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Fiscalpolicy

All articles tagged with #fiscalpolicy

economy5 months ago

Analysis Warns Trump’s Policies Could Accelerate Social Security Insolvency

A new analysis indicates that President Trump's recent tax and spending law, dubbed 'One Big, Beautiful Bill,' will accelerate the timeline for potential Social Security benefit cuts, possibly as soon as 2032, due to reduced income from tax changes and ongoing demographic challenges like aging populations and lower birth rates. The long-term financial health of Social Security remains strained, with projections showing a significant unfunded obligation and the trust fund depleting by 2033, highlighting the need for comprehensive reforms.

via The Motley Fool|
#benefitcuts#demographics#economy
finance1 year ago

China Plans Aggressive Economic Stimulus Amid Global Challenges

Chinese stocks initially surged on optimism over policy pledges to revive economic growth but later pared gains, reflecting investor caution. The CSI 300 Index rose up to 3.3% before closing with a 0.7% gain, while Hong Kong-listed Chinese firms ended down 0.4%. Investors are awaiting concrete measures from the upcoming Central Economic Work Conference, following the Politburo's commitment to a "moderately loose" monetary policy and proactive fiscal measures. Analysts remain cautious about the potential impact of these policies.

via Yahoo Finance|
#chinesestocks#economicpolicy#finance
economy1 year ago

The Fallout of the Democrats' $1.9 Trillion Gamble

The Biden administration's $1.9 trillion American Rescue Plan, aimed at stimulating the economy post-pandemic, is now seen as a contributing factor to the surge in inflation, which led to voter discontent and Donald Trump's return to the White House. Despite the plan's initial success in boosting economic recovery, the inflationary impact overshadowed its benefits, leading to skepticism about large-scale fiscal interventions in future recessions. Critics argue that the plan's inflationary effects were significant, and the rapid economic expansion it fueled was taken for granted by voters.

via Axios|
#americanrescueplan#bidenadministration#economicrecovery
economy2 years ago

"U.S. National Debt Surpasses $34 Trillion Amid Congressional Budget Battles"

The U.S. national debt has surpassed $34 trillion for the first time, raising concerns among fiscal watchdogs and leading to political disputes over government spending and taxation. The increase in debt comes despite a strong economy and low unemployment, typically a period to reduce deficits. Both parties have contributed to the rising debt through various policies, and the issue is complicating negotiations for the fiscal year 2024 budgets, with the threat of a government shutdown looming. Rising interest rates have also significantly increased the cost of servicing the debt, with the U.S. spending $2 billion daily on interest payments. Lawmakers are considering various measures, including tax increases, spending cuts, and the formation of a bipartisan debt commission to address the growing fiscal challenge.

via CNN|
##debtceiling#economy
economy2 years ago

"U.S. Debt Surpasses $34 Trillion Amid Economic Concerns and Congressional Budget Battles"

The U.S. national debt has reached a record $34 trillion, surpassing projections years earlier than expected due to heavy borrowing during the pandemic to support the economy. This increase has raised concerns about the long-term economic impact, including the sustainability of major programs like Social Security and Medicare. The debt's growth could lead to higher inflation and interest rates, affecting the cost of repaying the debt. Political divisions persist, with Democrats advocating for tax hikes on the wealthy and corporations, and Republicans pushing for spending cuts and tax reductions. The trajectory of the national debt is seen as unsustainable by some, with potential severe consequences for the U.S. economy.

via The Associated Press|
##debtceiling#economicchallenges
economy2 years ago

"U.S. Debt Surpasses $34 Trillion Amid Economic Concerns and Congressional Budget Battles"

The U.S. national debt has reached a record $34 trillion, surpassing earlier projections due to heavy borrowing during the pandemic to support the economy. This increase has raised concerns about the long-term economic impact and the sustainability of government spending, especially with regard to major programs like Social Security and Medicare. The debt's growth could lead to higher inflation and interest rates, affecting the cost of repaying the debt. As Congress prepares for budget negotiations, Republicans and Democrats differ on how to address the debt, with the former advocating for spending cuts and the latter for tax increases on the wealthy and corporations. The trajectory of the national debt is a key issue for the upcoming presidential election, with both parties positioning their strategies for voter consideration.

via Yahoo Finance|
##debtceiling#economicchallenges