The Congressional Budget Office (CBO) has released its much-anticipated score for the bipartisan infrastructure plan now under consideration in the Senate, estimating the package would add $256 billion in deficits over ten years, countering negotiators’ claim it would be fully paid for. “The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137…
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficits: CBO Score
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficits: CBO
The Congressional Budget Office (CBO) has released its much-anticipated score for the bipartisan infrastructure plan now under consideration in the Senate, estimating the package would add $256 billion in deficits over ten years, countering negotiators’ claim it would be fully paid for. “The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137…
NTD Business Full Broadcast (June 24)
Questions about anti-virus pioneer John McAfee’s death in a Spanish prison. It seems to be a suicide, right after a Spanish judge declared he could be extradited to the US. New York state is ending the cocktails take-out program that’s been popular with restaurants and diners.
2021 Budget: Deficit Spending Likely to Inflate an Already-Expanding Public Service
Continued deficit spending in this week’s federal budget, the first in two years because of the pandemic, is likely to inflate an already-expanding public service that has grown 11.5 percent, or by more than 39,000 full-time equivalent employees, in the five years between 2015–16 and 2019–20. “There was a huge downsizing under Chretien, and then…
NTD Business Full Broadcast (April 12)
The U.S. government’s budget deficit hit a record high last month, as billions of dollars of stimulus checks added to government spending. Two Korean battery rivals have settled their dispute. The feud had threatened the construction of a new battery factory in Georgia. Beijing sends a warning shot to China’s tech giants. The regime slapped…
Spending Requirements vs Rising Debt: Liberals’ First Pandemic Budget Anticipated
With the first budget in two years expected to be tabled in the near future, observers are wondering how the government will anchor fiscal policy and approach balancing pandemic spending requirements while taming the skyrocketing federal debt. Allan Tupper, political science professor at the University of British Columbia, says the Trudeau government must balance pandemic…
US Trade Deficit up 1.9 Percent in January on Record Goods Imports
SILVER SPRING, Md.—The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9 percent higher as the coronavirus pandemic continues to distort global commerce. The gap between the goods and services the United States sold and what it bought abroad rose to $68.2 billion from $67 billion…
US December Deficit Hits $144 Billion, Record For The Month
WASHINGTON—The U.S. government posted a December budget deficit of $144 billion—a record for the month—due to far higher outlays with CCP virus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury Department said on Wednesday. The Treasury said the December deficit compares with a $13 billion deficit in December 2019, before the…
NTD Business Full Broadcast (Jan. 13)
The Treasury posts a record deficit for December. It’s up over $100 billion dollars from a year ago. Markets continue their climb today. We talk to Lance Roberts about his New Year’s investing resolutions. Brick-and-mortar stores innovate to survive and thrive in a changing consumer landscape. We talk to an expert to find out some…
Provincial Debt Crises Looming, Say Economists
News Analysis Economic forecasters say that Canada’s provinces and other levels of government below the federal level are spending unsustainably and will face a debt crisis unless they change course. The Parliamentary Budget Officer (PBO) provided this finding in a recent fiscal sustainability report updating the assessment it made in February 2020. The report projected the debt…
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