Tag: US deficit

• Thursday, November 14th 2019 - 09:50 UTC

  Fed chief Powell urged Congress to take action on rising US debt and deficit

  

  Federal Reserve chief Jerome Powell urged Congress on Wednesday to take action on the rising US debt and deficit to ensure the continued growth of the American economy. Called before the Joint Economic Committee to discuss the economic outlook, the central bank chief stressed that it was not his role to give policy advice, before he gave diplomatically-worded policy advice.

• Thursday, November 15th 2012 - 06:38 UTC

  “A modest tax increase on the wealthy is not going to break their backs” said Obama

  

  President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election. He called for quick legislation to rule out tax rises on the first 250.000 dollars of income, but refused to extend cuts for the wealthiest 2%.