CBO projects U.S. budget deficit to reach $1.5 trillion in 2011, highest ever

Posted on Thursday, January 27, 2011

The still-fragile economy and fresh tax cuts approved by Congress last month will drive the federal deficit to nearly $1.5 trillion this year, the biggest budget gap in U.S. history, congressional budget analysts said Wednesday. The grim forecast from the nonpartisan Congressional Budget Office ca...

A Looming Debt Limit Crisis

Posted on Thursday, January 13, 2011

U.S. dollar notes. (Nicky Loh/Courtesy Reuters) The year has begun with fresh signs of political infighting over raising the amount of debt the country can legally hold, threatening to delay progress on debt reduction and rattle international confidence in the U.S. economy. The government is expe...

Trade Imbalance Long Haul

Posted on Friday, September 17, 2010

The latest trade deficit number is encouraging. But it continues to spark the usual doubts about America's ability to compete on the global stage. And such monthly hand-wringing over the deficit increases fears of imports, while ignoring the growth opportunities in exports. U.S. companies and the...

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