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Budget Deficit

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This combination of pictures created on November 12, 2024 shows US entrepreneur and former Republican presidential hopeful Vivek Ramaswamy (L) speaks during the second day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 16, 2024, and SpaceX, Twitter and electric car maker Tesla CEO Elon Musk looks on as he speaks during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023
PoliticsTrump says Musk, Ramaswamy to lead government efficiency effort
By Bill Allison and BloombergNovember 12, 2024
Former Secretary of State Mike Pompeo (L) and former Secretary of Defense Leon Panetta (R) gave a joint interview on geopolitics' effect on global business at the Fortune Global Forum in New York on Monday November 11.
ConferencesFormer CIA chief Leon Panetta says Trump’s economic boost contains a hidden $7 trillion threat
By Paolo ConfinoNovember 11, 2024
michel barnier
PoliticsFrance says it has the ‘courage’ to cure its €15 billion absenteeism crisis, by delaying sick payments and cutting public sector benefits
By Prarthana PrakashOctober 29, 2024
Federal Reserve Chairman Jerome Powell
FinanceIn this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see
By Jason MaOctober 26, 2024
PoliticsTrump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—‘Yeah, sure, but why not?’
By Jason MaOctober 26, 2024
FinanceBank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’
By Will DanielSeptember 10, 2024
Chicago Mayor Brandon Johnson speaks at the Democratic National Convention, standing at a podium with a microphone. He is dressed in a suit, gesturing with one hand as he delivers his remarks, with the convention backdrop featuring party symbols and colors.
PoliticsChicago implements hiring freeze to help tackle $1 billion deficit
By Shruti Date Singh and BloombergSeptember 9, 2024
Pedestrians walk past a bus shelter
FinanceU.S. debt is so massive, interest costs alone are now $3 billion a day
By Jason MaSeptember 7, 2024
Donald Trump speaks into microphone
PoliticsTrump says economic growth would cover $4.6 trillion price tag for tax cuts
By Sarah McGregor, Maria Paula Mijares Torres and BloombergAugust 24, 2024
US government check
FinanceU.S. debt interest costs are about to blow past $1 trillion this fiscal year
By Viktoria Dendrinou and BloombergAugust 12, 2024
US Treasury payment check
FinanceThe U.S. deficit is nearly as big as Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse
By Jason MaJune 30, 2024
Foreign currency bank notes
FinanceHeavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’
By Bastian Benrath and BloombergJune 30, 2024
FinanceTreasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit
By Will DanielJune 25, 2024
PoliticsCalifornia Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour
By Adam Beam and The Associated PressJune 22, 2024
U.S. Capitol dome against backdrop of dollars
FinanceRemember, the U.S. doesn’t have to pay off all its debt, and there’s an easy way to stabilize it, Nobel laureate Paul Krugman says
By Jason MaJune 8, 2024
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