Business Biden’s Budget Sets Up Battle With GOP, Would Cut Deficits by $3 Trillion Over 10 Years Nick J Adam Mar 10, 2023 WASHINGTON—President Biden proposed a $6.9 trillion budget that calls for reducing deficits and raising taxes on wealthy… Read More...
Business Yellen Calls on Congress to Raise Debt Limit Nick J Adam Jan 14, 2023 WASHINGTON—Treasury Secretary Janet Yellen called on Congress to raise the debt ceiling… Read More...
Business Higher Taxes, Spending Cuts to Follow in Other Countries, U.K. Chancellor Says Nick J Adam Nov 20, 2022 LONDON—U.K. Chancellor of the Exchequer Jeremy Hunt defended his decision to implement… Read More...
Business U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows Nick J Adam Oct 22, 2022 The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to widen in… Read More...
Business Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine Nick J Adam Mar 29, 2022 WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S.… Read More...
Business Biden Emphasizes Deficit Reduction in Bid to Pass Economic Agenda Nick J Adam Mar 20, 2022 WASHINGTON—The Biden administration and top Democrats are embracing efforts to reduce the federal deficit as… Read More...
Business States Are Swimming in Cash Thanks to Booming Tax Revenue and Federal Aid Nick J Adam Jan 23, 2022 Numerous states are proposing tax rebates and bonuses for public workers as the fiscal doldrums of early 2021 give way… Read More...
Business Federal Budget Deficit Narrowed in December Nick J Adam Jan 13, 2022 The federal government ran a $21 billion deficit during December, the smallest monthly gap in two… Read More...
Business Federal Budget Deficit Widened in November on Increased Spending Nick J Adam Dec 11, 2021 The federal government ran a $191 billion deficit during November, a bigger gap when compared with a year… Read More...
Education U.S. Budget Deficit Ends Fiscal Year Below Prior Year’s Record Level Nick J Adam Oct 22, 2021 The U.S. budget deficit reached $2.8 trillion in the fiscal year that ended Sept. 30, below the record set the… Read More...