Post Tagged with: "US deficit"

Source: Fox Business

Yellen says Biden still open to wealth tax, other increases for top earners

Fox Business

Treasury Secretary Janet Yellen indicated that President Biden is open to pursuing a wealth tax as a means of paying for his multitrillion-dollar agenda and addressing the nation’s swelling federal budget deficit.

Sen. Elizabeth Warren and other progressives

March 16, 2021 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

U.S. December deficit hits $144 billion, record for the month


WASHINGTON – The U.S. government posted a December budget deficit of $144 billion – a record for the month – due to far higher outlays with coronavirus relief spending and unemployment benefits, while revenues ticked slightly higher, the Treasury …

January 13, 2021 - 3:30 pm Closing Bell Story‎, Economy, Finance