Tag Archives: deficit

International trade deficit surges to highest in a decade 

The U.S. trade deficit jumped to a 10-year high in October as soybean exports continued to fall and imports of consumer goods rose to a record high, suggesting the Trump administration’s tariff-related measures to shrink the trade gap likely have been ineffective. The Commerce Department said on Thursday the trade deficit increased 1.7 percent to $55.5 billion, the highest level ...

Read More »

US Trade Deficit Soars To Record High As Exports Tumble

The October advanced trade balance (deficit) of goods worsened to $77.2 billion ($77.0 billion expected) from $76.3 billion in September. This is a new record high deficit for Trump’s America… In December 2016, the US goods trade deficit was $63.485 billion. In October 2018, the US goods trade deficit is $77.2 billion. A dramatic rise of almost $14 billion since ...

Read More »

Jeff Gundlach on rising deficit and rates

Bond investor Jeffrey Gundlach, the founder of DoubleLine Capital, reiterated his assertion that the U.S. is “on a suicide mission” by increasing its deficit while the Fed is raising interest rates. Gundlach made the comments during a webcast on Tuesday afternoon shortly after the U.S. Treasury reported that the federal government ran a budget deficit of nearly $100.5 billion during October, an approximately 59% increase ...

Read More »

U.S. trade gap widens; deficit with China rises to record high

FILE PHOTO: A Maersk Line container ship prepares to depart port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike Blake/File Photo WASHINGTON (Reuters) – The U.S. trade deficit rose to a seven-month high in September as imports surged to a record high amid strong domestic demand, offsetting a rebound in exports. The Commerce Department said on Friday the trade ...

Read More »

Should We Worry About Government Deficit?

If our elected leaders are not concerned about the government deficit, should the citizens be worried? Governments worldwide spend more than their total revenue and borrow to make up the difference. The U.S. Debt Clock shows the US federal debt to be $21.6 trillion, averaging $177,283 per taxpayer. The government now pays interest on $21.6 trillion. Below is a graph ...

Read More »

US budget deficit jumps 17% in 2018

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘politics/2018/02/08/republican-leaders-budget-deficit-orig-cs.cnn’,width: ‘100%’,height: ‘100%’,section: ‘international’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘const-article-carousel-pagetop’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”When Republican leaders were against spending”,”duration”:”01:15″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/politics/2018/02/08/republican-leaders-budget-deficit-orig-cs.cnn/index.xml”,”videoId”:”politics/2018/02/08/republican-leaders-budget-deficit-orig-cs.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/170925070739-01-ryan-mcconnell-file-large-169.jpg”,”videoUrl”:”/videos/politics/2018/02/08/republican-leaders-budget-deficit-orig-cs.cnn/video/playlists/business-economy/”,”description”:”Republican leaders railed against the deficit for years, now they’re embracing a bipartisan budget deal that adds almost $300 billion to US debt.”,”descriptionText”:”Republican leaders railed against ...

Read More »

Social Security In Deficit = More Public Treasury Borrowing

Summary Largely ignored by the markets,  Social Security moved into structural deficit this year Social Security has been running primary deficits since the GFC; that is financing itself by the interest earned on Treasury securities The government will no longer be able to borrow from the Social Security Trust Fund ( Old-Age Survivors Insurance (OASI) Trust Fund) to fund its on-budget deficits The Social ...

Read More »