Sentences with phrase «large federal budget deficit»

Those who objected say the charitable giving incentives would help inflate an already large federal budget deficit.

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.

For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.

Not exact matches

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.

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

This was not an issue when the federal government was in deficit but became one once the budget was balanced and annual surpluses, larger than forecast, emerged.

«The large 2001 Bush tax cuts, for example, fueled income inequality while triggering huge federal budget deficits.

«Despite meager inflation growth, the Federal Reserve decided to raise rates 0.25 percent, which is likely attributed to future inflation concerns over: a tightening labor market; limited labor productivity growth; and the Congressional Budget Office projecting large deficits due to the Republican tax plan,» said Joseph Kirchner, senior economist at realtor.com ®, in a statement.