2019-10-25 07:49:00 Fri ET
treasury deficit debt employment inflation interest rate macrofinance fiscal stimulus economic growth fiscal budget public finance treasury bond treasury yield sovereign debt sovereign wealth fund tax cuts government expenditures
U.S. fiscal budget deficit hits $1 trillion or the highest level in 7 years. The current U.S. Treasury fiscal budget deficit rises from $779 billion to $1.07 trillion during the Trump administration from November 2016 to September 2019. About 60% of this Treasury budget shortfall arises from the Trump tax credits for U.S. residents and corporations. These tax cuts exacerbate the current fiscal imbalance in addition to several other fiscal stimulus packages on infrastructure, education, and technology. The fiscal deficit boosts American national debt to $22.5 trillion (or a 13% increase during the current Trump administration).
However, the fiscal deficit as a percentage of U.S. GDP decreases from a peak of almost 10% in 2009 to about 5% as of September 2019. This evidence galvanizes popular support for the Republican consensus view that both the Trump tax cuts and other fiscal stimulus packages help boost U.S. economic growth, employment, and capital investment. The U.S. unemployment rate remains at the historically low 3.7% level, and the U.S. economic growth rate reaches almost 3% per year. With low core inflation expectations below the 2% target, the Federal Reserve maintains the dual mandate of both maximum sustainable employment and price stability.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-03-13 12:35:00 Wednesday ET

Uber seeks an IPO in close competition with its rideshare rival Lyft and other tech firms such as Slack, Pinterest, and Palantir. Uber expects to complete o
2018-10-07 13:39:00 Sunday ET

The U.S. greenback soars in value as the Federal Reserve continues its interest rate hike. With impressive service-sector data and non-farm payroll wage gro
2017-12-11 08:42:00 Monday ET

Fed Chair Janet Yellen says the current high stock market valuation does not mean overvaluation. A stock market quick fire sale would pose minimal risk to t
2017-04-19 17:37:00 Wednesday ET

Apple is now the world's biggest dividend payer with its $13 billion dividend payout and surpasses ExxonMobil's dividend payout record. Despite the
2017-03-15 08:46:00 Wednesday ET

The heuristic rule of *accumulative advantage* suggests that a small fraction of the population enjoys a large proportion of both capital and wealth creatio
2018-10-17 12:33:00 Wednesday ET

The Trump administration blames China for egregious currency misalignment, but this criticism cannot confirm *currency manipulation* on the part of the Chin