How to make Elon Musk’s budget-slashing dreams come true
Elon Musk and Vivek Ramaswamy plan to whip the American state into shape. On November 14th their newly created Department of ...
In predicting markets, the short and long term are just noise
The stock market is a marvelous pricing mechanism, blending all available data and opinions into one price, near ...
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
The Columbian3d
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
Still, annual budget deficits are expected to be equal to 6.1% of U.S. gross domestic product in 2035, which the CBO noted is “significantly more than the 3.8 percent that deficits have averaged ...
Reuters3d
CBO sees US 2025 deficit flat at $1.9 trillion before any Trump tax changes
The CBO "baseline" estimates are based on current laws and assume that Trump's 2017 individual tax cuts expire as scheduled at the end of this year, causing rates to snap back to higher levels.
The Hill6d
Deaths in US expected to exceed births in 2033: CBO
The number of deaths in the U.S. is expected to exceed the number of births by 2033, according to the Congressional Budget Office’s (CBO) annual 30-year projection of the U.S. population ...
Reuters3d
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
WASHINGTON, Jan 17 (Reuters) - U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits by $825 billion over the next 10 years ...
Wall Street Journal2d
U.S. Starts Maneuvers to Avoid Breaching Debt Limit, Putting Pressure on Congress
WASHINGTON—The U.S. government is now constrained by its statutory debt limit, the Treasury Department said, prompting the start of “extraordinary measures” this Tuesday to keep America’s ...