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Federal debt held by the public to exceed GDP by next year: CBO
Business

Federal debt held by the public to exceed GDP by next year: CBO

Jay Heflin -
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House Minority Leader Kevin McCarthy of Calif., speaks during a news conference on Capitol Hill in Washington, Friday, Oct. 18, 2019.
Economy

Republican ‘Commitment to America’ abandons spending restraint

Washington Examiner -
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The Treasury Department's report on Russian oligarchs is not a sanctions list, however, many individuals on the list are subject to current U.S. sanctions. Parts of the Treasury report still remain unclassified. (AP Photo/Jacquelyn Martin, File)
Business

Deficit swelled to record of over $3 trillion 11 months into fiscal year

Jay Heflin -
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President Donald Trump listens during a coronavirus task force briefing at the White House, Sunday, April 5, 2020, in Washington.
Editorials

CBO fires a warning shot on debt ahead of 2020 election

Washington Examiner -
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The U.S. Treasury Department building in Washington, Thursday, June 8, 2017. (AP Photo/Pablo Martinez Monsivais)
Beltway Confidential

CBO says US will spend $6.6 trillion in 2020, more than twice what it collects in taxes

Philip Klein -
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FILE- In this May 30, 2018, file photo the East Front of the U.S. Capitol in Washington is seen under stormy skies. On Tuesday, June 12, the Treasury Department releases federal budget data for May.
Business

Deficit to triple to $3.3 trillion: Congressional Budget Office

Jay Heflin -
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Ron Johnson is right: Breakdown of coronavirus aid talks is actually a good thing
Beltway Confidential

Ron Johnson is right: Breakdown of coronavirus aid talks is actually a good thing

Brad Polumbo -
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A bill before the D.C. Council would raise the minimum wage to $11.75 an hour for businesses with at least 75,000 square feet of retail space and $1 billion in annual revenues. (Photo: Thinkstock)
Business

Federal deficit swells to nearly $3 trillion in first 10 months of fiscal year 2020

Jay Heflin -
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In this April 15, 2014 photo, workers assemble blender bases at the Vitamix manufacturing facility in Strongsville, Ohio. The Institute for Supply Management, a trade group of purchasing managers, issues its index of manufacturing activity for April on Thursday, May 1, 2014. (AP Photo/Mark Duncan)
Economy

IMF expects US economy to contract 6.6% in 2020 and warns of ‘significant economic hardship’

Spencer Neale -
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President Trump directed Treasury Secretary Steven Mnuchin to design a financial aid program for oil companies with Energy Secretary Dan Brouillette (not pictured).
Beltway Confidential

Thank you notes are in order, addressed to all the countries buying US Treasury debt

Bruce Yandle -
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