With increasing tension between the world’s two largest economies – over rare earth minerals, over Chinese students at U.S.

The Biden administration on Thursday ... to fully comprehend, which makes charts such as these so important. In fiscal year 2022, the federal deficit was the equivalent of nearly $20,000 for ...

Deficits soared again when the Obama administration launched early stimulus ... Treasury yields hit rock bottom. The Biden administration kept the spending rolling. The Fed began rapidly hiking ...

He plans to slash deficits to the levels of 2015, when Barack Obama was president ... energy tax breaks Biden signed into law. Congress would have to enact those changes through new legislation.

Jason Furman, who served as a top economist in the Obama administration ... emphasized that Biden’s budget proposals would reduce the deficit by trillions of dollars through higher taxes on ...

The president has met Republican demands for debt reduction with a plan to trim deficits by taxing companies and the rich. By Jim Tankersley Jim Tankersley covers White House economic policy and ...

But the deficits in fiscal 2017, 2018 and 2019 under Trump were all below $1 trillion – lower than the deficits in fiscal 2009, 2010, 2011 and 2012 under the Obama-Biden administration.

Biden set out to make the deficit vastly smaller, and thanks to economic growth, robust job creation, and reduced Covid investments, he’s following through. Second, I continue to believe the ...