U.S. Budget Deficit

U.S. Budget Deficit News

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  Geithner: ‘Modest’ Tax Increases Better Than Deeper Cuts

  U.S. Treasury Secretary Timothy F. Geithner endorsed the “modest” tax increases proposed by President Barack Obama and opposed by congressional Republicans, saying they would be preferable to spending cuts.

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  Private-Equity Lobbying Helped Protect Romney’s Tax Benefits

  The largest U.S. private-equity funds and venture capital firms have relied on a five-year, multimillion-dollar lobbying campaign to protect the carried interest tax break that helped drive presidential candidate Mitt Romney’s 2010 effective tax rate below 14 percent.

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  Bernanke Sees Improvement in Economy

  Federal Reserve Chairman Ben S. Bernanke said the economy has shown signs of improvement while remaining vulnerable to shocks, and he called on lawmakers to reduce the long-term U.S. budget deficit.

• Dollar Appreciates as U.S. Adds More Jobs, Damping Fed’s Easing Outlook

  The dollar gained, recovering from an almost postwar low against the yen, after U.S. employers added more jobs than forecast, damping speculation the Federal Reserve will add another round of asset purchases to spur growth.

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  Bernanke Says He Won’t Tolerate Higher Inflation to Boost Employment Gains

  Federal Reserve Chairman Ben S. Bernanke defended the central bank’s newly established price goal and rejected suggestions he was prepared to allow higher inflation to create jobs.

• Treasury 30-Year Bonds Decline for Second Day Before Jobs Report, Supply

  Treasury bonds fell for a second day, pushing yields above 3 percent, as a report showing a decline in weekly U.S. jobless claims added to speculation the Labor Department will say employers added workers last month.

• German Stocks Rise for Third Day; Deutsche Boerse, K+S Climb in Frankfurt

  German stocks gained for a third day, extending a six-month high, as a decline in claims for U.S. jobless benefits indicated the recovery in the world’s largest economy is on track.

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  Bernanke Says He Won’t Trade 2% Inflation-Rate Target for More Job Growth

  Federal Reserve Chairman Ben S. Bernanke said the central bank will seek to keep prices rising at a 2 percent rate and rejected suggestions that it would sacrifice its inflation goal to boost employment.

• Euro Drops on Greek Debt-Talk Concern Before Release of U.S. Jobs Data

  The euro fell against the majority of its most-traded counterparts as Greece struggles to reach an agreement with its bondholders on cutting the nation’s debt burden.

• Treasury 10-Year Yield Lowest in Four Months as U.S. Economic Data Cool

  Treasuries rose, pushing 10-year note yields to the lowest in almost four months, as reports showed consumer confidence unexpectedly dropped and business activity in the U.S. cooled in January.

U.S. Budget Deficit Photos

Related Topics

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  Ben S. Bernanke

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  New York

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  Washington

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  Institute For Supply Management

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