Congress' budget analysts are estimating that this year's federal deficit will exceed $1.3 trillion, slightly below last year's total but still a huge ocean of red ink.The nonpartisan Congressional Budget Office said the enormous shortfall is a result of the still staggering economy, which has meant lower federal revenues plus extra government spending aimed at prodding growth.But the budget office sees this year as a turnaround.

BING NEWS:
  • Nigeria Approves $2.2b Borrowing to Fund Budget Deficit
    Nigerian lawmakers approved President Bola Tinubu's proposal to borrow $2.21 billion from foreign investors to address a 9.18 trillion naira ($5.46 billion) budget deficit for 2023. The funding ...
    11/25/2024 - 2:50 am | View Link
  • California looking at $2 billion deficit after lawmakers, Newsom slashed spending
    Proactive budgeting and increased tax revenue will set California lawmakers and Gov. Gavin up for an easier budget in 2025.
    11/20/2024 - 12:09 pm | View Link
  • Early outlook suggests $2-billion California deficit, warns of federal changes under Trump
    The California Legislative Analysts' Office predicted a largely balanced budget outlook in the upcoming fiscal year, but warned about uncertainties.
    11/20/2024 - 10:08 am | View Link
  • ‘A Significant Challenge’: State Legislators Grapple With Budget Deficit
    Ahead of the Maryland General Assembly’s meeting in January, analysts say a widening budget deficit may be the worst fiscal situation the state has faced in two decades. According to a five-year ...
    11/18/2024 - 11:01 am | View Link
  • Ferguson: ‘Everything is on the table’ to address budget deficit
    Sears. “Everything is on the table” when it comes to combating a budget gap analysts described as “enormous,” according to the leader of the Maryland State Senate. Maryland faces a projected $2.7 ...
    11/18/2024 - 2:51 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News