(Bloomberg) — US fiscal deficits are projected to grow over the next decade, likely pushing the government to increasingly rely on Treasury bills and healthy demand to plug the holes. Most Read from Bloomberg The nonpartisan Congressional Budget Office last week upped its deficit estimate for 2024 to almost $2 trillion from about $1.6 trillion […]
If Donald Trump returns to the White House, it would worsen budget deficits and the bond market would suffer more than under another Joe Biden term, longtime bond investor Bill Gross said Sunday. In an interview with the Financial Times, he acknowledged that Biden has also overseen an explosion in U.S. debt with deficits soaring […]
By David Lawder WASHINGTON (Reuters) -The United States needs to raise revenues to bring down high budget deficits even though they are helping to fuel global growth by stoking domestic U.S. demand, International Monetary Fund First Deputy Managing Director Gita Gopinath said on Saturday. Gopinath told a fiscal forum at the IMF and World Bank […]
Is it $38 billion or $73 billion? Just how much of a budget gap does California actually have? The Legislative Analyst’s Office last week threw yet another wrench into Gov. Gavin Newsom’s push for a rosier fiscal picture when it updated its projected budget deficit to $73 billion, based on weak revenue collections. This is […]