U.S. deficit swells to $691 billion in first half of 2019
U.S. deficit swells to $691 billion in first half of 2019
In part, this growth was driven by the to sweeping tax cuts in 2017.
Axios
Axios
Defying Data, Kudlow Says Trump's Tax Cuts Covering Their Costs
Defying Data, Kudlow Says Trump's Tax Cuts Covering Their Costs
President Donald Trump’s top economic adviser said Thursday that the administration’s historic $1.5 trillion tax-cut package was already paying for itself amid sustained economic growth.
Bloomberg
Bloomberg
World’s Largest Sub-Sovereign Debtor to Detail Plan for Balance
World’s Largest Sub-Sovereign Debtor to Detail Plan for Balance
Ontario’s finance minister is poised to lay out a long-awaited schedule for balancing the books of Canada’s provincial powerhouse as he attempts to wrestle down the deficit without too many disruptive cuts to public services.
Bloomberg
Bloomberg
U.K. Economy Set for a Stronger Quarter as Output Rises Again
The U.K. economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government.
Bloomberg
Bloomberg
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Ontario to Balance Budget in 5 Years With Slower Spending
Ontario plans to balance its budget in five years by relying on higher revenue and reining in spending on everything from education to social services as the world’s largest sub-sovereign borrower moves to bring its fiscal house in order.
Bloomberg
Bloomberg
‘Fiscal Boy Scout’ Quebec Offers Lessons for Debt-Laden Neighbor
For tips on how to end a streak of budget deficits, Ontario needs to look no further than its eastern neighbor.
Bloomberg
Bloomberg