Carlos Castillo

US Budget Deficit Up 77% As Trump's Tax Cuts Kick In

The Trump administration saw tax cuts as a means to encourage investments and boost American business and industry. The White House's protectionist policies have done little to curb the widening federal budget shortfall -- for now

China Cuts Taxes, Sets Lower GDP Target For 2019

Faced with burgeoning debt and dwindling consumer spending, Beijing sees a difficult year for the world's second biggest economy. The government is hoping tax cuts will boost business activities as economic planners go for lower GDP growth rates in 2019.