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Did Someone Say Spending Restraint?

…House has summoned reporters well ahead of the official budget release to project a higher-than-anticipated deficit. In the past two years, when final deficit figures have come in at record…

The US Trade Deficit

…this deficit is, of course, due to trade with China. China alone accounts for $166bn of the $645bn deficit that the US has run so far this year. But the…

Is the Current Account Deficit Bad? A commenter over the weekend posed this important question, so I thought I’d take a stab at answering it. The Current Account (CA) deficit

Trade deficit is going where?

…as virtually all the retailer’s cheap goods are imports from Asia. The trade deficit A quick look at where the US’s trade deficit is concentrated reveals just how grim the…

Snow’s Garbage on the Deficit

Aaargh! Snow: Spending cuts to reduce deficit WASHINGTON (Reuters) – The White House aims to shrink the U.S. budget deficit through spending restraint and strong government revenues but will oppose…