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US Trade Deficit Fell Sharply
The deficit in the broadest measure of U.S. trade fell sharply in 2008 for the second consecutive year, due partly to a larger surplus in services trade.The Commerce Department reported that the account deficit, which includes investment flows and other transfers as well as trade, dropped 7.9 percent to $673.3 billion in 2008 from $731.2 billion in 2007. -
Younger Generation Faces A Savings Deficit
In 2014, Agukts under 35 had a savings rate of negative 2%. This means that they are going into debt or simply burning through their assests. A lack of savings increases the vulnerability of young workers in the postrecession economy, leaving many without a financial cushion for unexpected expenses, raising the difficulty of job transitions and leaving them further away from goals like eventual homeownership. -
Obama’s Record On Debt, Deficits Worst Than Ever (Leadership)
President Obama has added another $830 billion in deficit spending. Obama has continued to disappoint as the national debt grows each day. He thinks he has done a good job by slowing the deficit down but the debt still grows every day. -
US Trade Deficit Surges As Exports Fall (Trade)
Imports from china surged as US exports continue to fall. The deficit fell by 15.6% and added on $48.3 billion. The Trade gap has risen over the years and it is not expected to stop rising. A 3 percent increase of imports from China also contributed to this deficit. -
US budget deficit falls to 8-year low (Budget)
The US government's budget deficit fell to an eight-year low in fiscal 2015, dropping to $439 billion, the Treasury Department had announced. The cut in the finance gap -- which was $1.4 trillion in 2009 -- brought the deficit down to 2.5 percent of gross domestic product, the lowest level since 2007. -
Total US debt surpasses 19 Trillion dollars (Budget)
The US debt has now risen over $8.4 trillion under President Obama. It was $10.6 trillion when Obama came into office. The total debt goes up about $17,000 dollars a second. The US debt is projected to hit $29.3 trillion by 2026.
