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Articles on Budget deficit

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Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich. AP Photo/Doug Mills

I helped balance the federal budget in the 1990s – here’s just how hard it will be for the GOP to achieve that same rare feat

House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19. Gallo Images/Brenton Geach

The IMF’s $4bn loan for South Africa: the pros, cons and potential pitfalls

The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.

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