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Stories Tagged as

Deficit

President George H.W. Bush dies at 94

by Nancy Marshall-Genzer
Nov 30, 2018
He came to office promising not to raise taxes, but later compromised to help cut the deficit.
U.S. President George Bush poses for photographers after his address to the nation, 27 September 1991, in the Oval Office of the White House. During his speech, Bush announced that the U.S. will unilaterally eliminate its land and sea-based short-range nuclear weapons.
LUKE FRAZZA/AFP/Getty Images
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The EU balks at Italy's definition of debt

by Sabri Ben-Achour
Nov 9, 2018
But what's Europe's definition based on, anyway?
 People stand in front of a 'debt clock' screen displaying the Italy's public debt at the Rome's Termini central station on February 15, 2018.
FILIPPO MONTEFORTE/AFP/Getty Images
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Paying lip service to the deficit

by Nancy Marshall-Genzer
Nov 8, 2018
Politicians have been pretty quiet lately about the $800 billion budget deficit. That's about to change.
“Washington needs to find a way to spend less,” Mitch McConnell said in 2011, back when the Kentucky Republican was Senate minority leader. Above, he addresses the Value Voters Summit in Washington, D.C., in September. 
Photo by Chip Somodevilla/Getty Images
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Federal deficit rises to six-year high following last year's tax cut

by Ben Bradford
Oct 16, 2018
The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]
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Federal deficit rises to six-year high following last year's tax cut

by Ben Bradford
Oct 16, 2018
The U.S. government is spending more and taking in less. The Treasury Department reported on Monday that the federal deficit has increased this past budget year to $779 billion, the largest deficit since 2012. The biggest culprit is last year’s Republican-backed tax overhaul, which cut tax rates for businesses and individuals. The tax law likely […]
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The Federal Reserve

Fed Chair Jay Powell: We’re “independent of political considerations”

by Kai Ryssdal
Jul 12, 2018
In a 30 minute conversation, Chairman Powell discusses tariffs, political pressure on the Fed and wage stagnation.
Jerome Powell listens as President Trump announces Powell as nominee for Chairman of the Federal Reserve in the Rose Garden of the White House in Washington, DC, November 2, 2017.
SAUL LOEB/AFP/Getty Images
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Weekly Wrap

Are we too worried about inflation, but not worried enough about deficits?

by Marketplace Staff
Feb 16, 2018
We take a look at the Republican Party's flip-flop on debt.
Kevin Hassett, chair of the Council of Economic Advisers, at a daily White House briefing in November.
Mandel NganAFP/Getty Images
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Should you worry about the national debt?

by Paulina Velasco
Feb 16, 2018
We have short-term focus but a long-term problem.
Office of Management and Budget Director Mick Mulvaney testifies before the Senate Budget Committee Tuesday on the 2019 budget proposal released the day before.
Win McNamee/Getty Images
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U.S. government shuts down for the second time in 2018

by Associated Press
Feb 8, 2018
The shutdown came after Kentucky Senator Rand Paul blocked a vote on the budget plan.
SAUL LOEB/AFP/Getty Images
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The GOP tax plan just got more expensive

by Kimberly Adams
Nov 8, 2017
A new estimate by the Congressional Budget Office says the plan could add $1.7 trillion to the deficit
Committee chairman Rep. Kevin Brady (R-TX) and ranking member Rep. Richard Neal (D-MA) confer with aides before the start of a House Ways and Means Committee hearing concerning the Trump administration's fiscal year 2018 budget proposals, on Capitol Hill, May 24, 2017 in Washington, DC.
Drew Angerer/Getty Images
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