California Is Staring Down The Barrel Of A Yawning Budget Deficit. Can It Even Be Fixed?
California unveiled a huge budget deficit earlier this year, which has led experts to wonder if the state can even balance its budget without relying on short-term gimmicks. The state is expected…
US Trade Deficit Reached Record High In 2021 As Imports Surged
The U.S. trade deficit continued to grow in December as the import-export gap widened to record highs in 2021, the Census Bureau reported Tuesday. The trade deficit grew by 1.8% in December…
Canada posts surprise trade deficit in December, rebound in sight
By Julie Gordon OTTAWA -Canada posted a surprise trade deficit in December, as imports hit a new record high and exports fell from November, official data showed on Tuesday, but economists expect…
Canada budget deficit shrinks over first eight months of 2021/22
OTTAWA, Jan 28 – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs of the…
Trade Deficit Hits Record As Demand For Imports Soars
Harry Wilmerding on January 6, 2022 The U.S. trade deficit soared to a record high in November as consumer demand for goods and the easing of supply chain bottlenecks caused imports to…
US Trade Deficit Falls Sharply For First Time In 6 Months
The U.S. trade deficit narrowed considerably in October, with exports in energy and commodities offsetting a slight jump in imports, the Commerce Department announced Tuesday. October’s trade deficit fell by 17.6% to…
US Trade Deficit Hits New Record As Inflation Grows And Supply Chain Issues Worsen
The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased amid supply chain problems and growing inflation. The trade deficit of goods…
US Budget Deficit Hits $2.77 Trillion, Slightly Below Last Year’s Record
The Biden administration said Friday that the 2021 U.S. budget deficit was $360 billion lower than in 2020. The deficit figure hit $2.77 trillion in the fiscal year ending Sept. 30, marking…
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