On Thursday, the Congressional Budget Office released its latest snapshot on the federal budget. The headlines: The budget deficit was almost $1.3 trillion during the first ten months of the fiscal year (through July). That’s up from $389 billion at this point last year. Spending has risen 21% over last year, while tax revenues have [...]
Posts Tagged ‘GSE’
Federal Deficit Up to $1.3 trillion
Posted in Budget, tagged Budget, CBO, GSE, Interest Rates, TARP, Taxes on August 7, 2009 | 9 Comments »
Beyond the $23.7 Trillion Headline
Posted in Budget, Economy, Finance, Macroeconomics, Politics, tagged AIG, Bank of America, Banks, Budget, Chrysler, Citigroup, Finance, GM, GSE, Housing, Macroeconomics, Politics, TARP, Warrants on July 20, 2009 | 3 Comments »
Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program (affectionately known as SIGTARP), is making headlines with his estimate that the government has provided “potential support totaling more than $23.7 trillion” in fighting the financial crisis. That estimate will be officially released on Tuesday morning in the SIGTARP’s latest quarterly report (you [...]
The Exploding Federal Deficit
Posted in Budget, tagged Budget, CBO, GSE, Interest Rates, TARP, Taxes on July 9, 2009 | 7 Comments »
Yesterday, the Congressional Budget Office released its latest snapshot on the federal budget. The headlines: The budget deficit was $1.1 trillion during the first nine months of the fiscal year (through June). That’s up from $286 billion at this point last year. Spending has risen 21% over last year, while tax revenues have fallen 18%. For [...]
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