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Budget deficits likely rise no matter who wins in 2016 race
The United States faces bigger deficits in coming years with both Donald Trump and Hillary Clinton calling for higher spending. Analysts warn deficits could grow by about 1 percent of GDP over 2017 and 2018, potentially nudging interest rates higher and supporting more fiscal stimulus.
MENTIONED IN THIS ARTICLE
Washington
U.S
Donald Trump
Hillary Clinton
Andy Laperriere
Cornerstone Macro LLC
Capitol Hill
Alec Phillips
Goldman Sachs Group Inc
White House
Phillips
Federal Reserve
Trump
Clinton
Lou Crandall
Wrightson Icap LLC
Jersey City
N.J
Fed
Janet Yellen
The
Economic Club of
New York
Grams
Congressional Budget Office
Tax Foundation
Democratic Party
Crandall
Congress
Laperriere
House of Representatives
Senate
Diane Lim
Committee For Economic Development
Congressional Budget Committees
House
Howard Gleckman
Tax Policy Center
Goldman Sachs
William Hoagland
Bipartisan Policy Center