Sentences with phrase «increasing budget deficit»

Now you can see why Malloy resisted sitting down with Republican legislative leaders to discuss the state's ever - increasing budget deficit.

A bigger issue is closing the state's increasing budget deficit.

Arguably, a contracting economy would decrease the tax base, increasing the budget deficit while at the same time decreasing the domestic market's ability to buy treasuries, leading to a larger trade deficit.

Cohn told CNBC the proposed tax cuts will be paid for entirely through economic growth and would not increase the budget deficit.

The Congressional Budget Office released a report on Friday that said a repeal of the Affordable Care Act (ACA), over the next decade, would «probably increase budget deficits with or without considering the effects of macroeconomic feedback.»

As written, it is almost guaranteed to increase the budget deficit by trillions over 10 years, and quite possibly keep increasing the deficit after 10 years are up.

But his tax cuts increase the budget deficit and the country's reliance on foreign capital, almost guaranteeing a worsening trade balance.

«This not only weakens our economy, but increases our budget deficit.»

Worse = makes health coverage worse, increases prices, increases the budget deficit, etc..

The Oneonta Daily Star reports that the chair of the county's negotiating team said the agreement would increase the budget deficit significantly.

represents the perfect hedge for the Euro debt crisis — if we sail through the crisis, the fundamental case I outlined remains, while if everything goes horribly wrong (increasing budget deficits, debt restructurings, defaults, Euro ejections / withdrawals etc.) that will be even more reason for investors to flee to German assets, the hard core of the Euro and Europe.

During the recent global financial crisis, financial markets in Europe experienced significant volatility due, in part, to concerns about rising levels of government debt and the prevalence of increased budget deficits.

Not exact matches

Office of Management and Budget Director Mick Mulvaney argued earlier this week on CNN's «State of the Union» that increasing the federal deficit is necessary to unlocked the desired economic growth the Trump administration has targeted.

The bill can not increase total deficits in the years beyond the CBO's 10 - year budget window, over and above the forecasts under current law.

Because Congress has refused to either raise taxes or cut other spending to pay for the war, the necessary borrowing has substantially raised the budget deficit and increased the national debt.

The Congressional Budget Office projects the return of $ 1 trillion annual deficits following the December tax cuts and recent spending increases.

Republicans are demanding spending cuts to reduce the budget deficit as the price for supporting an increase in the debt ceiling.

If the provision makes changes to Social Security, increases the deficit beyond the 10 - year budget window, or does NOT produce a change in outlays or revenue than it's considered extraneous.

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 bBudget 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 bbudget 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.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

Technical factors such as increasing U.S. Treasury bill issuance - the result of a surging budget deficit - are adding to the factors pulling short - term yields higher and making the short end look more attractive.

As talk about the economy has largely focused on tax cuts, the U.S. budget deficit and the potential for trade tariffs, one of the biggest things investors and the general public seem to be missing is the increased spending soon to be pumped into the U.S. economy by the government.

However, to avoid abrogating the Byrd rule, which disallows bills that increase the deficit beyond the budget resolution's window, the tax cuts were scheduled to expire after ten years.

The Byrd rule also prohibits initiatives that would increase the deficit beyond the fiscal years covered by the budget resolution.

With the potential for higher U.S. budget deficits and debt risking dollar strength, central banks around the globe could be motivated to increase their gold holdings, says Credit Suisse.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years — reaching the highest level of debt relative to GDP ever experienced in this country.

Wages increased most during the Clinton Administration, which also brought about the biggest increase in jobs, and an elimination of the budget deficit to boot.

The Parliamentary Budget Office (PBO), international organizations and we have argued that the federal government is facing a small structural deficit now but that it will increase rapidly after 2015 due to demographic pressures on potential economic growth and health related spending.

Falling tax revenues pushed government budgets even further into deficit, and rising interest rates increased rather than lowered prices.

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.

The Update incorporates the October average private sector economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).

Lengthening the budget window simply to allow for more years of deficit - financed spending increases or tax cuts would be an unfortunate gimmick that would undermine many of the important benefits of long - term scoring.

The House budget's reconciliation instructions would reduce deficits; the Senate budget's would increase them.

The provision can not increase the federal deficit at some point in the future, beyond the typical 10 - year «budget window» that is used to evaluate legislation.

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

If the bill does not meet the budget resolution's instructions to reduce the federal deficit, any provision that results in either increased spending or decreased revenue is removed until it does meet those targets.

However, in August 2011 the long - term sovereign credit rating on the United States of America was downgraded to AA + from AAA by the Standard & Poor's ratings agency, reflecting increasing concerns about the U.S. budget deficit and its future trajectory.

The new federal budget plan matters and is increasing defense and nondefense spending to the tune of $ 300 billion, which would put the fiscal year 2019 deficit at over $ 1 trillion or 6 % of gross domestic product (GDP).

The effect of a cash transfer from the Fed to the household sector is almost identical to receiving a tax rebate check, with the added benefit that it causes the budget deficit to fall, not rise (Tax revenues will rise and there has been no increase in government borrowing).

O'Neil said he's skeptical about the assumptions that a Trump agenda of increased government spending and tax cuts will be fully enacted and lead to faster growth, higher inflation and bigger budget deficits.

They argue that, since 2009, the federal government's plans to balance the budget have been based on «risky projections, optimistic forecasts of revenue growth and unrealistic plans for spending restraint», which have resulted in increases in the projected deficit with each successive budget, and the pushing out of the date that the deficit would be eliminated.

The reconciliation instructions — the part of the budget that will most likely be acted on — increases deficits by $ 1.5 trillion and abandons the House's attempt at including $ 200 billion of mandatory savings.

If the deficit is due to an economic recession, defined as two consecutive quarters of negative growth in real gross domestic product, or to «extraordinary events», such as a natural disaster or war, that results in an «cost» of more than $ 3 billion, then the operating budgets of departments and agencies would be automatically frozen to pay for any wage increases.

What's more, a deficit - increasing bill can rely on the reconciliation process — the process that allows a simple majority vote in the Senate — only if it does not raise deficits in years after the 10 - year budget window, which means the tax breaks here would have to be temporary.

Needless to say, the House budget is much more fiscally responsible on reconciliation than the Senate because it actually requires action on legislation reducing the deficit, whereas the Senate budget facilitates legislation increasing the deficit.

The March 2011 Budget implies no increase in rates in 2015 whereas PBO assumes an increase of 10 cents as mandated under current legislation when the employment insurance account is in deficit.

But they used massive tax hikes to do it — a 32 % increase in state income taxes and 33 % increase in state corporate taxes — and still Illinois» new budget generates only $ 5 billion, not nearly enough to cover its $ 15 billion deficit.

In arguing against the bill, Brown noted that the Congressional Budget Office found that it would slightly increase the probability of a big bank failure, which would add to the deficit.

At the same time, however, the enormous increase in government liabilities stemming from an ongoing budget deficit and huge financial rescue efforts is likely to result in normal if not elevated levels of inflation as the economy recovers.

President Donald Trump on Monday will offer a budget plan that falls far short of eliminating the government's deficit over 10 years, conceding that huge tax cuts and new spending increases make this goal unattainable, three people familiar with the...