Search results
Results from the WOW.Com Content Network
Since 1981, federal budget deficits have increased under Republican presidents Ronald Reagan, both Bushes, and Trump, while deficits have declined under Democratic presidents Clinton and Obama. The economy ran surpluses during Clinton's last four fiscal years, the first surpluses since 1969.
Gross US Federal Debt as a Percentage of GDP, by political party of President Debt held by the public reached a high of 49.5% of GDP at the beginning of President Clinton 's first term. However, it fell to 34.5% of GDP by the end of Clinton's presidency due in part to decreased military spending, increased taxes (in 1990 , 1993 and 1997 ), and ...
The budget deficit in fiscal 2018 (which runs from October 1, 2017, to September 30, 2018, the first year budgeted by President Trump) is forecast to be $804 billion, an increase of $139 billion (21%) from the $665 billion in 2017 and up $242 billion (39%) over the previous baseline forecast (June 2017) of $580 billion for 2018. The June 2017 ...
This highlights the fact that despite what presidents say, their real-world economic impact may not be quite what we expect. ©Library of Congress Lyndon B. Johnson (1963-1969)
Johnson added there was a "giant deficit" — which is over $838 billion for fiscal year 2025 so far, according to the Bipartisan Policy Center — the U.S. was grappling with as well.
(The Center Square) – The latest federal numbers show the U.S. deficit is soaring as President Joe Biden heads out of office. The U.S. Congressional Budget Office released its monthly budget ...
President Obama announced a 10-year (2012–2021) plan in September 2011 called: "Living Within Our Means and Investing in the Future: The President's Plan for Economic Growth and Deficit Reduction." The plan included tax increases on the wealthy, along with cuts in future spending on defense and Medicare.
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.