Sentences with phrase «large federal deficits»
These increases appear to reflect concerns about large federal deficits but also other causes, including greater optimism about the economic outlook, a reversal of flight - to - quality flows, and technical factors related to the hedging of mortgage holdings.
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Most outside economic analyses say the type of tax cuts being promoted by Trump would likely fuel even larger deficits for a federal government already projected to see its debt steadily rise.
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.
What are the options available to the federal government, especially when the government is confronted with a structural deficit that not only refuses to go away, but also is likely to get larger?
For the government sector, large federal budget deficits are a constraint and fiscal policy is slowly shifting from an expansive policy back toward restraint.
The federal government disclosed a larger - than - expected trade deficit and the dollar fell in value.
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.
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.
That is the largest of any state's deficit, based largely on federal income tax collections from New York increasing during that time.
Albany faces even larger deficits in the next two fiscal years, after the expiration of a temporary tax increase on the wealthy in the coming year and the end of federal stimulus financing in the following year.
If adopted on a large scale in New York and California, the measure would sabotage Trump's federal tax law by sapping its revenue stream while compounding federal deficits years down the road, according to the tax experts.
Those who objected say the charitable giving incentives would help inflate an already large federal budget deficit.
Like every government agency, NASA faces sharp cutbacks as part of the larger effort to tame the federal deficit; this was underscored in July, when the House Appropriations Committee stripped funding for the high - priority (and over-budget) James Webb Space Telescope.
Despite these large deficits, the federal debt - to - GDP ratio — while rising in the fiscal year (FY) that begins April 1 from 31.2 % to 32.5 % — will fall over each of the next five years to end FY 2020 - 21 at 30.9 %.
«The large 2001 Bush tax cuts, for example, fueled income inequality while triggering huge federal budget deficits.
With large US deficits, trade deficits, the quantitative easing already performed by the Federal Reserve, easy money policies, and worldwide debt concerns, investors may rightly be cautious regarding the potential for inflation over upcoming years.
As the economy remains on shaky ground and the federal deficits get larger, Congress has been tasked with the job of reducing money spent.
«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.