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While pandemic-related spending went down and there were lower unemployment benefits paid out as economic recovery from Covid-19 continued, the US government also brought in a smaller amount of revenues
The U.S. administration of President Joe Biden says it will start talks with China soon to press the country to comply with a bilateral trade deal signed by his predecessor Donald Trump.
Stefani Reynolds/Getty Images The US budget deficit widened to a record $1.7 trillion in the first half of the fiscal year. The government spent $927 billion in March, with much of the funding linked to Democrats' stimulus. White House and Fed officials have said low interest rates ensure the debt doesn't present an immediate danger. The US budget deficit climbed to a record $1.7 trillion last month after stimulus spending in March lifted the shortfall. The government spent roughly $927 billion as the first half of the fiscal year came to a close, the Treasury De...
The Congressional Budget Office expects federal debt to reach 102% of US GDP in 2021. The estimate doesn't account for the $1.9 trillion stimulus plan Democrats are set to pass. The CBO sees the debt pile then shrinking for a few years before rising into the next decade. Total US public debt is set to overtake the size of the national economy in 2021 even without the $1.9 trillion stimulus plan sought by President Joe Biden, according to the Congressional Budget Office. Federal debt is projected to reach 102% of US gross domestic product through the end of the year, the nonpartisan agency sai...
Raising new fears today that this regime may be preparing to use these chemical weapons on their own people. what, if anything are we to do about this? now among the weapons of mass destruction that are in that arsenal we're told, nerve gas that kills immediately. primitive mustard gas which blisters the body. we'll have much more on this new threat when we speak to our strategic analyst ralph pete tphers juspeters in just a bit right here. an eye-opening new report on the ballooning u.s. deficit, raising serious concerns that the economy may be dragged back into recession. take a look at the ...