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Economic News

Watchdog: US Budget Deficit Forecast $1T Higher Next Decade

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20 August 2025
U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday.
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White House Wants Fed Board Pick in Place Next Month

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20 August 2025
The White House is pushing to fast-track the nomination of Stephen Miran to the Federal Reserve Board in hopes of having him confirmed by the Senate in time for the board's two-day meetings in mid-September, Politico reported Tuesday.
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