Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar. There's also concern about trying to reverse the deficit -- by reducing government spending or raising taxes -- in the midst of a harsh recession.
Stories Related to Federal Budget Deficit Tops $1 Trillion For First Time
foxnewsonline@foxnews.com, FOX News
Mon, 07/13/2009 - 12:32pm
Topics: $1 trillion deficit federal deficit
RELATED ARTICLES
- Dems, GOP talk up deficit reduction, but don't act
Liberals' loud objections to White House proposals for slowing the growth of huge social programs make it clear that neither political party puts a high priority on reducing the deficit, despite much talk to the contrary.... More - Democrats, Republicans appear no closer to averting massive federal cuts next month
Congressional Democrats and Republicans appeared far apart Sunday on a deal to avert $85 billion in federal spending reductions next month, with a top House Republican saying the cuts appear “inevitable.” The automatic cuts, known as sequester, kick in March 1 because the parties have failed to agree on a less-drastic plan to cut the federal budget and deficit. More - Democrats stiffen spine against trimming benefits
President Barack Obama's re-election has stiffened Democrats' spine against cutting popular benefit programs such as Medicare and Social Security. Their new resolve could become as big a hurdle to a deal that would skirt crippling tax increases and spending cuts in January as Republicans' resistance to raising tax rates on the wealthy. More - Two-part 'fiscal cliff' deal taking shape
The outline of a compromise over upcoming federal tax hikes and spending cuts began to come into focus Friday after President Obama convened congressional leaders at the White House. More - Obama Meeting Top Lawmakers in Tough Deficit Talks
Congressional leaders of both parties will meet with the president in an effort to reach a deal to avoid across-the-board tax increases and spending cuts that could push the economy into recession. More
BING NEWS:
- Trump tariffs would shrink the federal deficit, but also the economy, CBO says
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
01/4/2025 - 6:03 am | View Link - What Will Happen To The Deficit In 2025?
The federal spending deficit will almost certainly increase in 2025, forecasters say, as President-elect Donald Trump is widely expected to cut taxes but will have a harder time following through on ...
12/29/2024 - 12:00 am | View Link - 2025 budget: Regional commissions to spend 99.7 on salaries, leave little for development
A breakdown of the 2024 budget proposal shows that the commissions will spend 99.7 per cent of their budgets on personnel costs.
12/26/2024 - 10:14 pm | View Link - Cutting the Deficit Is Easy—It’s Just Unpopular
Bureaucrats aren’t driving the deficit. The culprit is the checks they send out that people happen to love.
12/25/2024 - 8:29 pm | View Link - Finance Ministry Tops 2025 Budget Allocations As Over N1trn Goes To 10 Ministries Each
An analysis of the 2025 Appropriation Bill has revealed that over 10 federal ministries and agencies received allocations exceeding N1 trillion each.
12/22/2024 - 8:51 pm | View Link - More
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more