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Government budget deficits

U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

by Walter Watson
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

The US Treasury building in Washington, DC, US, on Tuesday, Aug. 15, 2023. Nathan Howard | Bloomberg | Getty Images The U.S. government ran up another half a trillion dollars …

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Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

by Ron Morgan
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial …

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Germany slides deeper into budget crisis. Here’s what you need to know

by Ron Morgan
Germany slides deeper into budget crisis. Here’s what you need to know

German Chancellor Olaf Scholz (C), Finance Minister Christian Lindner (R) and Economy Minister Robert Habeck give statements to the media following the weekly government cabinet meeting on November 15, 2023 …

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Indonesia’s China-backed high-speed train sparks concerns of debt trap

by Walter Watson
Indonesia’s China-backed high-speed train sparks concerns of debt trap

Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued …

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IRS paperless system will cut deficit by $2.6 trillion over 10 years

by Vera Ward
IRS paperless system will cut deficit by .6 trillion over 10 years

U.S. Secretary of the Treasury Janet Yellen arrives to deliver remarks at Johns Hopkins University’s School of Advanced International Studies (SAIS) on April 20, 2023 in Washington, DC. Anna Moneymaker …

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