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Monday, February 18, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: deficit

John R. Kasich: Stop ignoring that 21 trillion-pound gorilla sitting in plain sight

Do deficits matter or not? Because if they do, then the U.S. economy and all of us who depend on its well-being are in deep trouble unless we turn things …

Trade deficit getting bigger – despite president’s promises

Trump’s “America First” stance has yet to make a dent in the merchandise trade deficit, which hit a monthly record in September. Amid signs the rising dollar is depressing U.S. …

Staben: Athletics will operate at deficit

University of Idaho President Chuck Staben said during a UI faculty meeting Wednesday the Athletics Department will continue to operate at a deficit this year.

UPDATED: Mon., April 9, 2018, 9:38 p.m.

Analysis: Tax cuts, spending to raise deficit to $1 trillion by 2019

The combined effect of President Donald Trump’s tax cuts and last month’s budget-busting spending bill is sending the government’s budget deficit toward the $1 trillion mark next year, according to …

UPDATED: Thu., April 5, 2018, 5:57 p.m.

U.S. trade gap rises sixtth straight month to 9

WASHINGTON – The U.S. trade deficit rose for the sixth straight month in February, reaching the highest level since October 2008 and defying President Donald Trump’s efforts to rebalance America’s …

Robert J. Samuelson: America’s prudence deficit

The bipartisan budget agreement reached last week by congressional leaders is nothing if not a huge evasion of responsibility. Neither party will make the unpopular choices necessary to pay for …

UPDATED: Tue., Feb. 6, 2018, 10:14 a.m.

U.S. trade gap hits $566 billion in 2017, highest since 2008

The U.S. trade deficit hit the highest level in nine years in 2017, defying President Donald Trump’s efforts to bring more balance to America’s trade relationships.

Budget talks bogged down by immigration, deficit concerns

A week after a standoff forced a three-day government shutdown, congressional budget talks remain bogged down by Democrats’ demands to protect “Dreamer” immigrants and GOP conservatives’ concerns about a booming …

December U.S. budget deficit shrinks to $23.2 billion

The federal government recorded a budget deficit of $23.2 billion in December, smaller than a year ago. But for the first three months of this budget year, the deficit is …

Rainy autumn leaves Oregon with meager snowpack

Plenty of rain has fallen in Oregon since October, the beginning of the recorded rain year. Yet the snowpack for the entire state is 54 percent below normal. The snowpack …

Why Republicans who once fought budget debt now embrace it

When did Republicans stop worrying and learn to love budget deficits?

U.S. budget deficit up sharply to $63.2 billion in October

The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago.

Jennifer Rubin: Business groups cool to tax plan

The people who are supposed to be thrilled about the bill aren’t thrilled. The amount of debt created for the limited amount of growth it is expected to deliver seems …

CBO forecasts Alexander-Murray health-care plan would slightly lower deficit

A bipartisan Senate plan to try to stabilize Affordable Care Act marketplaces would lower the federal deficit by nearly $3.8 billion during the next decade and would not affect the …

UPDATED: Mon., Oct. 23, 2017, 10:37 p.m.

WSU president announces sweeping budget cuts to reduce $30 million deficit

Washington State University President Kirk Schulz announced sweeping budget cuts in an online statement Monday evening, fulfilling a promise he made when starting the job to curb the university’s spending …

CBO: Federal budget deficit rises to $668 billion

The federal government ran a $668 billion budget deficit for the just-completed 2017 fiscal year, according to a new government report. That’s $82 billion more red ink than the government …

UPDATED: Mon., April 24, 2017, 6:06 p.m.

Trump seeks 15 percent corporate tax rate, even if it swells the national debt

President Donald Trump has instructed advisers to drastically cut the corporate tax rate even though doing so will expand the deficit and grow the national debt, sticking to one of …

U.S. trade deficit narrows to smallest in more than a year

The U.S. trade deficit shrank in September to the lowest level in more than a year on stronger exports of goods and travel services.

Deficit increase after years of declines, new estimate indicates

A new government report released Tuesday blames lower-than-expected tax revenues for a spike in this year’s budget deficit to $590 billion. That’s an increase of about one-third over last year’s …

U.S. sees small surplus in June, but deficit up for year

The federal government recorded a small budget surplus in June, but the deficit so far this budget year is still running 26.7 percent higher than a year ago.

Trump’s budget, tax plans add at least $10 trillion to debt, study shows

A new Washington study says Donald Trump’s tax and budget plans would make the national debt skyrocket by $10 trillion or more over the coming decade, mostly because of his …

New WSU president says he’ll curb overspending

Washington State University’s new president says the school’s spending habits are “simply not sustainable.” But he plans to change that.

Robert J. Samuelson: Plans to soak the rich wouldn’t end deficit

If you want much bigger government, you have to pay for it with broadly based taxes, even if the rich and upper middle class bear the biggest burdens.

Senate GOP delays action on budget

A Senate panel has delayed action on an annual budget blueprint, as Republicans disagree among themselves on spending levels and trillions of dollars in longer-term budget cuts.

Obama cheers economy as ‘pretty darn great’

President Barack Obama says Republicans may be making “doomsday” claims about the economy, but he has another take: “America’s pretty darn great right now.”

President Obama: Deniers of economic gains aren’t telling the truth

President Barack Obama on Friday pushed back against relentless Republican criticism of his economic leadership, saying his policies are paying off in “big tangible ways” and anyone who doesn’t acknowledge …

Federal budget in black for January

The federal government recorded a budget surplus in January of $55.2 billion, helped by a timing quirk that shifted benefit payments to December.

Analysis: Obama’s budget sees next president inheriting healthy economy

The economic assumptions underlying President Barack Obama’s proposed budget for the fiscal year starting Oct. 1 are fairly optimistic for the near term, although weaker than projections made in the …

A look at Obama’s final budget proposal for 2017

President Barack Obama proposed a record $4.1 trillion budget on Tuesday.

Congressional Budget Office: Economy grows, but so does deficit, thanks to tax breaks

The U.S. economy is on track to expand “solidly” this year, but the federal deficit is creeping up again, thanks in large part to a package of tax breaks enacted …