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Trillion in sentence

2031 examples of Trillion in a sentence

Spending cuts and revenue increases that have been legislated since 2011 will reduce the projected deficit by $2.4 trillion over the next decade, with three-quarters coming from spending cuts, almost exclusively in non-defense discretionary programs.
Based on current economic assumptions, the US needs about $4 trillion in savings to stabilize the debt/GDP ratio over the next decade.
The so-called sequester (the across-the-board spending cuts scheduled to begin in March), would slash another $100 billion this year and $1.2 trillion over the next decade.
In the United States alone, the $3.8 billion in public funds invested in the Human Genome Project has already generated close to $1 trillion in economic returns and more than 300,000 jobs.
These cities’ combined population stands at 155 million (11.5% of China’s total population), and their GDP amounts to $2.1 trillion (29.1% of China’s total output).
According to the International Monetary Fund’s most recent estimates, the total write-offs on financial claims in this crisis will be $4.05 trillion for the United States, Japan, the euro zone and the United Kingdom, of which the US alone will have to absorb $2.7 trillion.
But according to my calculations of Bloomberg data, just $1.12 trillion had actually been written off worldwide by February, 2009.
Standard & Poor’s found that, a year later, these firms’ total debt amounted to $14.2 trillion, eclipsing the $13.1 trillion of outstanding debt in the United States and making China the world’s largest issuer of corporate debt.
In 2013, roughly $1.6 trillion was invested in energy infrastructure worldwide, with about 70% going to systems that depend on burning fossil fuels and the rest going to clean energy.
If investment in clean energy can be raised to at least $1 trillion per year by 2030, it will be possible to provide energy access to those most in need while cutting annual carbon-dioxide emissions by 5.5-7.5 gigatons – roughly what the United States emits in a year today.
Indeed, the International Renewable Energy Agency estimates that the continent’s potential for wind and solar power alone amounts to more than 1.5 trillion gigawatt hours a year.
CAMBRIDGE – The United States’ import bill now exceeds $2.4 trillion a year, more than twice that of China and greater than that of the 27 European Union countries combined.
The report estimates that restoring US infrastructure to “a state of good repair” would cost $4.6 trillion between 2016 and 2025.
That is $2.1 trillion more than has been committed so far.
As a result, US companies are holding an estimated $2.6 trillion in foreign earnings abroad, rather than repatriating it and paying taxes that could be used to finance, say, domestic infrastructure investment.
But China now has enough commercial clout, backed by more than $2 trillion in foreign-exchange reserves, to play a decisive role in advancing or impeding global problem-solving, from the G-20 agenda to efforts to rein in North Korea’s nuclear ambitions.
Since the start of the crisis, the Bank of England has pumped $325 billion into the British economy, the Fed has expanded the US monetary base by close to $1 trillion, and the People’s Bank of China originated a record amount of $1.4 trillion in loans.
At a minimum, the ECB will probably need to match the $1 trillion annual US rate of quantitative easing, and front-load much of it.
Argentina certainly has massive reserves still to be exploited: an estimated 19.9 billion barrels of crude oil and 583 trillion cubic feet of gas, concentrated in the Vaca Muerta shale formation.
The public already is being misused in an effort to mop up junk securities and support feeble banks, with taxpayer-funded institutions such as the ECB and the bailout programs having by now provided €1.2 trillion ($1.6 trillion) in international credit.
Moreover, China now holds a massive volume of overseas assets and liabilities; its non-financial corporations have borrowed as much as $1 trillion abroad.
In January 2001, the cumulative budget outcome for the years 2002-2011 was projected to be $5.6 trillion dollars in surplus.
If domestic spending simply stays constant as a fraction of national income, the cumulative budget outcome for the next ten years will be a combined deficit of $1.5 trillion.
In the EU’s western, net-contributor states, the MFF debate remains narrowly focused on how much money can be cut from the European Commission’s proposed €1.033 trillion ($1.3 trillion) budget for 2014-2020.
Of the roughly $200 trillion in global financial assets today, almost three-quarters are in some kind of debt instrument, including bank loans, corporate bonds, and government securities.
Bank rescue programs on the order of €5 trillion and Keynesian stimulus programs on the order of a further €1 trillion staved off collapse.
That market has simply disintegrated, with annual emissions volume plummeting 97% – from $1.9 trillion to just $50 billion – between 1996 and 2009.
The Fed injected $3 trillion over a slightly longer period.
The ECB is about to discover the truth of this as it starts on its own €1 trillion program of monetary expansion in an effort to stimulate the stagnant eurozone economy.
Indeed, their non-US affiliates currently hold an estimated $2 trillion in accumulated foreign earnings.
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