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Federal Budget Deficit
Deficit the result of a combination of extravagant tax cuts, a costly war, lack of effective budget controls, and a relatively weaker economy, the much larger budget deficits projected in the decades ahead are largely explained by a growth in entitlement spending that will outpace the natural growth in tax revenues, due to demographic changes (a swelling in the numbers of older Americans relative to younger Americans) coupled with rising per-capita health costs.
Deficit, Budget, monetary and fiscal poli -
Budget Deficit - Crash of 2008
America faces Mortgage crisis. Credit crisis. Bank collapse. Government bailout. Throughout the fall of 2008, a period in which the major financial markets lost more than 30% of their value. This period also ranks among the most horrific in U.S. financial market history.
Monetary and Fiscal -
Mortage Interest rates reach record low
Mortage Rates<a
Interest rates for mortages reach record lows while the housing market is still not doing well. Most consumers find that the low interest rates won't really make a difference at the time but rather more in retirement. 3.56% was the lowest record interest rate at that time, -
Bush Tax cuts expire
Bush Tax Cuts ExpireObama proposes higher tax rates on the upper class as the Bush tax cuts expire. Critics predict a fiscal cliff as it may deter people from investing, saving, or supplying labor.
Leadership, fiscal policies -
President Obama's Trade Policies Report
Obama Annual ReportThe 2014-2015 annual report of Obama's trading policies includes expanding jobs, business growth, expanding the middle class, and a high standard of negotiative agreements with other countries.
Trade, monetary policies -
Congress raises debt cap
Debt CapThe legislation would suspend the current $18.1 trillion debt limit through March 2017. The budget portion would increase the current “caps” on total agency spending by $50 billion in 2016 and $30 billion in 2017, offset by savings elsewhere in the budget. And it would permit about $16 billion to be added on top of that in 2016, classified as war funding, with a comparable boost in 2017. Deficit, monetary policies
