Keyword "budget deficits" - List of latest news (54 results)

06:05 Treasurer, contender face off in debate

Australia’s next Treasurer will be tasked with guiding the nation through a “pivotal moment”, as two key issues inflame an increasingly uncertain global environment, the Business Council of Australia boss has declared.

08/04 'Big Short' investor Steve Eisman on tariff turmoil: Don't be a hero

Steve Eisman warns Wall Street isn't done discounting worst-case scenarios tied to the Trump's tariffs. But he doesn't see another financial crisis.

03/04 Disability advocates sue Social Security Administration and DOGE to stop service cuts

New Social Security Administration reforms under DOGE are unlawful and harmful to vulnerable beneficiaries who rely on the program, a new lawsuit alleges.

01/04 Changes at Social Security Administration may impact customer service, benefit payments, experts say

The Social Security Administration's reported plans to switch its technology systems on an accelerated timeline may put benefit payments at risk, experts warn.

24/03 Senators press Trump Social Security nominee on his views about privatizing the agency

Fiserv CEO Frank Bisignano is scheduled Tuesday to face senators' questions on his nomination to serve as Social Security commissioner.

21/03 Social Security chief reverses stance, says he won't shut agency because judge barred DOGE from records

A federal judge's order may require the agency to terminate access for all employees to its IT systems, acting commissioner Lee Dudek told Bloomberg.

17/03 With Social Security Administration under temporary leadership, some experts worry what that means for benefits

Some experts worry new changes at the Social Security Administration may make it more difficult to access the agency's benefits and services.

09/03 If Medicaid cuts include work requirements, people may lose health coverage as a result, research finds

Congress may have to implement Medicaid cuts to reach its budget targets. That could include new work requirements in order to obtain coverage.

05/03 Congress' proposed cuts may jeopardize Medicaid and negatively impact the economy, report finds

Federal cuts to Medicaid would impact more than 80 million people who rely on the program. It may also negatively effect the economy, new research finds.

03/03 As Social Security plans to cut about 7,000 workers, some experts worry that may affect benefits

The Social Security Administration has announced new efforts to bring down costs. Plans to cut staff have prompted concerns from some experts.

01/03 Social Security has never missed a payment. DOGE actions threaten 'interruption of benefits,' ex-agency head says

New changes at the U.S. Social Security Administration may put its ability to deliver monthly benefit checks at risk, former agency head says.

27/02 Trump, Musk float idea of $5,000 'DOGE dividend' checks. Here's what experts say

As the Department of Government Efficiency looks to make massive spending cuts, there's talk of sending some of the money back to Americans.

19/02 As DOGE continues federal budget cuts, Elon Musk turns focus to people over 100 receiving Social Security benefits

Amid efforts to cut wasteful federal spending, there's new scrutiny on just how long some Social Security beneficiaries have been receiving payments.

18/02 Trump's plan to eliminate income taxes on Social Security benefits would help high-income households, report finds

President Donald Trump plans to fulfill his campaign promise to end taxes on Social Security benefit income. A new report finds that will benefit high earners.

13/02 Why benefit increases prompted by the Social Security Fairness Act may be difficult to implement

A new law will provide Social Security benefit increases for more than 3.2 million individuals. Yet it may take more than a year before some see the money.

11/02 'Keep your hands off our Social Security,' lawmakers warn amid DOGE budget cuts

As the Trump administration seeks to make massive cuts to federal spending, certain lawmakers and advocates say Social Security shouldn't be a target.

05/02 How Elon Musk's access to Treasury system may impact Social Security, other government payments

Elon Musk and his aides have been tasked with finding ways to reduce federal spending and increase government efficiency.

29/01 Here are changes Americans would make to close Social Security's financing gap

Social Security benefits may be reduced in the next decade due to a financing shortfall. A new survey asks Americans how they would fix the program.

28/01 Over 3 million Social Security Fairness Act beneficiaries may wait more than a year for higher payments: agency

The Social Security Fairness Act will provide benefit increases to more than 3 million individuals. But it's uncertain when they will see that money.

15/01 Worried about Social Security's future? Here's what experts say to consider before claiming benefits

A new law adds to Social Security's benefit costs at a time the program's funding is already running low. Here's what that means for retirement planning.

14/01 Budget deficit rose in December and is now 40% higher than it was a year ago

For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually represented a 33% decline from a year prior.

13/01 New Social Security benefit legislation may worsen insolvency. Broad reform remains elusive, experts say

The Social Security Fairness Act was signed into law on Jan. 5 following years of lobbying efforts. Why policy experts are not happy about the change.

11/01 Trump's plan for mass deportation could have a big effect on prices

Some experts say there is really nothing the government can do about high food prices.

24/12 China plans $411 billion special treasury bond issuance next year, Reuters reports

Chinese authorities is issuing $411 billion worth of special treasury bonds next year, which would be the highest on record, Reuters reports.

20/12 As Congress works to avoid a shutdown, here's what's next for a bill to increase Social Security benefits for public pensioners

The Senate may soon consider a bill that would increase Social Security benefits for individuals who also receive public pensions.

15/12 Chalmers skirts key budget deficit question

Jim Chalmers has refused to say whether the combined $122.1bn deficits forecast over the next four years will increase in the December budget update, which is set to be released on Wednesday.

16/11 How to protect your portfolio against risks tied to President-elect Trump's tariff agenda

Astoria Portfolio Advisors CEO John Davi said he thinks the new administration's policies could be "very inflationary."

18/10 As nervous investors worry about the presidential election, public debt is a top concern financial advisors say

The impacts of outstanding U.S. debt could have long-lasting implications beyond the November election, according to new research.

15/10 9 million Mozambicans live below the poverty line - what’s wrong with the national budget and how to fix it

Budget credibility is crucial for Mozambique’s economic development and public trust.

12/10 Elon Musk is on track to become a trillionaire by 2027. Here's why the rich keep getting richer

Wealthier individuals typically have larger portions of their assets in the stock market, while middle-income households hold more wealth in real estate.

12/09 Interest payments on the national debt top $1 trillion as deficit swells

The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior.

09/09 Trump tax cuts expire after 2025. Here's how the presidential election could affect your taxes

Former President Donald Trump aims to lower corporate taxes while Vice President Kamala Harris proposes higher taxes on the wealthy and corporations.

09/08 Trump wants to cut taxes on Social Security — but it could threaten benefits, experts say

Former President Donald Trump this week repeated his plan to eliminate taxes on Social Security benefits. But the plan could threaten entitlements, experts say.

28/07 European measures against France and 6 other countries due to the budget deficit

European measures against France and 6 other countries due to the budget deficit

15/06 As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help

As Social Security's trust funds run low, Congress seems to be at a standstill on the issue. Some say a bipartisan commission is the answer.

12/06 How elections test the Federal Reserve's independence

11/06 Biden and Trump both want to extend tax cuts for most Americans — but paying for it could be tricky

President Joe Biden and former President Donald Trump both want to extend expiring tax breaks. That could be tricky amid the federal budget deficit.

22/03 As Republicans propose to raise the Social Security retirement age, here's how benefits may change

Republicans and Democrats show opposing views on how to address Social Security and Medicare in new budget proposals. Here's what beneficiaries need to know.

22/03 The Urban Doom Loop Hasn’t Happened—Yet

America’s superstar cities have avoided the post-pandemic death spiral so far. Will that last?

07/03 Biden called for protecting Social Security, Medicare in last year’s State of the Union. Now advocates hope for action

President Joe Biden called for protecting Social Security and Medicare in last year's State of the Union. This year, advocates hope to see action.

11/01 U.S. deficit tops half a trillion dollars in the first quarter of fiscal year

The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.

17/12 Fed sparks irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns

Sheila Bair, known for leading the FDIC during the 2008 financial crisis, warns that the inflation fight is far from over.

23/11 Germany slides deeper into budget crisis. Here's what you need to know

Germany's budget is in trouble, and solutions to the government policy funding crisis are few and far between. Here's how it came to this and what it means.

04/10 Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns

"I don't think we're near the end of this move in the bond market," the Bianco Research president told CNBC's "Fast Money" on Tuesday.

01/10 House sends bipartisan bill to avert government shutdown to the Senate hours ahead of deadline

Congress may now be on a path to avert a shutdown after the House abruptly reversed course and passed a bipartisan bill to extend government funding just hours ahead of a midnight deadline, paving the way for the Senate to take up the measure.

29/09 Interest rate rise looms as fuel prices rise

Since headline inflation peaked in December of last year, one of the driving forces behind inflationary pressures moderating has been the drop in fuel prices. After peaking in June last year, fuel prices have been placing varying degrees of downward pressure on this consumer price index (CPI/0 component ever since.

28/09 US air travel system facing a double blow of disruptions at the end of the week

The US aviation system is bracing for two simultaneous disruptions at the end of this week – a looming government shutdown and the expiration of a key aviation law.

26/09 How a federal government shutdown may affect Social Security and Medicare

Lawmakers face a looming deadline to pass a spending bill to prevent a federal government shutdown. Here's what that means for Social Security and Medicare.

22/09 Social Security benefits may be cut by at least 20% in the next decade. Here's how Congress may fix that

Social Security benefits are at risk for a "crisis" of cuts in the next decade. Here's what lawmakers say now about addressing the program's funding woes.

31/08 Southeast Asia's first high-speed train – a boon or bust for Indonesia's economy?

The project is funded by PT KCIC and was expected to be completed by 2019 but has since been held back by operational delays and a $1.2 billion budget overrun. 

21/06 French government shuts down a climate group after protests turn violent | CNN

The French government has decided to dissolve a climate activist group, following a series of fiery clashes between demonstrators and police.

07/06 As Republican contenders start to line up for the White House in 2024, Social Security may be key issue

Top leaders including President Joe Biden and former President Donald Trump have said they won't touch Social Security. But some say imminent reform is needed.

07/02 The CEO of America's second-largest bank is preparing for possible US debt default

Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay its bills on time. And that means that Corporate America has to be ready for the worst.

15/01 ‘Extraordinary: US could default on its debt by June

A fresh warning has been sounded that the US government could default on its debt as soon as June, when the “extraordinary measures” brought in to stave off the crisis are no longer enough to manage a $30 trillion bill that is ticking upwards.