US Deficit

The Tomb Is Sealed

Jared Dillian | Posted 12.14.2011

Read More: u.s. Deficit, Great Recession, National Debt, u.s. National Debt, Balancing the Budget, Recession, U.S. Debt, Fiscal Policy, Business News
Jared Dillian

Few people understand that to balance the budget, or even to bring down the deficits to the rate of growth would require cutting the size of government by at least half and/or nearly eliminating entitlements. It really is true.

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Transparency -- The First Step in a Government Revolution

Dag Detter | Posted 12.03.2011

Read More: European Debt Crisis, Greece Debt Crisis, State Commercial Assets, State Assets, Budget Deficit, Economic Growth, US Deficit, Greece Bailout, Government Debt Crisis, Government Transparency, Business News
Dag Detter

The current financial crisis is a unique opportunity to challenge the vested interests wanting to preserve the poor performance of the past and keeping these assets away from scrutiny.

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Lobbyists Take Aim At Super Congress

Posted 11.16.2011

Read More: Deficit, u.s. Deficit, Congress, Lobbyists Super Committee, Super Committee, Federal Budget Deficit, Lobbyists, Congress Super Committee, Democrats, Republicans, Politics News

WASHINGTON, September 16 (Reuters/Tim Reid) - The special "super committee" tackling U.S. deficit reduction was meant to operate independently and...

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A Bid to Boost U.S.-China Relations

Jayshree Bajoria | Posted 10.17.2011

Read More: US Debt, US China Relations, Economic Recovery, United States, US Deficit, China, China Economy, World News
Jayshree Bajoria

Joe Biden's visit marks the first time a senior U.S. official will spend a substantial amount of time with China's president-in-waiting. "We're investing in the future of the U.S.-China relationship."

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S&P Puts U.S. Credit Ratings On Negative Watch

Posted 09.13.2011

Read More: Deficit, S&p u.s. Credit, Debt Ceiling, S&p u.s. Credit Ratings, US Deficit, S&P, Credit Rating, u.s. Credit Ratings, S&p u.s. Credit Rating, U.S. Credit Rating, Moody's, Business News

(Reuters) - Ratings agency Standard & Poor's has warned there is a one-in-two chance it could cut the United States' prized triple-A rating if a d...

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U.S. Put On Review For Possible Rating Downgrade

Posted 09.12.2011

Read More: Moodys, Obama Downgrade, Moodys US, US Downgrade, US Deficit, Credit Rating, Moodys Downgrade, US Debt Ceiling Debate, US Sovereign, US Debt Ceiling, Business News

Because of the "rising possibility" that Congress will not soon approve a deal to raise the debt limit, Moody's Investors Service has reportedly put t...

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Titanic Economics

David M. Abromowitz | Posted 09.08.2011

Read More: Economy, U.S. Budget Deficit, U.S. Budget Cuts, Budget Cuts, U.S. Budget, U.S. Financial Crisis, u.s. Deficit, Economic Inequality, Budget Deficit, Recession, National Deficit, Politics News
David M. Abromowitz

The choices being made today by leaders in Washington will determine if the titanic U.S. economy stays afloat or sinks further underwater. Choices that tilt in favor of the wealthy would come at the expense of those who are most vulnerable.

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Budget Talks Put Dems Over a Barrel (Again)

Rick Horowitz | Posted 08.29.2011

Read More: Budget Negotiations, Budget, Debt Ceiling, Deficit, Debt Limit, Deficit Negotiations, U.S. Debt, U.S. Budget Cuts, Federal Budget Deficit, u.s. Deficit, Federal Budget Cuts, U.S. Budget Deficit, Politics News
Rick Horowitz

[After hours, just a short walk from the Capitol...] "We're gonna do it again -- I can feel it." "Do what again?" "What we always do -- we're g...

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Will Interest Rates Go Lower?

Don McNay | Posted 08.28.2011

Read More: Interest Rates, Personal Finance, Housing Bubble, U.S. Economy, U.S. Debt, Interest Rate Spike, Personal Finance Tips, Interest Rate Increase, u.s. Deficit, Great Recession, Interest, Recession, American Economy, Business News
Don McNay

The common assumption is that interest rates are going to go higher. Just like the common assumption, for many years, that you couldn't lose in the real estate market. Sometimes we have to consider the unconsiderable.

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Why AARP's Support for Social Security Cuts Matters

Daniel Marans | Posted 08.22.2011

Read More: Social Security, Federal Budget Deficit, Deficit Reduction, Aarp, Benefit Cuts, u.s. Deficit, Social Security Cuts, Social Security AARP, Social Security Cuts AARP, AARP Social Security Cuts, Aarp Social Security, Politics News
Daniel Marans

If AARP was so intent on keeping Social Security out of deficit discussions, then why had they signaled their willingness to make a deal now, in the midst of the debt-ceiling negotiations?

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The Extinction of Retirement

Michael Pento | Posted 08.17.2011

Read More: Economic Recession, U.S. Economy, Federal Budget Deficit, u.s. Deficit, Retirement, Great Recession, Recession, Paul Ryan Medicare, Double Dip Recession, Medicare, Deficit, Economy, Paul Ryan Medicaid, Medicaid, Business News
Michael Pento

For many Americans, the traditional idea of a comfortable retirement filled with golf carts, cruises and fishing trips is going the way of the dodo bird.

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The Tea Party Fiscal Flip Flop(s)

Stephen Herrington | Posted 07.25.2011

Read More: Treasury Department, Debt, Deficit, Economic Crisis, U.S. Debt, GOP Budget, Tea Party Budget, u.s. Deficit, Politics News
Stephen Herrington

When the 2011 federal budget was being bludgeoned into it's final form, the Republicans/Tea Party screamed that continued borrowing would raise the co...

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Peter Peterson and the Deficit Ostriches

Dean Baker | Posted 07.23.2011

Read More: Social Security, Medicare, Federal Budget Deficit, Financial Transactions Taxes, Deficit Talks, US Deficit, Ryan-Deficit, Business News
Dean Baker

It is ridiculous to be spending so much time yelling about the deficit at a time when 25 million people are unemployed, underemployed or out of the work force altogether.

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America's Creditors: Which Countries Own Most Of Our Debt?

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011

Read More: UK, Treasury Department, Taiwan, Foreign Debt, Switzerland, Hong Kong, Russia, Cayman Islands, Foreign Creditors, US Debt, Luxembourg, China, US Deficit, Japan, Slidepollajax, Business News

New Treasury figures have revealed that some surprising countries own U.S. debt. By the end last year, foreign governments held around $4.4 trillion ...

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Geithner Says U.S. Could Hit Debt Limit By March 31

Posted 05.25.2011

Read More: US Economy, US Debt Limit, US Treasury, Timothy Geithner, US Deficit, Economic Crisis, Business News

WASHINGTON (By David Lawder and Glenn Somerville) - The United States may hit the legal limit on its ability to borrow by March 31 and faces serious ...

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Moody's Warns On U.S. Credit Rating After Tax Cut Deal

Posted 05.25.2011

Read More: u.s. Deficit, Tax Cut Deal, U.S. Debt, Moody's Credit Rating, Credit Rating Agencies, Budget Deficit, U.S. Credit Rating, Barack Obama, Moody's, Business News

NEW YORK - Moody's warned on Monday that it could move a step closer to cutting the U.S. Aaa rating if President Barack Obama's tax and unemployment ...

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The World Says No to America's Monopoly Money

Eric Margolis | Posted 05.25.2011

Read More: EU Finance, US Debt, Quantitative Easing, US-Deficit, Exchange Rate, China Finance, Asia-Pacific Economic Conference, G20 Summit South Korea, Politics News
Eric Margolis

Last week's rolling economic summits in South Korea and Japan may well mark the beginning of the end of the dominance of the US dollar, which has ruled world finance and trade since 1945.

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It's the Dollar, Stupid

Georges Ugeux | Posted 05.25.2011

Read More: Interest Rates, Debt, Yuan, Economy, Exports, President Obama, Currency, Larry Summers, United States, US Deficit, Tim Geithner, Federal Reserve, Japan, G-20, US Treasuries, China Surplus, Dollar, Banking Crisis, Market Economy, Gdp, China, Business News
Georges Ugeux

Behind the currency debate lies a somber reality. Most of China's exports are the result of the relocation of production outside of the U.S. -- it is American corporations that fuel the balance of payment deficit.

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Krugman: Bush Tax Cut Debate Is Proof Of Our 'Dysfunctional And Corrupt Political Culture'

nytimes.com | PAUL KRUGMAN | Posted 05.25.2011

Read More: Tax Cuts, u.s. Deficit, Budget Deficit, Tax Breaks, Middle Class Tax Cuts, Bush Tax Cuts, Paul Krugman New York Times, Business News

What's at stake here? According to the nonpartisan Tax Policy Center, making all of the Bush tax cuts permanent, as opposed to following the Obama pro...

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Microsoft's Actions Show America's True Colors in China

Ann Pettifor | Posted 05.25.2011

Read More: Google, Trade Surplus, China, China Trade Surplus, Microsoft, Currency Manipulation, Chris Smith, Treasury Bills, China Currency, Bretton Woods, US Deficit, World News
Ann Pettifor

American consumers and corporations like Microsoft have helped create China's massive surplus by investing in China, or by spending their incomes buying Chinese and other Asian goods.

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U.S. Debt Rating Is Safe - For Now, Warns Moody's

Posted 05.25.2011

Read More: UK Debt Rating, u.s. Deficit, Federal Deficit, Spain, U.S. Debt Rating, AAA Rating, Sovereign Debt Crisis, Moody's, Business News

(By PAN PYLAS, AP) -- The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rat...

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The U.S. is on a Fast Track to Bankruptcy

Sheldon Filger | Posted 05.25.2011

Read More: u.s. Deficits, Financial Crisis, Medicare, David M. Walker, Bill-Gross-Pimco, u.s. National Debt, Social Security, Global Economic Crisis, US Debt, Global Financial Crisis, US Deficit, Beijing-China, China, Politics News
Sheldon Filger

There is no rabbit to pull out of a magician's hat.

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Why Barack Obama Cannot Prevent America's Next Great Depression

Sheldon Filger | Posted 05.25.2011

Read More: Global Recession, u.s. Deficit, U.S. Banks, Obama Economics, Obama Economic Stimulus Plan, President Obama, Maynard Keynes, Financial Crisis, U.S. Economy, Barack Obama, Global Economic Crisis, Obama's Economic Team, Hernando De Soto, Business News
Sheldon Filger

President Obama may be fated to travel the same path as Gorbachev, and like him, end up as a valiant failure.

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October U.S. Deficit: $237.2B

AP | MARTIN CRUTSINGER | Posted 05.25.2011

Read More: Bailout Spending, Total Bailout Spending, Bailout, US Monthly Deficit, Economy, October Deficit, Federal Reserve, Banks, Financial Crisis, US Deficit, Business News

WASHINGTON — The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the go...

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Spending Surge On Financial System Pushing Deficit Towards $1 Trillion

Washington Post | Lori Montgomery and Dan Eggen | Posted 05.25.2011

Read More: Financial System, Financial Crisis, Deficit, Trillion Dollar Deficit, US Deficit, Business News

Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other measures to stoke economic growth, a ...

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