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Rhetoric aside, it consistently lobbies for a higher deficit.
Lower-than-expected government revenue was the main culprit behind the higher deficit number.
Mr. Kerry has reduced some proposals, saying the administration has run up a higher deficit than he expected.
"Because major disposals have reduced Tata Steel's creditworthiness, the pension trustees should demand higher deficit contributions, so the total annual cash contribution could easily go up.
PAGE A3 Higher Deficit Predicted President Bush's tax and spending plan would produce deficits of $2.75 trillion over 10 years, the Congressional Budget Office said.
Balls made his mark by criticising George Osborne's austerity strategy, saying – rightly – that it would lead to slower growth and a higher deficit.
Similar(28)
As Salmon reports: Nouriel's base case, then, is Argentina 2001: after all, Greece has a much higher debt-to-GDP ratio, much higher deficit-to-GDP ratio, and much higher current-account deficit than Argentina had back then.
A higher deficit-reduction goal would increase pressure on both parties to address the two main drivers of projected high debt: the rapid growth of spending for the Medicare and Medicaid programs and an inefficient tax system unable to keep pace.
They could accept higher deficits short term.
(Trump will presumably bulldoze congressional opposition to higher deficits).
And if the prospects of even higher deficits spooked the bond markets, it could disappear completely.
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