US Budget Gap Hits $421 Billion, Setting Stage for Debt-Limit Fight
Friday, January 13, 2023
© Bloomberg. The U.S. Treasury Department building in Washington, D.C., U.S., on Saturday, June 26, 2021. The Federal Reserve might consider an interest-rate hike from near zero as soon as late 2022 as the labor market reaches full employment and inflation is at the central bank's goal. (Bloomberg) -- The US government’s budget deficit widened by 12% for the first quarter of the fiscal year, presaging what’s set to be an intense political battle over fiscal policy.
The budget gap for October through December reached $421 billion, with the increase from the previous year largely driven by rising expenses linked to higher inflation, a Treasury Department release showed Thursday.
Interest payments on public debt rose by $57 billion, or 37% over the same period a year before, to $210 billion. The Treasury has been forced to pay investors higher rates on new debt as the Federal Reserve ratchets up its benchmark interest rate to combat inflation.
The figures are certain to catch the attention of Republicans, who now control the House and are gunning to rein in spending. President Joe Biden and Democratic lawmakers are determined to safeguard key programs, setting the stage for a standoff over raising the federal debt limit — something economists estimate will be needed after July.
Social Security payments also climbed, as cost-of-living adjustments linked to inflation increased. Outlays from the Social Security Administration in the first quarter of the 2023 fiscal year totaled $328 billion, up about 7% over the same period a year earlier.
Biden last year had touted major deficit reduction, crediting his economic-recovery programs. The gap for the 2022 fiscal year was $1.38 trillion, down from $2.78 trillion the prior year.
©2023 Bloomberg L.P.
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23-03-2023 22:02:21 (UTC+7)
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EUR/USD
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GBP/USD
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AUD/USD
0.6720
+0.0038 (+0.57%)
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USD/CAD
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EUR/JPY
143.03
+0.35 (+0.25%)
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EUR/CHF
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Gold Futures
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Silver Futures
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Copper Futures
4.1052
+0.0607 (+1.50%)
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Crude Oil WTI Futures
71.46
+0.56 (+0.79%)
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Brent Oil Futures
77.22
+0.53 (+0.69%)
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↑ BuyMoving Avg:
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Indicators:
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Natural Gas Futures
2.252
+0.081 (+3.73%)
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Indicators:
Buy (7)
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US Coffee C Futures
174.55
-3.45 (-1.94%)
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Euro Stoxx 50
4,211.95
+16.25 (+0.39%)
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Indicators:
Buy (9)
Sell (0)
S&P 500
4,001.40
+64.43 (+1.64%)
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Indicators:
Buy (9)
Sell (1)
DAX
15,237.55
+21.36 (+0.14%)
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Indicators:
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FTSE 100
7,525.56
-41.28 (-0.55%)
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Indicators:
Buy (9)
Sell (0)
Hang Seng
20,049.64
+458.21 (+2.34%)
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Indicators:
Buy (6)
Sell (1)
US Small Cap 2000
1,770.75
+37.41 (+2.16%)
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Sell (0)
Indicators:
Buy (7)
Sell (2)
IBEX 35
9,022.82
+13.52 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
BASF SE NA O.N.
46.630
+0.070 (+0.15%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Bayer AG NA
56.03
-0.60 (-1.06%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (6)
Sell (0)
Allianz SE VNA O.N.
207.63
-0.47 (-0.23%)
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↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Adidas AG
142.60
+1.60 (+1.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Lufthansa AG
9.905
+0.027 (+0.27%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (4)
Sell (6)
Siemens AG Class N
144.80
-0.14 (-0.10%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Bank AG
9.465
-0.178 (-1.85%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
| EUR/USD | 1.0893 | Buy | |||
| GBP/USD | 1.2314 | ↑ Buy | |||
| USD/JPY | 131.30 | ↑ Buy | |||
| AUD/USD | 0.6720 | ↑ Buy | |||
| USD/CAD | 1.3633 | ↑ Sell | |||
| EUR/JPY | 143.03 | ↑ Buy | |||
| EUR/CHF | 0.9955 | Buy |
| Gold | 1,980.70 | ↑ Sell | |||
| Silver | 23.160 | ↑ Sell | |||
| Copper | 4.1052 | ↑ Buy | |||
| Crude Oil WTI | 71.46 | ↑ Buy | |||
| Brent Oil | 77.22 | ↑ Buy | |||
| Natural Gas | 2.252 | ↑ Buy | |||
| US Coffee C | 174.55 | Neutral |
| Euro Stoxx 50 | 4,211.95 | ↑ Buy | |||
| S&P 500 | 4,001.40 | ↑ Buy | |||
| DAX | 15,237.55 | ↑ Buy | |||
| FTSE 100 | 7,525.56 | ↑ Buy | |||
| Hang Seng | 20,049.64 | ↑ Buy | |||
| Small Cap 2000 | 1,770.75 | ↑ Buy | |||
| IBEX 35 | 9,022.82 | ↑ Buy |
| BASF | 46.630 | ↑ Buy | |||
| Bayer | 56.03 | Neutral | |||
| Allianz | 207.63 | ↑ Buy | |||
| Adidas | 142.60 | ↑ Buy | |||
| Lufthansa | 9.905 | Neutral | |||
| Siemens AG | 144.80 | ↑ Buy | |||
| Deutsche Bank AG | 9.465 | Neutral |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 6,660 / 6,710 (10  / 10) # 1,070 |
| SJC HCM | 6,655/ 6,725 (10 / 10) # 1,085 |
| SJC Hanoi | 6,655/ 6,727 (10 / 10) # 1,087 |
| SJC Danang | 6,655/ 6,727 (10 / 10) # 1,087 |
| SJC Nhatrang | 6,655/ 6,727 (10 / 10) # 1,087 |
| SJC Cantho | 6,655/ 6,727 (10 / 10) # 1,087 |
| Cập nhật 23-03-2023 22:02:23 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $1,981.03 | +11.26 | 0.57% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.960 | 24.430 |
| RON 95-III | 23.030 | 23.490 |
| E5 RON 92-II | 22.020 | 22.460 |
| DO 0.05S | 19.300 | 19.680 |
| DO 0,001S-V | 20.560 | 20.970 |
| Dầu hỏa 2-K | 19.460 | 19.840 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $71.48 | -1.32 | -1.89% |
| Brent | $76.90 | -1.41 | -1.86% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 23.300,00 | 23.670,00 |
| EUR | 25.009,87 | 26.410,24 |
| GBP | 28.229,12 | 29.432,78 |
| JPY | 174,87 | 185,12 |
| KRW | 15,89 | 19,36 |
| Cập nhật lúc 18:50:17 23/03/2023 Xem bảng tỷ giá hối đoái | ||
