U.S. Budget Deficit

U.S. Budget Deficit News

• Treasury 10-Year Yield at Year Low as Fed Maintains Stimulus

  Treasury 10-year yields reached the lowest this year as the Federal Reserve reiterated its commitment to asset purchases to spur economic growth.

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  Treasury 10-Year Yield at Lowest This Year on Fed, Auction Sizes

  Treasury 10-year yields traded at the lowest level this year on bets the Federal Reserve will affirm its commitment to the pace of bond purchases to support growth and as the U.S. said it may reduce debt-auction sizes.

• Empirical Economics Isn’t Yet as Smart as Dentistry

  In macroeconomics, ideas are more powerful than facts. That’s a shame, but it isn’t a criticism. Even with the best will in the world (a condition, admittedly, that’s rarely satisfied) economists who debate fiscal and monetary policy couldn’t settle their disagreements by appealing to facts. Their discipline is too difficult, or too far from being a proper science, for that to happen. Ideas trump data time and again.

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  Central Banks at Limit of Easing Risk Political Backlash

  Central banks are setting new expectations for monetary policy that may be hard to reverse as they slide deeper into the realms of fiscal policy.

• U.S. Budget Deficit Narrows as Spending Drops 21%

  The U.S. budget deficit narrowed in March from a year earlier as spending shrank almost 21 percent during the first month of mandatory federal cutbacks known as sequestration.

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  Draghi Sees No Currency War as Bank of Japan Boosts Economy

  European Central Bank President Mario Draghi indicated support for Japan’s efforts to beat deflation by suggesting they aren’t aimed at weakening the yen.

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  Lew Attacked in Senate for Obama Social Security Plan

  U.S. Treasury Secretary Jacob J. Lew came under fire from Republicans and Democrats in the Senate over the Obama administration’s proposal to slow cost-of-living increases for people who receive Social Security benefits.

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  Obama Focuses on Republican ‘Working Center’ on Budget

  President Barack Obama’s $3.8 trillion budget offers those Senate Republicans who have shown they’ll negotiate with the administration a possible path to restarting talks on a multiyear deficit-reduction plan.

• Budget Deficit in U.S. Narrows After Payroll Taxes Rise

  The U.S. budget deficit narrowed 12 percent last month from a year earlier as Congress and President Barack Obama allowed payroll taxes to increase and individual refunds fell.

• Elbit Priciest in Two Years on Tanks: Israel Overnight

  Elbit Systems Inc., Israel’s biggest private developer of defense technology, is trading at the highest valuation in two years after reducing its reliance on U.S. and European markets by bolstering sales to Asia.

U.S. Budget Deficit Photos

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U.S. Budget Deficit Videos

Audio

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