, the federal deficit will balloon to nearly $1.2 trillion by 2019, despite Mr. Trump’s campaign promise to get the nation’s fiscal house in order. Amid Turmoil From Washington to Wall Street, a Surprisingly Passive President 2018-02-09T05:00:00Z All told, the Republican tax cuts and the budget deal will nearly double the federal deficit to $1.19 trillion in 2019. Opinion | The Republicans Have Become the Party of Debt 2018-02-10T05:00:00Z In Washington’s latest display of governance by brinkmanship, the bipartisan accord bolstering military and domestic programs and deepening federal deficits crossed the finish line just before dawn - but not before the government shut down overnight. Immigration fight looks tougher after budget debate 2018-02-10T05:00:00Z In Washington’s latest display of governance by brinkmanship, the bipartisan accord bolstering military and domestic programs and deepening federal deficits crossed the finish line just before dawn — but not before the government shut down overnight. Immigration fight looks tougher after budget debate 2018-02-09T05:00:00Z Mr. Trump’s plan could easily result in much larger federal deficits. White House Proposes $4.4 Trillion Budget That Adds $7 Trillion to Deficits 2018-02-12T05:00:00Z President Donald Trump on Friday signed a $400 billion budget deal that sharply boosts spending and swells the federal deficit, ending a brief federal government shutdown. US stocks snap higher a day after entering a ‘correction’ 2018-02-09T05:00:00Z Budget Deficits Would Balloon Under the Bipartisan Spending Deal The two-year budget agreement reached by Senate leaders would contribute hundreds of billions of dollars to federal deficits. Government shutdown set as Rand Paul protests budget deal 2018-02-08T05:00:00Z Furthermore, the recent tax-cutting package means that the federal deficit may be over $1trn in the year ending September 2019, according to the Committee for a Responsible Federal Budget, a bipartisan group. The markets deliver a shock to complacent investors 2018-02-08T05:00:00Z The tax-cut law they passed in December is also expected to add to the federal deficit. Sweeping budget deal would more than $500 billion in federal spending, end months of partisan wrangling 2018-02-07T05:00:00Z U.S. congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that is positive for risk sentiment but is also widening the federal deficit sharply. Asian shares flirt with six-week low as U.S. yields creep up 2018-02-07T05:00:00Z The Freedom Caucus includes roughly three dozen GOP conservatives opposed to spending that balloons the federal deficit. The Latest: House hard-liners expect budget pact to pass 2018-02-07T05:00:00Z It’s strange to hear them say that after they just passed a huge tax cut that will raise the federal deficit by $1.5 trillion over a decade. Opinion | How Trump Can Keep His Vows on Opioids and Infrastructure 2018-02-03T05:00:00Z GOP hawks are clamoring for a boost in military spending, but the party’s hard-liners are unhappy with proposals that would increase the federal deficit. Trump’s optimism faces reality check in divided Congress and GOP 2018-01-31T05:00:00Z “It’s only a matter of time before lawmakers circle back to the federal deficit and options to reduce federal spending, and when they do, we think Medicare will be on the table,” Neuman said. Perspective | Out-of-pocket health-care costs likely to take half of Social Security income by 2030, analysis shows 2018-01-26T05:00:00Z U.S. congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that is positive for risk sentiment but is also widening the federal deficit sharply. Asian shares flirt with six-week low as U.S. yields creep up 2018-02-07T05:00:00Z Reichert also said he’s committed to a deal to prevent deportation of children who entered the U.S. illegally, and downplayed projections that the GOP’s tax cuts will balloon the federal deficit. Rep. Dave Reichert talks about immigration, tax cuts, Donald Trump — and his plans after leaving Congress 2018-01-27T05:00:00Z Republicans say the tax law, which passed on a party-line vote last December, will produce a surge in economic growth large enough to prevent the measure from adding to the federal deficit. U.S. economic growth slowed in 2017’s fourth quarter, missing Trump’s targets 2018-01-26T05:00:00Z She criticized the recently passed tax bill for providing disproportionate benefits to investors as compared with working people and cited estimates it will balloon the federal deficit. Democratic physician enters 8th District race to replace Rep. Dave Reichert 2018-01-19T05:00:00Z Federal provisions such as the near-doubling of the standard deduction and the giveaway to pass-through entities will not only blow up federal deficits; they can also blow up state deficits. Opinion | The GOP tax law doesn’t just hurt blue states. It hurts everyone. 2018-01-18T05:00:00Z Many economy watchers expect that the federal deficit will swell after the Trump administration enacted tax cuts late last year that will reduce federal revenue by $1.5 trillion over a decade. Ford warns against driving 2006 Ranger pickups 2018-01-11T05:00:00Z But the individual cuts are skewed toward higher-income households, which economists say have a low propensity to consume, and the overall bill is expected to balloon the federal deficit by $1.5 trillion over 10 years. Tax cuts mean Fed must be vigilant on 'overheating': Kaplan 2018-01-10T05:00:00Z What doesn’t make sense is the continual running of federal deficits in good economic times and bad. Opinion | Right in theory but wrong in practice about the federal deficit 2018-01-05T05:00:00Z Meantime, the federal deficit is growing, and it’s likely to get worse because of the Republican tax bill and the huge cost of disaster aid from the wildfires and hurricanes of 2017. A distracting book for a distracted president 2018-01-05T05:00:00Z Thus in order to get the new money the private sector needs, the federal deficit must be larger than the trade deficit. Opinion | Confessions of a Columnist 2017-12-30T05:00:00Z Jones’s main criticism of the tax package is that he believes it will explode a federal deficit already reaching unsustainable levels. Meet the Republican congressman who defies Trump the most 2017-12-28T05:00:00Z But the individual cuts are skewed toward higher-income households, which economists say have a low propensity to consume, and the overall bill is expected to balloon the federal deficit by $1.5 trillion over 10 years. Tax cuts mean Fed must be vigilant on 'overheating': Kaplan 2018-01-10T05:00:00Z More precisely, each party pretends to care about rising federal deficits and accumulating national debt when that suits its interests, and then shrugs off those concerns when it doesn’t. Both Parties Are Deft at Ignoring Deficit 2017-12-25T05:00:00Z He dismisses studies that show the tax plan will swell federal deficits by more than $1 trillion over a decade, even after accounting for any additional economic growth the tax cuts help produce. Trump supporters greet tax law with shrugs and measured hope 2017-12-23T05:00:00Z The tax bill slashed revenue by nearly $1.5 trillion, according to the nonpartisan Joint Committee on Taxation, adding to the federal deficit. Senate passes stopgap spending bill, allowing Congress to avert partial government shutdown 2017-12-21T05:00:00Z The measure would waive so-called pay-as-you-go spending rules, which are supposed to trigger automatic cuts when Congress passes a measure, like the tax bill, that will increase the federal deficit. Congress prepares to vote on $81 billion in disaster aid, stopgap plan to prevent federal shutdown – LA Times 2017-12-21T05:00:00Z Republicans said the bill would prompt an economic boom sufficient to offset a projected explosion in the federal deficit, create jobs, raise wages and even contribute to national unity. G.O.P. Finally Notches 2017 Victory While Bracing for 2018 Verdict 2017-12-20T05:00:00Z Most independent economists, however, warn that growth will not be so robust and that the $1.5-trillion package will add to the federal deficit. House passes GOP tax plan as Congress prepares to deliver Trump's top legislative priority 2017-12-19T05:00:00Z The Tennessean had long been opposed to the tax bill because of projections it would add to the federal deficit. Final votes loom on Republican tax bill 2017-12-19T05:00:00Z Mr. Corker has been the most vocal about the need to rein in the federal deficit. Corker Says He Faced ‘Tough’ Decision in Supporting Republican Tax Bill 2017-12-18T05:00:00Z Democrats, who oppose it, describe the legislation as a giveaway to corporations and wealthy Americans that will add $1.5 trillion to the federal deficit over the next decade while raising taxes on some middle-class taxpayers. Republicans appear all but certain to pass tax legislation 2017-12-18T05:00:00Z Most worrisome to many, the bill will open a $1.5-trillion hole in the federal deficit over the next decade. Republican tax bill fuels anxiety across the nation's healthcare system 2017-12-18T05:00:00Z He was the lone Republican senator to vote against the version that passed the Senate last month, citing concerns about its effect on federal deficits and the debt. Marco Rubio, Bob Corker swing tax reform confidence in Senate 2017-12-17T05:00:00Z Democrats have been unified against the measure, calling it a giveaway to corporations and the rich that would drive up the federal deficit. Republicans expect to pass tax bill to benefit wealthy Americans this week 2017-12-17T05:00:00Z The legislation would add at least $1 trillion to federal deficits that were already sure to swell as baby boomers retire and draw on Social Security and Medicare. GOP betting that its fix for US economy will defy warnings 2017-12-17T05:00:00Z Democrats, who oppose it, describe the legislation as a giveaway to corporations and wealthy Americans that will add $1.5 trillion to the federal deficit over the next decade while raising taxes on some middle-class taxpayers. Republicans appear all but certain to pass tax legislation 2017-12-18T05:00:00Z GOP lawmakers have also rejected analyses by the nonpartisan Congressional Budget Office, independent economists and others that the massive tax cuts in the legislation will drive up the federal deficit. Republican tax bill fuels anxiety across the nation's healthcare system 2017-12-18T05:00:00Z In reality, the cost in the form of federal deficits is virtually certain to be substantially higher. Cost of Republicans' tax cuts likely to be greater than they appear on paper 2017-12-16T05:00:00Z It will be added to the federal deficit. Gop tax bill will hurt ordinary taxpayers 2017-12-16T05:00:00Z Separately Sen. Bob Corker of Tennessee, who opposed the tax bill in the Senate because it would increase the federal deficit, says he’s still leaning against it. How Alabama saved Obamacare and other effects of an upset 2017-12-15T05:00:00Z If he remains a “no” vote on this latest version, largely because of the bill’s impact on federal deficits, two more “no” votes from the Republican side would sink the measure. Republicans alter tax bill in bid to win over reluctant senators 2017-12-15T05:00:00Z That change would further drive up the cost of the tax bill, which can add no more than $1.5 trillion to federal deficits over a decade if the bill is to pass without Democrat support. Republican Tax Bill Faces New Uncertainty Ahead of Expected Vote 2017-12-14T05:00:00Z They argue that it would disproportionately benefit wealthy Americans, increase the federal deficit and reduce funds available for social programs. Walden says new tax overhaul preserves key deductions 2017-12-14T05:00:00Z It is also predicted to increase the federal deficit by an estimated $1.5 trillion over the next decade—a situation that would trigger automatic cuts to Medicare. All the Ways Trump Shaped Science in 2017 2017-12-14T05:00:00Z The package is expected to add $1.5 trillion to the federal deficit over 10 years, but Republicans say the tax cuts will more than pay for themselves by generating new economic growth. Republican leaders still hammering out differences on tax bill, with final votes expected next week 2017-12-12T05:00:00Z If he remains a “no” vote on this latest version, largely because of the bill’s impact on federal deficits, two more “no” votes from the Republican side would sink the measure. Republicans alter tax bill in bid to win over reluctant senators 2017-12-15T05:00:00Z The committee’s so-called dynamic analysis projected that the Senate plan would add $1 trillion to federal deficits over that time, after accounting for increased growth. Treasury Defends Tax Plan Cost With One-Page Analysis 2017-12-11T05:00:00Z Congress's official scorekeepers estimate that the tax cut would add $1 trillion to the federal deficit, even after taking into account some additional economic growth. Analysis | Why these researchers think most Americans could end up losing under the GOP tax plan 2017-12-08T05:00:00Z The bills would add about $1 trillion to the federal deficit over the same period, according to government estimates, even after taking into account projected economic growth. U.S. tax revamp still incomplete as Republicans eye social program cut 2017-12-08T05:00:00Z Democrats have been united against the bill, calling it a handout to corporations and the rich that would drive up the federal deficit. Senate votes to pursue tax bill negotiations with House 2017-12-06T05:00:00Z And it added nothing to the federal deficit. Then and now: Why 1986 tax bill was everything 2017’s isn’t 2017-12-05T05:00:00Z It was a win that Democrats believe will come back to haunt Republicans because of the legislation’s emphasis on business and the affluent and its potential to explode the federal deficit. For McConnell, Health Care Failure Was a Map to Tax Success 2017-12-03T05:00:00Z Sen. Bob Corker of Tennessee was the lone Republican to vote against the measure, citing concerns about its effect on federal deficits and the debt. Republicans push for final tax cut bill by end of year 2017-12-03T05:00:00Z The bills would add about $1 trillion to the federal deficit over the same period, according to government estimates, even after taking into account projected economic growth. U.S. tax revamp still incomplete as Republicans eye social program cut 2017-12-08T05:00:00Z Democrats have been united against the bill, calling it a handout to corporations and the rich that would drive up the federal deficit. Senate votes to pursue tax bill negotiations with House 2017-12-06T05:00:00Z The Senate plan would increase the federal deficit starting in the current fiscal year and — unless lawmakers intervene — would unleash a budgetary sequence of events cutting billions of dollars from Medicare and public health services. Senate’s huge tax bill would have potent ripple effects for health-care system 2017-12-02T05:00:00Z The Senate passed the final version of its bill on a 51-to-49 vote, with Tennessee’s Sen. Bob Corker the lone Republican voting against it on concerns that it would drive up the federal deficit. Trump hints at changes in tax proposal 2017-12-02T05:00:00Z On Thursday, the nonpartisan Senate Joint Committee on Taxation found that the Tax Cuts and Jobs Act would add significantly to the federal deficit over a decade. US Senate passes sweeping tax cuts bill 2017-12-02T05:00:00Z The GOP tax bill currently under consideration in the Senate would increase the federal deficit by nearly $1.5 trillion over a decade, according to Congress's official tax analysts and multiple other nonpartisan analysts. GOP eyes post-tax-cut changes to welfare, Medicare and Social Security 2017-12-01T05:00:00Z The GOP tax bill currently under consideration in the Senate would increase the federal deficit by nearly $1.5 trillion over a decade, according to Congress’s official tax analysts and multiple other nonpartisan analysts. GOP may work next on welfare, Medicare, Social Security 2017-12-01T05:00:00Z A fast-moving Senate Republican effort to overhaul the tax code unexpectedly stalled Thursday evening over concerns about the federal deficit, leaving the GOP without a clear plan to pass the legislation. Senate GOP tax plan hits deficit snag, leaving leaders scrambling 2017-11-30T05:00:00Z But a nonpartisan analysis released hours ahead of a planned vote compounded the late-stage drama by projecting the Republican tax plan would add $1tn to the federal deficit over the next decade. Senate Republicans rush to win support for tax overhaul, seeking Friday vote 2017-11-30T05:00:00Z Sen. Bob Corker, Tennessee Republican, is helping lead the push to include a trigger in the package and has consistently said he doesn’t want to vote for something that will explode federal deficits. Tax cut ‘trigger’ proposed to limit deficit 2017-11-29T05:00:00Z Congressional Republicans were aiming to reformulate the tax-cut package to satisfy lawmakers worried about how much it would expand the federal deficit, with the measure moving toward a U.S. U.S. healthcare shares climb as investors see upside from Republican tax bill 2017-11-29T05:00:00Z “I think we’ve come to a pretty acceptable place, from my standpoint,” said Mr. Corker, who has stated that he would be unable to vote for the bill if it added to the federal deficit. Republicans Clear Major Hurdle as Tax Bill Advances 2017-11-28T05:00:00Z Corker, a prominent fiscal hawk, wants a measure that would prevent the tax bill from ballooning the federal deficit. Senate tax drama intensifies as bill faces key panel vote 2017-11-28T05:00:00Z Two worries of the fence-sitters are how much the reform will improve the economy and whether it will add to the federal deficit. Tax Reform, Growth and the Deficit 2017-11-26T05:00:00Z “So putting a lever right on what they control makes more sense,” he said, adding that a projected increase in federal deficits in the coming years is tied to spending. Tax cut ‘trigger’ proposed to limit deficit 2017-11-29T05:00:00Z Congressional Republicans were aiming to reformulate the tax-cut package to satisfy lawmakers worried about how much it would expand the federal deficit, with the measure moving toward a U.S. U.S. healthcare shares climb as investors see upside from Republican tax bill 2017-11-29T05:00:00Z Mr. Flake, Arizona Republican, said Monday he thinks tax reform is “desperately” needed, but that he doesn’t want to support a package that will explode federal deficits. Senate Republicans voice hesitations on tax reform bill 2017-11-20T05:00:00Z But it would also add more than $1.4 trillion to the federal deficit over the first decade, according to congressional analysis. Senate tax drama intensifies as bill faces key panel vote 2017-11-28T05:00:00Z The pay-as-you-go law requires that legislation that adds to the federal deficit be paid for with spending cuts or other offsets. Republicans May Use Cuts in Entitlement Programs to Reduce Deficit 2017-11-15T05:00:00Z A retiring senator, Jeff Flake, Republican of Arizona, raised concerns that the legislation could add more to federal deficits. Senate Tax Plan Diverges From House Version, Highlighting Political Pressures 2017-11-09T05:00:00Z Senators James Lankford of Oklahoma, Bob Corker of Tennessee and Jeff Flake of Arizona have all raised alarm about any explosion in the federal deficit driven by the bill. Republicans Are All In on Tax Plans, but Face Real Political Risk 2017-11-09T05:00:00Z On Wednesday, Mr. Summers was back at it, criticizing Mr. Mnuchin in a Politico podcast for suggesting that the tax plan currently being debated by Congress would not add to the federal deficit. The New Washington Drama: Treasury Secretary Versus Treasury Secretary 2017-11-08T05:00:00Z Corker, a prominent fiscal hawk, wants a measure that would prevent the tax bill from ballooning the federal deficit. Senate tax drama intensifies as bill faces key panel vote 2017-11-28T05:00:00Z For instance, most of us agree that we should not raise the federal deficit without good reason, and that taxes should be higher for the super rich than they are for the rest of us. Why the Push to Ban Rifle ‘Bump Stocks’ Has Slowed 2017-11-08T05:00:00Z The changes would still keep the tax bill’s cost within procedural limits, adding just under $1.5 trillion over 10 years to the federal deficit and the national debt, according to an estimate released by Hatch. Senate Republicans add Obamacare gamble to tax plan 2017-11-15T05:00:00Z But both plan would add about $1.5 trillion over 10 years to the federal deficit and the national debt, which now exceeds $20 trillion. Senate Republicans tie tax plan to repeal of key Obamacare mandate 2017-11-14T05:00:00Z Senate Republicans have been frantically searching for ways to make their bill more attractive to middle-class taxpayers, while still adding no more to the federal deficit than the $1.5 trillion allowed under their budget instructions. By inserting Obamacare repeal into tax plan, Senate GOP may complicate passage 2017-11-14T05:00:00Z But it would also add more than $1.4 trillion to the federal deficit over the first decade, according to congressional analysis. Senate tax drama intensifies as bill faces key panel vote 2017-11-28T05:00:00Z Finally, you would use it to drive enrollment in entitlements, so that it increased the federal deficit by $338 billion. The Individual Mandate Is The Worst Tax Ever 2017-11-12T05:00:00Z The changes would still keep the tax bill’s cost within procedural limits, adding just under $1.5 trillion over 10 years to the federal deficit and the national debt, according to an estimate released by Hatch. Senate Republicans add Obamacare gamble to tax plan 2017-11-15T05:00:00Z Repealing the mandate would also lower the federal deficit by $338 billion over the same time period, the CBO said, a finding that several Republican senators said influenced the move. Senate Republicans tie tax plan to repeal of key Obamacare mandate 2017-11-14T05:00:00Z The latest version of the House bill would add $1.7 trillion to the federal deficit over 10 years, the nonpartisan Congressional Budget Office said on Wednesday. Rival Republican tax-cut plans emerging in Congress 2017-11-09T05:00:00Z That’s because under rules the Senate is using to prevent a Democratic filibuster, the measure can’t drive up federal deficits a decade from now. The Latest: Tax bill in Senate looks largely like House’s 2017-11-06T05:00:00Z The federal deficit peaked at $1.4 trillion in the recession year of 2009 and began to decline as the economy strengthened. Why debt from GOP tax cuts might impose a painful price 2017-11-06T05:00:00Z The House tax bill’s impact on the federal deficit, and its underlying assumptions about economic growth, have already prompted several Republican senators to say they could not support it. House weighing 'host of ideas' in tax bill revision, Ryan says 2017-11-05T04:00:00Z Repealing the mandate would also lower the federal deficit by $338 billion over the same time period, the CBO said, a finding that several Republican senators said influenced the move. Senate Republicans tie tax plan to repeal of key Obamacare mandate 2017-11-14T05:00:00Z The latest version of the House bill would add $1.7 trillion to the federal deficit over 10 years, the nonpartisan Congressional Budget Office said on Wednesday. Rival Republican tax-cut plans emerging in Congress 2017-11-09T05:00:00Z As one senator noted, with a federal deficit of nearly US$500 billion, there was little hope of any significant increase in funding. Join the disruptors of health science 2017-10-31T04:00:00Z Corker said congressional tax committees seem to be falling short of their goal to eliminate $4 trillion in tax breaks to prevent the Trump plan from adding to the federal deficit. Trump tax overhaul under intensifying fire as Congress readies bill 2017-10-29T04:00:00Z The House tax bill’s impact on the federal deficit, and its underlying assumptions about economic growth, have already prompted several Republican senators to say they could not support it. House weighing 'host of ideas' in tax bill revision, Ryan says 2017-11-05T04:00:00Z But both plan would add about $1.5 trillion over 10 years to the federal deficit and the national debt, which now exceeds $20 trillion. Senate Republicans tie tax plan to repeal of key Obamacare mandate 2017-11-14T05:00:00Z Bipartisan legislation to resolve the problem is pending, and the Congressional Budget Office on Wednesday said the bill would reduce federal deficits and have no major impact on coverage. Study: Premiums for popular ACA plan up by 34 percent 2017-10-26T04:00:00Z Meanwhile, the Congressional Budget Office found that proposed bipartisan Senate legislation would lower the federal deficit by nearly $3.8 billion during the next decade and would not affect the number of people with health insurance. Federal judge refuses to order the Trump administration to resume ACA payments 2017-10-25T04:00:00Z Corker said congressional tax committees seem to be falling short of their goal to eliminate $4 trillion in tax breaks to prevent the Trump plan from adding to the federal deficit. Trump tax overhaul under intensifying fire as Congress readies bill 2017-10-29T04:00:00Z Senate bipartisan proposal that would provide a short-term fix to Obamacare would reduce the federal deficit by $3.8 billion over the next decade, a nonpartisan government agency estimated on Wednesday. Bipartisan Obamacare fix would reduce federal deficit: government agency 2017-10-25T04:00:00Z Some in the White House have indicated they were worried Paul would take a hard-line stance against the GOP plan because it would increase the federal deficit. Trump says he'd like tax reform bill on his desk closer to Thanksgiving 2017-10-22T04:00:00Z He also insisted that he was not abandoning the goal of being “revenue-neutral” – cutting taxes but not adding to the federal deficit. Mitch McConnell waiting for steer from Trump before pushing healthcare bill 2017-10-22T04:00:00Z Trump’s plan promises up to $6 trillion in tax cuts but would increase the federal deficit by $1.5 trillion over the next decade. Top Senate Republican aims for tax bill by year-end 2017-10-22T04:00:00Z The Trump administration’s tax plan promises up to $6 trillion in tax cuts but will increase the federal deficit by $1.5 trillion over the next decade. Senate's McConnell says tax bill should be revenue neutral 2017-10-22T04:00:00Z Senate bipartisan proposal that would provide a short-term fix to Obamacare would reduce the federal deficit by $3.8 billion over the next decade, a nonpartisan government agency estimated on Wednesday. Bipartisan Obamacare fix would reduce federal deficit: government agency 2017-10-25T04:00:00Z That approval paves the way for their tax-cut package, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed cuts. Trump pledges passage of tax cuts after Senate OKs budget 2017-10-20T04:00:00Z But to do so without exploding the already-dangerous federal deficit will require other ways of collecting revenue. Excerpts from recent South Dakota editorials 2017-10-19T04:00:00Z Trump’s plan promises up to $6 trillion in tax cuts but would increase the federal deficit by $1.5 trillion over the next decade. Top Senate Republican aims for tax bill by year-end 2017-10-22T04:00:00Z The Trump administration’s tax plan promises up to $6 trillion in tax cuts but will increase the federal deficit by $1.5 trillion over the next decade. Senate's McConnell says tax bill should be revenue neutral 2017-10-22T04:00:00Z The nonpartisan Congressional Budget Office forecast that ending cost-sharing reductions would increase the federal deficit by $194 billion over a decade, because the tax credit amounts would increase and because more people would receive them. Analysis | Trump scrapped a key Obamacare payment. Here’s what comes next. 2017-10-13T04:00:00Z That approval paves the way for their tax-cut package, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed cuts. Trump pledges passage of tax cuts after Senate OKs budget 2017-10-20T04:00:00Z Mr. Corker is a senior Republican member on the Budget Committee who had already expressed misgivings about the tax plan and the potential for higher federal deficits. For Republicans, ‘Failure Is Not an Option’ on Tax Cuts 2017-10-11T04:00:00Z But he has vowed not to vote for any tax package that adds to the federal deficit. Trump-Corker spat complicates drive for tax reform in Senate 2017-10-09T04:00:00Z The moves come as the federal deficit, the difference between what the government earns in revenue and spends on programs, is growing more quickly. In a switch, GOP deserts its budget-cutting mantra 2017-10-07T04:00:00Z Another early obstacle is the projected fiscal impact of the plan, which would slash U.S. revenues and expand the federal deficit and the national debt, which now exceeds $20 trillion. Discord among Republicans already weighs on Trump's tax plan 2017-10-06T04:00:00Z The House budget plan calls for a tax overhaul that doesn’t add to federal deficits. House passes 2018 budget plan, setting stage for tax reform 2017-10-05T04:00:00Z Deficit hawks, including many Republicans, denounced it as recklessly driving up the federal deficit. Tax Reform That Doesn’t Bust the Budget? I’ve Got a Few Ideas 2017-10-05T04:00:00Z But he has vowed not to vote for any tax package that adds to the federal deficit. Trump-Corker spat complicates drive for tax reform in Senate 2017-10-09T04:00:00Z As federal deficits ballooned, inflation declined — and all the while the economy grew. Fear of Federal Debt Has Faded, but Risks Remain 2017-10-04T04:00:00Z Another early obstacle is the projected fiscal impact of the plan, which would slash U.S. revenues and expand the federal deficit and the national debt, which now exceeds $20 trillion. Discord among Republicans already weighs on Trump's tax plan 2017-10-06T04:00:00Z But Angle said Trump’s seeming lack of concern for federal deficits has vexed her: “Sometimes, I can’t figure out the president. And I don’t think I am alone in that.” With or without Trump, GOP insurgency plans for a civil war in 2018 midterms 2017-09-29T04:00:00Z But Democrats said the plan would expand the federal deficit in order to deliver tax cuts to wealthy Americans rather than the middle-class families that Trump and Republicans say they are trying to help. Trump proposal slashes taxes on businesses, the rich; fuels deficit worries 2017-09-27T04:00:00Z Analysts have warned that huge tax cuts would balloon the federal deficit and debt if the economic growth projected by Republicans fails to materialize amid rising interest rates. Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details 2017-09-27T04:00:00Z Last week, members of the Senate Budget Committee agreed on a framework that would add to the federal deficit to pave the way for a $1.5 trillion tax cut over a decade. In Tax Code Rewrite, Republicans Ask How Low Can They Go 2017-09-25T04:00:00Z Ryan’s comments, according to the AP, signaled “possible retreat on a core GOP commitment” not to add to the ballooning federal deficit. Excerpts from recent Wisconsin editorials 2017-09-25T04:00:00Z Instead, the office is expected to only detail its estimates of the measure's effect on federal deficits. Republicans Throw Money at Reluctant Senators Amid Last-Minute Obamacare Repeal 2017-09-25T04:00:00Z But Democrats said the plan would expand the federal deficit in order to deliver tax cuts to wealthy Americans rather than the middle-class families that Trump and Republicans say they are trying to help. Trump proposal slashes taxes on businesses, the rich; fuels deficit worries 2017-09-27T04:00:00Z Analysts have warned that huge tax cuts would balloon the federal deficit and debt if the economic growth projected by Republicans fails to materialize amid rising interest rates. Trump's tax plan to propose deep U.S. rate cuts, lacks revenue details 2017-09-27T04:00:00Z The House Budget Committee has written a 2018 budget that calls for a comprehensive tax reform that does not increase the federal deficit. Bob Corker, Pat Toomey reach tax cut agreement in Senate 2017-09-21T04:00:00Z Yet critics say a deficit-financed tax cut is at odds with longstanding Republican calls for fiscal discipline, including that tax cuts not add to the ballooning federal deficit. Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut 2017-09-19T04:00:00Z But it said it would be unable to provide projections of the measure’s effect on coverage, premiums and overall federal deficits “for at least several weeks.” Senate GOP musters final push to erase Obama health care law 2017-09-18T04:00:00Z |
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