…exports. Obviously, a surplus in any category would yield an X/M ratio greater than 1.00, and a deficit yields an X/M ratio less than one. During the first three months…

This morning’s release of the trade data for March by the BEA showed a bit of a narrowing of the trade deficit on goods and services, from $60.6 bn in…

…2018 “just IOUs” yahoo – that was all one great hoax as what they were really doing is subsidizing the General Fund deficit so Ronald Reagan can cut income taxes…

…as imprecise. “Its hemorrhaging money” is his subtitle but chart 5 does not say there is a current deficit – it says there is a projected deficit. Bruce once emailed…

…for deficit reduction but not a lot. But the most important policy change that Kerry has promised to implement is to restore the importance of addressing the budget deficit. The…

…little graphical reminder of that point below. The deficit: Bush will shirk responsibility for the deficit, arguing that the deficit is the result of 9/11 and the recession, but Bush…

If you want to see a bleakly pessimistic picture painted of the sustainability of the US’s current account deficit, take a look at this paper by Nouriel Roubini and Brad…

Jonathan Weisman, writing in the Washington Post today, reports that Kerry’s plan won’t balance the budget. Sen. John F. Kerry’s pledge to reduce record federal budget deficits is colliding with…

…government deficits in the economy: The federal government deficit = non-government savings (of net financial assets). That’s fact, not theory, a.k.a. an ‘accounting identity.’ Non-government savings include that of both…

…U.S. fiscal deficit,” IMF chief economist Raghuram Rajan told reporters in a briefing on the new report. The IMF’s forecast that the U.S. budget deficit will be a significant drag…