The more than R$12 billion from the recently held auction would be used to reduce the federal deficit
for this year, estimated at R$159 billion.
The Congressional Budget Office has produced a report on options that congressional budget officials may want to consider for reducing the federal deficit
in coming years.
The projections released earlier this month by the Congressional Budget Office (CBO) indicate that under current law, the federal deficit
will narrow from seven percent of gross domestic product (GDP) last year to 2.
The number of Americans who said that unemployment or the economy was their top concern has been cut nearly in half over the past two years, as worries about the federal deficit
and government dysfunction take over, the report added.
He talked about his willingness to work with Democrats - and "Martians" - to cut spending, reduce the federal deficit
and shrink the size of government, as well as "defend liberty and restore the Constitution.
But even if the recession hadn't occurred, the federal deficit
still would still be sizable, as the National Priorities Project demonstrates in the following infographic:
The holdup in Congress on passing the Digital Accountability and Transparency Act (DATA Act), the XBRL (eXtensible Business Reporting Language) bill strongly backed by IMA [R], has to do with the top issue on Capitol Hill these days: the federal deficit
2 trillion in cuts agreed to earlier this year, Obama's plan would reduce the federal deficit
by $4 trillion over the next decade - the amount that most economists agree is necessary to put the federal budget on sound long-term footing.
The credit agency warned the government could lose its top credit rating in the next two years if it fails to come up with a long-term plan to bring down the federal deficit
Opinions article by Mark Fernald regarding who's responsible for the federal deficit
("Who's to blame for the federal deficit
So the next time you share your outrage over the size of the current federal deficit
, the terrible economic climate, or the threat to our free-market system and way of life, consider the real crime of federal economic irresponsibility is that we ran deficits during the long periods of peace and economic prosperity in the 80s, 90s and 2000s.
for the just-completed 2010 budget year at nearly $1.