The non-partisan Congressional Budget Office (CBO) forecasts a budget deficit
During Tuesday's meeting of ECOFIN, the Council of the EU Finance Ministers, a decision was made to press Bulgaria, Denmark, Cyprus, and Finland to cut their budget deficit
Secondly, the scale of budget deficits
(likely to be 12 per cent of GDP in the current financial year) has already brought arguments that budget deficits
have to be reduced, through tax increases and public expenditure reductions.
The impact of budget cuts on the trade deficit is difficult to measure precisely--studies find that every $100 in budget deficit
reduction yields from $20 to $50 in trade deficit reduction.
The nonpartisan Congressional Budget Office (CBO) announced on August 26th that the fiscal year 2004 federal budget deficit
will be an estimated $480 billion, and that deficits could total $5 trillion over the next 10 years.
Your work has contributed importantly to shrinking the budget deficit
and bringing surpluses within sight.
Accordingly, this study empirically investigates the impact of federal budget deficits
in the U.
It further suggests that the observed positive association between federal budget deficits
and interest rates in the U.
And Peter Kilborn, an economics correspondent for The New York Times, regularly suggests that budget deficits
are either going away or don't matter anyway.
Examples of this are massive government budget deficits
that are financed mainly by debt; the increasing use of leverage by corporations, exacerbated by the move towards leveraged buyouts; and the overuse of credit by individuals.
The growth in federal budget deficits
is the primary factor in the dollar's decline.
120) is that he altered his position on income tax changes or budget deficits
a number of times from 1974 to 2004.
WASHINGTON - Federal Reserve Chairman Alan Greenspan said Thursday that future budget deficits
pose a bigger risk to the economy than record trade imbalances and the country's extremely low savings rate.
Currently, real long-term interest rates remain relatively high, partly because of the expected growth of budget deficits
later in this decade and thereafter.
Although there is a rich literature on the interest-rate impact of federal budget deficits
[3; 4; 6; 7; 10; I 1; 13; 15; 16; 17; 18], none of the published research has investigated the impact of the budget deficit
on interest rate measures directly faced by S&Ls, such as the cost of funds to the S&Ls, the yield on new home mortgages at S&Ls, or the S&L mortgage portfolio yield.