Sentences with phrase «states runs a deficit»

The United States runs a deficit with countries who fit at least one of the following three criteria.

Not exact matches

Let us make no mistake about it: Canada is running a deficit, and it is entirely appropriate for it to do so given the state of the economy.

The United States runs a hefty goods trade deficit with China of $ 375 billion.

If the United States is running a capital account surplus mainly because the world is awash in excess savings, then it is unlikely that a cut in the fiscal deficit will cause a drop in the U.S. current account surplus.

In this case, the United States runs a «good» trade deficit, driven by higher investment, not lower savings.

This reflects a view that Trump has consistently maintained in his personal rhetoric and that has been reflected in the official documents put out by some of the members of his trade team — trade deficits are per se bad, reducing them induces prosperity mechanically, and so there is no downside to a trade war with a country with whom the United States runs a large trade deficit.

For much of the nineteenth century, the United States also ran trade deficits and capital account surpluses, but while there were already capital flows driven by investors making independent decisions about where to park their money, roughly 90 percent of the international business done by London banks consisted of trade finance.

U.S. investment exceeds U.S. savings, and the United States runs a trade deficit that is by definition equal to the gap between investment and savings.1 It also runs a capital account surplus equal to the gap because this is the amount of net foreign capital inflow that bridges the gap, and the trade account and the capital account for any country must always balance to zero.

Germany, with which the United States has run a trade deficit for years, is particularly concerned, having been repeatedly named alongside China as a possible currency manipulator.

While I understand that the NDP must feel intense pressure to capture votes — including from people who have never taken a course from John Smithin — I often wish that the NDP would show a bit more policy leadership on the issue of the deficit and debt. I was particularly disappointed during the 2008 federal election campaign when Mr. Layton stated, unequivocally, that the NDP would not run a deficit in the following year if elected (even though it was clear that Canada was entering a recession).

Since the 1990s, though, Japan's growth has been mostly flat, and trade friction much more subdued, even as the United States continues to run large trade deficits with Japan.

Unlike the U.S. federal government, most states and cities have constitutions that prevent them from running budget deficits.

With its flexible financial system and the gradual elimination by the 1970s of all capital restrictions, the United States was able quickly to adapt, and began running large trade deficits whose costs, in the form of unemployment and consumer debt, it was willing to absorb for geopolitical advantage, the importance of which soared during the Cold War.

But the president declared that the United States would no longer tolerate running a trade deficit of nearly $ 400 billion with China, its second - largest trading partner, after the European Union.

In the 19th Century England and the United States played these two roles, with excess English savings pouring into the United States to fund growth in history's most successful emerging market, and while the British ran persistent trade surpluses, and the US ran persistent trade deficits, both countries got richer.

His view, as articulated both on Twitter and at Tuesday's press conference with Swedish Prime Minister Stefan Löfven, is that trade wars are good for the United States — in fact, «good, and easy to win» — because we currently run a trade deficit.

The United States during this period ran large trade surpluses and capital account deficits as it exported its excess savings to fund its net exports while the growth of its trading partners was constrained by their urgent investment needs.

Trump was overheard telling donors at an event in Missouri the previous night that he insisted to Trudeau that the United States runs a trade deficit with its neighbour to the north — without any idea of whether this is the case.

I'm not sure how Obama thinks he can smooth this one by all Federal taxpayers outside of the State of Illinois (which itself is running something like an admitted $ 21 billion budget deficit).

So the United States provides other countries with the money to pay their debt to the United States by running a trade deficit.

As evidence that the U.S. deficit is caused by expensive labor, high manufacturing costs, and the spendthrift habits of Americans, many economists will point out that the United States runs bilateral trade deficits with many countries, and not just with China.

To return to our example, we want to understand what will happen if China runs a $ 22 billion trade surplus and exports the full amount to the United States, which causes the U.S. capital account surplus and the US current account deficit both to rise by $ 19 billion.

Mr. Prasad said that some persistent deficits, like the one that the United States runs with many countries including China, could be a sign of structural imbalances, like China's historic tendency to undervalue its currency.

Even if the United States had not run trade deficits, there would have been large foreign inflows in to the US financial markets.

The United States» bilateral deficit with Thailand is just under the $ 20 billion threshold, and the U.S. runs a bilateral surplus with Singapore (even with Singapore's massive global surplus) thanks in part to large exports of fuel oil.

Despite the region running on a gasoline supply deficit (compared to this week last year), all states saw prices decrease, which is in - line with the national trend, on the week: Wyoming -LRB--4 cents), Colorado -LRB--4 cents), Montana -LRB--2 cents), Idaho -LRB--1 cent) and Utah -LRB--1 cent).

More to the point, the United States runs a $ 65 billion trade deficit in goods with Germany, its widest in Europe and third - largest overall — a key sticking point for Trump in his relationships with foreign leaders.

Fiscally, India has managed to bring its federal government deficit (as a proportion of GDP) down to 3.5 % this year, but the states run aggregate deficits in the order of 2.5 — 3 % as well, so the total government deficit is around 6.5 % of GDP.

If China decides to retaliate by unloading significant quantities of U.S. sovereign debt, it could cause a significant spike in rates at a time when the United States is running a high deficit and rates are already inching up.

The United States ran a $ 77 billion deficit in the trade of goods in February, the highest level since July 2008.

China runs large trade deficits with most east Asian countries, but these are more than offset by trade surpluses with the United States and Europe.

President Trump boasted in a fundraising speech Wednesday that he made up information in a meeting with the leader of a top U.S. ally, saying he insisted to Canadian Prime Minister Justin Trudeau that the United States runs a trade deficit with its neighbor to the north without knowing whether that was true.

Once the Bretton Woods system broke down in 1971, the United States discovered they could run very large trade deficits with the rest of the world.

The new government may be prepared to run bigger deficits than stated in the platform.

Mississippi State responded with an 11 - 2 run to close the deficit to 26 - 22.

If that law is overturned, it may set the precedent for other states to legalize betting in their own state — an appealing option to the many states running a budget deficit.

«I'm running for the state senate to take on the rampant corruption in Albany and the fiscal mismanagement that has produced a multi-billion dollar budget deficit and the highest taxes in the nation,» Schorr said.

New York's expected budget gap is growing larger — a more than $ 4 billion deficit heading into the next fiscal year now poses a challenge for Governor Andrew Cuomo and state lawmakers as they prepare to run for re-election.

However, throughout the second half of the 20th Century, national debt and public sector borrowing emerged as a structural problem in most developed economies, with large deficits being run year after year, as the role and «size» of the state has grown.

«After the Senate Democrats raised taxes and spending by $ 14 billion, ran up a $ 10 billion deficit and left the State on the brink of financial ruin, New Yorkers would be wise to treat this as a political document and not a statement of fact.

Tax increases on higher income households are the least damaging mechanism for closing state fiscal deficits in the short run.

«Whilst he may have faults - all politicians have faults - this is a guy who actually ran a state very well, he got debts and deficit down.

The United States is running $ 1 trillion plus deficits a year and debt is almost 100 % of GDP and rising.

Even in the United States of America, you come to meet deficits that are being run by the government.»

The Comptroller's office routinely audits local governments around the state, and has already determined that hundreds are in financial trouble, with more than 300 running deficits, and over 100 without enough cash on hand to pay their current bills.

Here is what Ed Day said when the Rockland County Times asked if he'd be running for governor next year: «New York State is in a very similar situation that Rockland was in not long ago, as it is facing financial shortfalls and significant deficits that will result in major tax increases.

The measure was created when the state had a $ 10 - billion - dollar budget deficit, now, the state is running surpluses.

But now, tax revenues are running behind projections, a $ 2 billion deficit looms, and schools and hospitals are howling after two years of flat state budgets capped by an overall cut in spending in April.

In addition to complicating Cuomo's campaign efforts — and the potential for a presidential run in 2020 that some political watchers see in his future — the trials could provide plenty of distractions as he and the state Legislature tackle a multi-billion budget deficit by the April 1 start of the new fiscal year.

De Blasio also criticized the state for underfunding the Metropolitan Transportation Authority, which runs a capital deficit exceeding $ 15 billion.