Tag Archives: Congress

Republican Grail Of A Balanced Budget Just Slipped Further Away

Congressional Republican face an uncomfortable world when they begin drafting a budget plan this month: The deficit is rising, and Congress isn’t helping. For the first time since 2009, the federal government’s deficit will increase in 2016, according to projections released Tuesday by the Congressional Budget Office. The government will expend $544 billion more than … Read More

China Bond Selloff Spreads to Stocks as Deleveraging Risks Mount

Chinese inventories descended the most since early August, transgressing the mollify that persisted through the recent Communist Party Congress, as sovereign bails extended a monthly mob amid headache the government will step up efforts to reduce leveraging in financing of the sector. The Shanghai Composite Index stopped as much as 1.7 percent on Monday, and … Read More