Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 11 results for "Congressional Budget Office"

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... healthcare costs will raise spending on the elderly absent fiscal policy reforms," Fitch said. Of note, the Congressional Budget Office (CBO) forecasts that interest costs will double by 2033 to 3.6% of GDP. It also estimates a rise in mandatory spending ...

Chief economist update: Too much of a good thing could be a bad thing

BENJAMIN ONG  |  WEDNESDAY, 31 MAR 2021
... roaring 2020's, it's also sparking concern over inflation and soaring US debt - according to the Congressional Budget Office (CBO), America's public debt soared from US$9 trillion to US$21 trillion between 2010 and 2020. So much so that benchmark ...

Chief economist update: The do-nothing Fed

BENJAMIN ONG  |  THURSDAY, 18 MAR 2021
Ho-hum. So much for speculations over the Fed's thoughts and actions, Powell and Co. did what financial markets expected - nothing - at their 16-17 March FOMC meeting. "The Committee decided to keep the target range for the federal funds rate at ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... potential - the economy's maximum sustainable output - thereby raising inflationary pressures. The US Congressional Budget Office's (CBO) latest estimate of US potential output growth is 1.8%. Then again, US real GDP growth had been running above this ...

Ben's your uncle

BENJAMIN ONG  |  THURSDAY, 21 MAR 2013
... cuts...due to begin tomorrow". (Bloomberg, 28 February). And if you thought the IMF's cut unkind, the Congressional Budget Office (CBO) was meaner. At the end of Feb, Bloomberg wrote this, "Federal spending reductions due to start in March could lower ...

The virtuous cycle is back in play

BENJAMIN ONG  |  MONDAY, 4 MAR 2013
... predicts will shave half a percent to its forecast 2.0% growth for the US this year. The one that the Congressional Budget Office (CBO) estimates would reduce employment by three quarters of a million jobs. It was so frightening that Wall Street closed ...

The song remains the same

BENJAMIN ONG  |  FRIDAY, 9 NOV 2012
... 1 if Congress can't agree to reduce the deficit, which totaled $1.09 trillion in fiscal 2012. The Congressional Budget Office has said the world's biggest economy would slow by as much as 0.5 percent next year if Congress fails to prevent the measures ...

Waiting to exhale

BENJAMIN ONG  |  TUESDAY, 10 AUG 2010
... lower last night. Not reinvesting these would be tantamount to reducing liquidity in the system. The Congressional Budget Office (CBO) estimates that the Fed's MBS investments would earn a record US$70 billion in profits this year. This follows a US$46 ...

Money flows lead to Africa

RUTH LIEW  |  TUESDAY, 22 SEP 2009
... markets. "In 2009 FDI flows to all regions will suffer from a decline," noted the report. The US' Congressional Budget Office defines FDI as financial investments by which a person or an entity acquires a lasting interest in, and a degree of influence ...

Meredith Whitney

BENJAMIN ONG  |  TUESDAY, 14 JUL 2009
... that showed the shortfall on America's budget reached US$1.1 trillion in the nine months to June. The Congressional Budget Office expects this to reach US$1.84 trillion when America's fiscal year ends in September - more than four times the previous ...
PAGE:
1
PREVIOUS
NEXT