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.
2017-09-19 05:34:00 Tuesday ET

Facebook, Twitter, and Google executives head before the Senate Judiciary Committee to explain the scope of Russian interference in the U.S. presidential el
2017-12-13 06:39:00 Wednesday ET

The Federal Communications Commission (FCC) has decided its majority vote to dismantle rules and regulations of most Internet service providers (ISPs) that
2017-10-27 06:35:00 Friday ET

Leon Cooperman, Chairman and CEO of Omega Advisors, points out that the current Trump stock market rally now approaches normalization. The U.S. stock market
2019-09-21 09:25:00 Saturday ET

President Trump praises great unity and progress at the G7 summit with respect to Sino-U.S. trade conflict resolution, global climate change, containment fo
2020-02-02 11:32:00 Sunday ET

Our fintech finbuzz analytic report shines fresh light on the current global economic outlook. As of Winter-Spring 2020, the analytical report delves into t
2018-06-21 10:42:00 Thursday ET

Harley Davidson plans to move its major production for European customers out of America due to European Union tariff retaliation. European Union retaliator