Federal Budget (U.S.) Deficits

  • SAO PAULO, April 23- A Brazilian congressional committee could vote on Tuesday on a highly anticipated pension reform bill after the government agreed to alter certain minor provisions, several local newspapers reported on Tuesday. Pension reform is considered essential by economists to balance the budget of Brazil's ever-growing fiscal deficit and was a...

  • BEIRUT, April 19- Lebanon's finance minister said on Thursday that Lebanese banks should play a role in reducing the state's budget deficit to complement measures planned by the government to rein in public spending. Ali Hassan Khalil, in a televised interview, signalled government plans to cut the public-sector wage bill, saying a ceiling must be put on wages,...

  • ROME, April 9- Italy cut its growth forecasts for this year and next on Tuesday while hiking the budget deficit and public debt, underscoring the economic woes faced by the populist ruling coalition. The slowdown in growth hurts public finances, and the Treasury raised this year's budget deficit target to 2.4 percent of GDP from a 2.04 percent goal fixed in...

  • Giuseppe Conte, Italy's prime minister, gestures as he speaks during an interview at Chigi palace in Rome, Italy, on Tuesday, Oct. 23, 2018. 

    The Italian finance ministry is set to release updated fiscal plans Wednesday, with analysts contemplating another dispute with the EU and volatility in the country's bond market.

  • OECD SEES ITALY 2019 BUDGET DEFICIT AT 2.5 PCT OF GDP, 2020 AT 3.0 PCT.

  • BOGOTA, March 29- Colombia's fiscal rules committee has expanded the deficit limit for this year and next, citing the impact on government finances of the arrival of more than a million Venezuelan migrants. "The current reality is characterized by a temporary shock that merits this modification," Finance Minister Alberto Carrasquilla told journalists.

  • MADRID, March 29- The Spanish economy expanded at the slowest pace last year since 2014 while the budget deficit slipped below the Brussels- set target of 3 percent of gross domestic product for the first time since the 2008 financial crisis, data showed on Friday. The figures also showed Spain emerged from the EU-set excessive deficit procedure last year after...

  • ISLAMABAD, March 29- Pakistan's central bank raised its key interest rate by 50 basis points to 10.75 percent on Friday, citing continuing inflationary pressures and a high fiscal and current account deficit. The State Bank of Pakistan said pressure on foreign exchange reserves had eased since the last meeting of the monetary policy committee in January, with...

  • US has largest monthly budget deficit in February

    CNBC's Eamon Javers reports from Washington D.C. on the news that the U.S. posted its largest monthly budget deficit of $234 billion in February.

  • OTTAWA, March 19- Canada said on Tuesday it would issue nearly 20 percent more bonds in the coming fiscal year to help the Liberal government fund its spending programs, ahead of an October election. To help finance the wider deficit and maturing bonds, Canada plans to issue C $119 billion of bonds in 2019-20, up from an estimated C $100 billion in 2018-19, the...

  • When interest rates are low, there is less urgency about addressing the debt, says expert

    David Wessel, Brookings Institution, joins 'The Exchange' to discuss the U.S. federal deficit exploding to the largest level in history.

  • CBO: Tax cuts will only generate enough growth to offset 20% of cost

    CNB's senior economic reporter Steve Liesman breaks down the Congressional Budget Office's latest report on the effects of the tax cuts.

  • Why these two economists agree that deficits matter

    Arthur Laffer, who served on President Reagan's economic policy advisory board and is now Laffer Associates founder and chairman, and Bill Gale, former CEA senior economist during the first Bush administration and current Brookings Institution senior fellow, co-director of the Tax Policy Center, join "Squawk Box" to discuss the nuances of the U.S. deficits. They are joined by CNBC's senior economics reporter Steve Liesman and real estate mogul Sam Zell.

  • DUBAI, March 6- Moody's cut Oman's credit rating to junk, saying its outlook for the rating was negative and citing fiscal challenges in an environment of moderate oil prices. Oman's state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame. "The market needs to see some signs from Oman to...

  • *China sets GDP growth target of 6.0-6.5 pct vs 2018 goal of around 6.5 pct. *China raises budget deficit to 2.8 pct of GDP vs 2.6 pct in 2018. BEIJING, March 5- China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to softer domestic demand and a...

  • *China sets GDP growth target of 6.0-6.5 pct vs 2018 goal of around 6.5 pct. *China raises budget deficit to 2.8 pct of GDP vs 2.6 pct in 2018. BEIJING, March 5- China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending, with economic growth at its weakest in almost 30 years due to weaker domestic demand and a...

  • I wish China the 'best of luck' in reaching its NPC goals: Analyst

    Andrew Collier of Orient Capital Research says there are "a lot of games being played" with the fiscal deficit targets presented in China's National People's Congress, but says they are doing a "pretty good job" of handling a "difficult situation."

  • *China sets GDP growth target of 6.0-6.5 pct vs 2018 goal of around 6.5 pct. *China raises budget deficit to 2.8 pct of GDP from 2.6 pct last year. Sources told Reuters earlier this year that China would cut its 2019 growth target to 6.0 to 6.5 percent from the 2018 target of around 6.5 percent as global and domestic demand ebbed and a trade war with the United States...

  • *China sets GDP growth target of 6.0-6.5 pct vs 2018 goal of around 6.5 pct. *China raises budget deficit to 2.8 pct of GDP from 2.6 pct last year. *China sets CPI target at around 3 pct, unchanged from last year.

  • BEIJING, March 5- China has set its 2019 economic growth target at 6.0 to 6.5 percent, Premier Li Keqiang said in his annual work report on Tuesday, lower than last year's goal of around 6.5 percent. The government has set its 2019 target for consumer price inflation at around 3 percent and its budget deficit goal at 2.8 percent of gross domestic product, Li said at the...