Sentences with phrase «ballooning federal deficit»

Ryan's budget has one overarching goal — to reduce the ballooning federal deficit.

Yet critics say a deficit - financed tax cut is at odds with longstanding Republican calls for fiscal discipline, including that tax cuts not add to the ballooning federal deficit.

Unless Chris Collins is a liar, then he voted to cut his own taxes substantially while burdening the rest of us with a ballooning federal deficit.

But his ambitious plan alarmed lawmakers who worry about ballooning federal deficits.

Rising interest rates alone would balloon the federal deficit, because interest payments on the massive outstanding government debt would skyrocket from today's artificially low levels.»

Not exact matches

A new analysis from a nonpartisan thank tank showed that the Republican tax plan would do little to boost economic growth and would cause the federal deficit to balloon.

According to Congressional Budget Office estimates, enacting the bill would shrink the federal budget deficit by $ 175 billion by 2020, lift GDP by 5.4 % over the next 20 years, increase national productivity, balloon the workforce by about 5 % by 2033, raise the return on capital, and (although the CBO didn't put it this way) create a $ 46 billion windfall for entrepreneurs supplying security operations along the U.S. southern border.

Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the federal tax code, while a top credit - ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy.

In a commentary in The Wall Street Journal this week, former vice president of the Federal Reserve Alan Blinder writes that Trump's tax cut plans — the largest of all the presidential candidates — would cost the nation $ 9.5 trillion over the next decade, which in turn would make the budget deficit balloon to ruinous effect.

With the onset of the 2008 - 09 recession and the subsequent G20 agreement for countries to introduce temporary stimulus spending equivalent to 2 percent of GDP, the federal deficit ballooned to $ 55.6 billion in 2009 - 10; $ 33.0 billion in 2010 - 11; $ 26.3 in 2011 - 12; $ 18.4 billion in 2012 - 13 and $ 5.2 billion in 2013.14.

(CNN)- In the midst of a ballooning deficit, an unbalanced federal budget and the upcoming presidential election, Congress doesn't need to be worried about poverty in America, right?

The projected ballooning of the federal deficit, largely due to underfunded Medicare and Social Security benefits, should focus the minds of citizens.

In state after state, ballooning deficits that already have forced layoffs and other belt - tightening across state governments are hitting an education bureaucracy charged with carrying out a growing list of state and federal mandates.

As the Federal Reserve welcomes a new chairman and the markets grapple with possible trade wars and a ballooning fiscal deficit, make a plan for what to do with a $ SPX chart at much lower levels.

But with increasingly expensive weather events, the program's chronic debt (covered by federal taxpayers) has ballooned to $ 24 billion and insured losses from Harvey could be between $ 10 billion and $ 20 billion, adding to the program's deficit.

All of the major federal agencies that it relies on for research grants — including the National Science Foundation, the Department of Defense, NASA, and the National Oceanographic and Atmospheric Administration — are feeling the squeeze of shrinking spending in an effort to control the ballooning federal budget deficit.