Sentences with phrase «dollar deficit by»

While the measures previously listed have all contributed to reducing a billion dollar deficit by half, more cuts alone will not eliminate the funding gap.

The Connecticut budget that was passed in October is headed for a $ 208 million dollar deficit by the end of the 2018 fiscal year.

The law, which reduces the amount of state aid received by school districts, was first imposed in the 2010 to help close New York State's multi-billion dollar deficit by taking funding away from schools.

Lawmakers have to close a multibillion dollar deficit by the end of March, and Senate Majority Leader John Flanagan, a Republican, said his colleagues want to even look to new areas to cut taxes.

Not exact matches

According to the IIF, since Egypt reached agreement with the IMF in 2016, its currency has increased sharply against the dollar and that boosted its official reserves by almost double — from about $ 20 billion to $ 40 billion — and narrowed its deficit.

The U.S. could dial back the trade deficit by trimming the value of the dollar, suggests Dean Baker, co-director of the non-partisan Center for Economic and Policy Research.

Every federal dollar should be leveraged by partnering with state and local governments, and, where appropriate, tapping into private sector investment, to permanently fix the infrastructure deficit.

Under the Senate's «budget reconciliation» rules, the tax legislation can increase the federal deficit by $ 1.5 trillion over the next 10 years — and not a dollar more.

Projected deficits of America's most popular retirement program vary by trillions of dollars.

By the end of the trading day on October 16, which was a Friday, the DJIA had lost 4.6 percent.5 The weekend trading break offered only a brief reprieve; Treasury Secretary James Baker on Saturday, October 17, publicly threatened to de-value the US dollar in order to narrow the nation's widening trade deficit.

Deficits totaled $ 587 billion in 2016, and CBO projects trillion - dollar deficits will return Deficits totaled $ 587 billion in 2016, and CBO projects trillion - dollar deficits will return deficits will return by 2023.

Historical evidence suggests, an increase in the budget deficit tends to boost overall activity by the same amount (in dollar terms).

In sum, the U.S. payments deficit and central bank movements out of the dollar, aggravated by U.S. military activity in Iraq and other countries, may indeed trigger a shift of international currency holdings into euros.

Trillion - dollar deficits are projected to return by 2022, and the debt is projected to reach 91 percent of GDP by 2027.

By storing its surplus export revenues in Treasury bonds, South Korea nudges up the relative value of the dollar against our competitors» currencies, and our trade deficit increases, even though the original transaction had nothing to do with the United States.

Under CBO's Alternative Fiscal Scenario — which assumes many of the 2017 tax law's expiring provisions and other temporary tax cuts are made permanent, the recent spending deal is extended so that most discretionary spending grows with inflation, and emergency funding for disasters is kept in line with its historical average — deficits will exceed the two - trillion dollar mark by 2028.

The Fear Trade, of course, is driven by low to negative real interest rates — when inflation erodes away at government bond yields — deficit spending, a weaker U.S. dollar and geopolitical uncertainty.

The New Zealand dollar stabilized despite an unexpected trade deficit caused by a jump in imports and a surprisingly large drop in consumer confidence.

And if the fiscal problem becomes unstable — more deficit to finance than security markets will allow, the Fed will obey its political masters and finance the deficit by a hyper - inflation, or hyper - tax, as a burgeoning inflation simply taxes all fixed dollar wealth — bonds, dollars, life insurance values, etc. — by the rate of price level increase.

Since 2002, almost 250,000 manufacturing workers have lost their jobs because of the high dollar and our huge and growing trade deficit with developing Asian countries. Many are older workers who will typically face a long stretch of unemployment, followed by employment in a new job at much lower wages.

This question was raised in Russia in 1996 - 98, when IMF and U.S. advisors argued that it would be inflationary to pay wage arrears to workers unless the budget deficit were financed by borrowing an equivalent volume of dollars.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

He said the dollar faces a further slide if any Fed tightening is offset by a wider US deficit on the back of Donald Trump's big spending plans and tax cuts.

Those who run the Fed are despondent that despite implementing for eight YEARS an interest rate policy specifically designed to enable Obama to create a totally false illusion of economic «recovery» by massively increasing government spending with trillions of phony, deficit, zero - interest - rate «dollars,» the people saw through the economic lie and defeated the Fed's next intended puppet, Clinton.

By focusing on trade and labor, he implies that the dollar is weakening only because of the trade deficit, not because of military spending and capital flight.

Permanent annual trillion - dollar deficits will now return next year and top $ 2 trillion by 2027 if both this budget deal and the tax law are made permanent, which is what Congress intends.

Much of the debate over the past years about the benefits and the costs global specialization, primarily the rapid advance of China as a major manufacturing center has been less about the financial costs — the $ 12 trillion dollars of additional liquidity that the US consumers offered to the world (the cumulative US trade deficit from 1990 through 2015 compared to the over $ 3 trillion dollars in trade surplus run - up by China over this same period — and more in terms of the jobs lost and the impact of foreign products on American wages in manufacturing.

And if one doesn't have a government pension (paid for by deficit dollars), the modern Govt.

He turned Massachusetts» budget from red to black while governor by turning a three Billion dollar deficit into a 2.16 billion dollar surplus.

That would reduce the deficit by about 550 billion dollars over a year.

The proposal, unveiled by Governor Andrew Cuomo earlier this month, transforms the state budget process to conform to fiscal realities and eliminates a $ 10 billion dollar deficit without raising taxes or borrowing.

This, according to de Blasio, would leave the beleaguered network of municipal medical facilities tottering under «hundreds of thousands of dollars» in shortfalls — on top of a deficit already projected to hit $ 515 million by the decade's end.

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» she says the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

Speaking of the city's $ 39 million budget (devised by Sottile and approved by the Common Council), Gallo deplored the «unfortunate impact of a million - dollar deficit due to the prior administration's allocation from the city fund balance.»

The GEA was first passed by the New York State Legislature in 2010, when the state faced billion - dollar budget deficits because of the recession.

The budget builds on the Governor's record of fiscal responsibility by closing a multi-billion dollar deficit with no new taxes, fees or gimmicks.

The Post disclosed last week that Ravitch, a private - sector businessman picked by Paterson to be his lieutenant governor because of his pubic - sector financial expertise, has been angrily boycotting the leaders» meetings because the governor rejected his plan for borrowing billions of dollars to help reduce the state's massive deficit.

The state has a $ 4.4 billion dollar deficit, and there's uncertainty over the effects of the federal tax overhaul on the state's finances, as well as possible big funding cuts by President Trump and Congress.

Revenues from the ongoing Wall Street rally will be a «bright spot» heading into potentially difficult state budget talks complicated by the federal tax overhaul, but New York government leaders shouldn't count on stock market gains to cover a deficit projected to be in the billions of dollars, the state's top fiscal officer said Tuesday.

â $ œThis is an honest, straightforward budget that puts New York state back on track by closing a multibillion - dollar deficit with no new -LSB-...]

He says without changes in rules regarding pension payouts, union contracts and other issues, counties face a $ 4.2 billion dollar budget deficit by 2020.

Senate Finance Committee Chair Cathy Young says even though there's a multi-billion dollar budget deficit, and that «budget circumstances may be tough,» the GOP will resist any potential efforts by Democrats to roll back the middle class tax cuts that are to be phased in over the next several years.

This proved to be only a 3 billion dollar deficit federally, and he closed it by raising taxes in part, by extending the surcharge, etcetera.

Earlier this week County Executive Ed Day confronted reality and bit the metaphorical budget bullet by facing up to the fact that the County owed millions of dollars, was running a multi-million dollar deficit, had overtaxed homeowners, and had police services that the County could not afford and did not need.

In the absence of anything which can be called an «investigatory press» in Rockland County, elected officials must know that their behavior is being publicly scrutinized by the social media and that past behaviors which resulted in Rockland County becoming bloated with over 100 patronage appointments and millions of dollars in ballooning property taxes, bonded debt, and deficit spending MUST stop.

The operating deficit, projected at $ 333 million for 2017 — 18, could exceed half a billion dollars by 2019 — 20 (see Figure 2).

At stake in the fiercely contested campaign is control over a complex, underperforming school district whose ability to improve schools for nearly 665,000 students is compromised by declining enrollment, a $ 1.46 billion projected deficit, and billions of dollars in unfunded liabilities for retirees.

Politicians seizing on painless ways to cut the deficit reinforce this perception of massive spending, and Americans believe them: In surveys, they estimate that as much as one out of four dollars spent by the federal government goes to foreign governments.

Having failed to right the ship of state, Malloy engaged in a desperate attempt to save his political career by telling Connecticut's voters that there was no state budget deficit this year and that he would eliminate the $ 1.4 billion dollar projected budget shortfall for this coming year without having to raise taxes, cut services or seek concessions from the state employee unions.

The district says it is wrestling with a $ 1.1 billion deficit weighted with pension payments and wants to save millions of dollars by having teachers pay more into their pension fund.