Tag: US Budget Deficit

US Federal Budget Deficit Hits $1.1 Trillion

April 11, 2023
2023 federal budgetBusiness & MarketseconomyPolicies & ImpactsUSUS Budget DeficitUS News
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The U.S. federal budget deficit has exceeded a $1 trillion in the first half of fiscal year 2023, with revenues declining and outlays growing. The budget deficit between October 2022 and March 2023 is estimated to be at $1.1 trillion, according to a report (pdf) by the Congressional Budget Office (CBO) on April 10. This…

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Government Watchdogs Under-Equipped to Oversee Spending of Billions in Taxpayer Money

March 29, 2023
House Budget CommitteePoliticsUSUS Budget DeficitUS Federal Spending
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Massive spending bills authorized by Congress over the last two years have poured billions of dollars through federal agencies into state coffers, threatening to overwhelm the government inspectors charged with preventing fraud, waste, and abuse in the use of taxpayer money. Inspectors general from three federal agencies and a director from the Government Accountability Office…

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Financial Crisis Looming Due to Mounting Federal Debt: Experts

March 29, 2023
economyHouse Budget CommitteePolicies & ImpactsPoliticsUSUS Budget DeficitUS debt ceiling
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The U.S. is in “terrible shape” financially and is “flying blind in mountains of debt” that will cause future generations to “reap the whirlwind of an irreparable economic disaster” unless immediate action is taken, according to some witnesses and members of the House Budget Committee. Witnesses testifying at the March 29 hearing on the country’s…

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LIVE NOW: Housing Market Could Get Dicey: Investor; U.S. Midterm Campaign Finance Analysis | NTD Business

October 21, 2022
election donationsEpochTVLive VideosNTD Businessreal estateUS Budget DeficitVideo
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A veteran housing market investor tells us the current health of the market and whether he thinks a crash is coming. The midterms are only 18 days away. We look at campaign finance, and how it could affect America’s future direction. The U.S. budget deficit sees its largest 1-year drop ever. Why such a big…

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Housing Market Could Get Dicey: Investor; US Midterm Campaign Finance Analysis | NTD Business

October 21, 2022
election donationsEpochTVLive VideosNTD Businessreal estateUS Budget DeficitVideo
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A veteran housing market investor tells NTD the current health of the market and whether he thinks a crash is coming. The midterms are only 18 days away. We look at campaign finance and how it could affect America’s future direction. The U.S. budget deficit sees its largest one-year drop ever. Why such a big…

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Biden’s Spending Policies Result From ‘Lack of Understanding,’ Maybe Beginning of ‘Inflationary Regime’: Portfolio Manager

September 18, 2022
Business & Marketseconomic policieseconomyfederal spending splurgefiscal spendinghigh inflationinflationInflation Reduction ActInvestmentstock market lossUSUS Budget DeficitUS unemployment
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Tavi Costa, portfolio manager at Crescat Capital, has criticized the Biden administration’s spending measures, warning that Americans’ inflation woes might have only just begun. During the recent White House celebration of the passage of the “Inflation Reduction Act,” the president defended his government’s massive spending by saying that “we spend, but we pay.” Biden said…

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So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Dems, Says Ted Cruz

August 8, 2022
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…

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So-Called Inflation Reduction Act a ‘Massive Power Grab’ by Democrats: Sen. Cruz

August 8, 2022
Business & MarketscongressDemocratseconomic policieseconomic recessioneconomyinflationInflation Reduction Act of 2022Policies & ImpactsPoliticsstagflationTax Credits 2022USUS Budget DeficitUS News
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Sen. Ted Cruz (R-Tex.) has criticized Democrats for pushing their so-called Inflation Reduction Act, which he warns is a “terrible bill.” The bill will double the size of the Internal Revenue Service (IRS). But IRS agents are not designed to go after “billionaires and big corporations,” Cruz said in an interview with Fox News. “They’re…

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