Deficit Ballooning News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Adjustment to the bedrock of the nation's economy. the labor department is now saying, between april of 2018 and march of this year, there were half a million fewer jobs created than they actually originally thought. it's all adding to the worries of a slowdown, it comes as we're getting word of a more worrisome speed up. the deficit ballooning much faster than expected. you can see this orange line on your screen, the deficit now on track to hit $1 trillion in fiscal year 2020, which starts in september. that is several years earlier than the cbo first projected. maya mcginnis is head of the ...

Not for business at all. for middle income people. >> we never got that tax cut from middle income people. besides the deficit ballooning in the wake of the cuts, take a look at this. new irs numbers show that in 2018, the agency collected nearly $100 billion more in individual taxes before refunds than it did in 2017. even accounting for refunds. the agency still netted billions more from individuals in 2018 than 2017. that means no tax cut for us. meanwhile, the businesses that he said would not benefit, well, the irs collected about $76 billion less in taxes from them. and those tariffs on ...

Revenue from them offsets the expense of a wall, it offsets the expense of a new post office in montana or a highway in duluth. the president has never explained how it adds up to mexico paying for the wall. his press secretary hasn't been able to do that either. only words or perhaps in this case word salad. >> the deficit ballooning to over $1 trillion under this president, where are the monies for this wall going to come from? why is he asking the taxpayers for them when he promised mexico was going to pay for it. >> we're not asking taxpayers for that. we are looking at existing funds thro...

Money from to make sure the president can protect our border and protect american citizens. >> with the deficit ballooning to over a trillion dollars under this president, where are the additional monies on this wall going to come from and why is he asking the american taxpayer for them when he promised mexico was going to pay? >> we're not asking taxpayers for that. we're looking at existing funding through other agencies that we can draw on to do that immediately. the president has been clear that the usmca deal would provide additional revenue that would show mexico was paying for the wall....

The prospects of rising interest rates, short rates an lod long rates have jumped. so that is downward pressure on stocksing along with the ongoing trade war with china, worries about a global economic slow hedohe do -- slowdown and even housing weakness are all reasons. >> but shouldn't question being a nothi a -- shouldn't we acknowledge that one of the reasons that they raise interest rates is because they need to create a cushion? because if things do turn and face a recession, they need to have some sort of lever to help us. and with rates low, they won't have that. and one thing that cou...