Stories Tagged as
Federal deficit
Does Social Security increase the national debt? It depends on how you define “debt.”
by
Nova Safo
and Kimberly Adams
Jul 4, 2024
The program pays $1.5 trillion a year and aids 70 million Americans. But it has its own budget and by law can't create debt or widen deficits.
Why the U.S. budget deficit grew so much in the last year
by
Sabri Ben-Achour
and Alex Schroeder
Oct 23, 2023
No surprise: Inflation, higher interest rates and the pandemic all play a role.
What would it take to balance the federal budget?
by
Kai Ryssdal
and Sarah Leeson
Feb 8, 2023
You need the courage to make cuts, the wisdom to negotiate and luck, says Linda Bilmes, who worked in the Clinton administration.
About those tax cuts that are supposed to pay for themselves
Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
About those tax cuts that are supposed to pay for themselves
Oct 18, 2018
There’s been a lot of talk lately about the budget deficit, which, at last count, is up 17 percent over last year. That’s what happens when the government spends $779 billion more than it collects in revenue, also known as taxes. Seems we’re paying the price for one of the biggest tax cuts in history, […]
How much U.S. debt is too much?
Oct 16, 2018
Balancing the federal budget is a bigger deal for politicians than economists.
How much U.S. debt is too much?
Oct 16, 2018
Balancing the federal budget is a bigger deal for politicians than economists.
For public good, not for profit.
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 […]
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 […]
Numbers don't back up Trump on tariffs paying down debt
Aug 6, 2018
President Donald Trump tweeted about the economy this weekend and made this claim: “Because of tariffs we will be able to start paying down large amounts of the $21 Trillion in debt.” He’s right about the size of the debt, but the power of tariffs to reduce it? Click the audio player above to hear […]