Us Budget Deficit
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Elon Musk's Critique Of Trump's "Big, Beautiful" Bill Sparks Talk Of Rift
Billionaire Elon Musk said he was "disappointed" with US President Donald Trump's legislative push for a massive spending package, which includes multi-trillion dollar tax breaks, saying doing so will only "increase the budget deficit".
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Biden's Proposed Budget Aims To Hike Ukraine Aid, Tax The Rich
The United States would allocate billions of dollars in aid to Ukraine, tax the wealthy and lower its deficit under a budget proposal President Joe Biden unveiled on Monday.
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US Federal Deficit May Explode To $3.7 Trillion In 2020 Amid Pandemic
The US economy is expected to contract by double digits as unemployment surges, while the federal deficit is seen exploding to $3.7 trillion in 2020, the Congressional Budget Office said Friday.
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Annual US Budget Deficit Hits $779 Billion, Highest Since 2012: Treasury
The US budget deficit hit a six-year high of $779 billion in the most recent fiscal year, the Treasury announced Monday, underscoring the cost of last year's sweeping tax cuts.
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Asian Shares Flirt With Six-Week Lows
US congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that is positive for risk sentiment but is also widening the federal deficit sharply.
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Rupee Plunges To 6-Week Low Against US Dollar Today: 5 Updates
The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.
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Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points
Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...
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Republican Plan To Repeal Obamacare Would Leave Millions Uninsured: Report
Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, the nonpartisan U.S. Congressional Budget Office said on Monday.
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Donald Trump Vows 'Greatest Military Build-Up In American History'
President Donald Trump said he would make a massive budget request for one of the "greatest military buildups in American history" on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists.
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US President Donald Trump To Inherit A Stable Economy: Study
Congressional analysts on Tuesday projected that US President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year.
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Jerry Brown Sworn in For Record Fourth Term as California Governor
Democrat Jerry Brown, who turned around California's finances after years of deficits, vowed to keep a tight rein on spending as he was sworn in on Monday for a record fourth term at the helm of US's most populous state.
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United States Records $71 Billion Budget Surplus in June
The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.
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Barack Obama sends Congress $3.77 trillion spending plan
President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive "grand bargain" to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programs that provide pensions and health care to elderly and poor.
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US House passes funding bill, Barack Obama reaches out to Senate
Legislation easily passed the US House of Representatives on Wednesday to avert another partisan budget battle and a possible government shutdown, as President Barack Obama also opened new lines of communication with Republicans.
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Obama unveils $ 3.8 trillion budget plan
US President Obama unveiled a multitrillion-dollar spending plan on Monday, pledging an intensified effort to fight high unemployment and asking Congress to quickly approve new job-creation efforts that would boost the deficit to a record-breaking 1.56 trillion US dollars.
-
Elon Musk's Critique Of Trump's "Big, Beautiful" Bill Sparks Talk Of Rift
Billionaire Elon Musk said he was "disappointed" with US President Donald Trump's legislative push for a massive spending package, which includes multi-trillion dollar tax breaks, saying doing so will only "increase the budget deficit".
-
Biden's Proposed Budget Aims To Hike Ukraine Aid, Tax The Rich
The United States would allocate billions of dollars in aid to Ukraine, tax the wealthy and lower its deficit under a budget proposal President Joe Biden unveiled on Monday.
-
US Federal Deficit May Explode To $3.7 Trillion In 2020 Amid Pandemic
The US economy is expected to contract by double digits as unemployment surges, while the federal deficit is seen exploding to $3.7 trillion in 2020, the Congressional Budget Office said Friday.
-
Annual US Budget Deficit Hits $779 Billion, Highest Since 2012: Treasury
The US budget deficit hit a six-year high of $779 billion in the most recent fiscal year, the Treasury announced Monday, underscoring the cost of last year's sweeping tax cuts.
-
Asian Shares Flirt With Six-Week Lows
US congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that is positive for risk sentiment but is also widening the federal deficit sharply.
-
Rupee Plunges To 6-Week Low Against US Dollar Today: 5 Updates
The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.
-
Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points
Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...
-
Republican Plan To Repeal Obamacare Would Leave Millions Uninsured: Report
Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, the nonpartisan U.S. Congressional Budget Office said on Monday.
-
Donald Trump Vows 'Greatest Military Build-Up In American History'
President Donald Trump said he would make a massive budget request for one of the "greatest military buildups in American history" on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists.
-
US President Donald Trump To Inherit A Stable Economy: Study
Congressional analysts on Tuesday projected that US President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year.
-
Jerry Brown Sworn in For Record Fourth Term as California Governor
Democrat Jerry Brown, who turned around California's finances after years of deficits, vowed to keep a tight rein on spending as he was sworn in on Monday for a record fourth term at the helm of US's most populous state.
-
United States Records $71 Billion Budget Surplus in June
The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.
-
Barack Obama sends Congress $3.77 trillion spending plan
President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive "grand bargain" to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programs that provide pensions and health care to elderly and poor.
-
US House passes funding bill, Barack Obama reaches out to Senate
Legislation easily passed the US House of Representatives on Wednesday to avert another partisan budget battle and a possible government shutdown, as President Barack Obama also opened new lines of communication with Republicans.
-
Obama unveils $ 3.8 trillion budget plan
US President Obama unveiled a multitrillion-dollar spending plan on Monday, pledging an intensified effort to fight high unemployment and asking Congress to quickly approve new job-creation efforts that would boost the deficit to a record-breaking 1.56 trillion US dollars.
