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Trillion in sentence

2031 examples of Trillion in a sentence

Under the guise of tax reform, late last year Trump signed legislation that will increase the federal budget deficit by $1.5 trillion over the next decade.
China’s $5 Trillion OpportunitySHANGHAI – China is facing the difficult task of managing a soft economic landing, after decades of spectacular expansion.
If it does, its annual GDP could be an estimated $5 trillion larger by 2030 than it is likely to be if policymakers continue to pursue investment-led growth.
And foreign-exchange reserves fell to $3.65 trillion in July, from a peak of $3.99 trillion a year earlier.
While China is far from insolvent – the country remains a net creditor, to the tune of nearly $1.8 trillion – more domestic liquidity must be released to support the economy, and especially the private sector, as it adapts to domestic and global structural changes.
In a particularly important move, the insurance industry, representing $30 trillion in assets and investments, committed to creating a Climate Risk Investment Framework for industry-wide adoption by the end of the year.
No, I am just proposing that emerging markets shift a significant share of the trillions of dollars in foreign-currency reserves that they now hold (China alone has official reserves of $3.3 trillion) into gold.
Even as the pace of growth slows, China is contributing more to the world economy than ever before, because its GDP today is $10.3 trillion, up from just $2.3 trillion in 2005.
Simple arithmetic shows that $10.3 trillion growing at 6% or 7% produces much bigger numbers than 10% growth starting from a base that is almost five times smaller.
Though $3.6 trillion of incremental liquidity has been added to the Fed’s balance sheet since late 2008, nominal GDP was up by just $2.5 trillion from the third quarter of 2008 to the second quarter of this year.
The Republicans’ proposed tax cuts would create a $2 trillion revenue shortfall over the next decade, and they cannot plug that hole with revenue savings from their health-care reform plan or with the $1.2 trillion that could have been expected from a BAT.
The Republicans must now choose between passing their tax cuts (and adding $2 trillion to the public debt) and pursuing a much more modest reform.
But this would deliver only $150-200 billion in new revenues – less than 10% of the $2 trillion fiscal shortfall implied by the Republicans’ plan.
Initial proposals by Trump and the Republican leadership would have cost $5-9 trillion over the next decade, and 75% of the benefits would have gone to the top 1% – a politically suicidal idea.
But the truth is quite the opposite: in the face of strong downward pressure on the renminbi, China has sought to keep the renminbi-dollar exchange rate relatively stable, – an effort that has contributed to a decline of more than $1 trillion in official foreign-currency reserves.
Considering the cost of recent efforts to maintain some semblance of exchange-rate stability, it seems that not even the equivalent of $3 trillion in foreign-exchange reserves is enough to manage a currency float.
First, American stock markets rose giddily – adding $8 trillion in paper wealth to owners of US equities in a five-year period.
Take, for example, the ten-year $14.5 trillion federal government spending binge proposed by Democratic presidential candidate Bernie Sanders – a program judged to be without any semblance of fiscal integrity by leading economic advisers within the very party whose nomination he seeks.
Opponents of the legislation point to the resulting increase in the federal budget deficit, which will add $1.5 trillion to the government debt over the next ten years.
They will also bring back some of the previously earned foreign profits that have been left outside the US, estimated by the Treasury to be worth $2.5 trillion.
Although it is difficult to estimate the total increase in capital in the corporate sector, I think it is reasonable to assume that over the next ten years it will reach at least $5 trillion.
Although the $1.5 trillion of government borrowing caused by the tax bill during the next decade could crowd out an equal amount of private borrowing, the capital stock will grow by an even larger amount.
The $1.5 trillion corporate tax cut will go directly to US companies, and the stock of corporate capital will grow further because of the inflow of funds from the rest of the world.
Even with increased government borrowing, the proposed tax reform can therefore still raise the corporate capital stock by some $5 trillion over the next decade.
That is enough to cover the $60 billion in interest payments on the $1.5 trillion of extra debt, with money left over to increase government spending or reduce personal taxes.
The direct effect of the $1.5 trillion deficit implied by the tax reform would be to raise that to 97%.
By my reckoning, China has contributed an even larger share of global growth in this decade than it did in the last, with its GDP having almost tripled from $4.6 trillion at the end of 2008 to around $13 trillion today.
That additional $8 trillion accounts for more than half of the increase in global GDP over the past decade.
It’s two-and-a-half trillion bucks in IOUs which have been used to build the interstate highway system and all of the things people have enjoyed since it has been set up.”Simpson is not making sense.
Over the last five years, the wealth of those richest 62 people on the planet has increased by a staggering $542 billion, or 44%, while the poorest 3.6 billion people have lost over a trillion dollars, or 41% of their wealth.
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