The U.S. budget deficit hit $1.1 trillion in the first half of fiscal year 2023, the Treasury Department said Wednesday, $432 billion more than the shortfall in the same period a year ago. That includes a March deficit of $378 …
via CNSNEWS: The federal deficit topped $1 trillion in the first six months of fiscal 2023 (October through March), according to the Monthly Treasury Statement released today. This was despite the fact that federal tax revenues in the first six …
via businessinsider: Russia’s finance ministry did not quantify the impact of the ban and price cap on Russian crude but the Centre for Research on Energy and Clean Air, a Finnish think tank, estimated in January that the ban and price …
Russia’s federal budget deficit came in at 2.4 trillion roubles ($28.93 billion) in the first quarter of the year as Moscow spent heavily and energy revenues fell, the finance ministry said on Friday. In the same quarter of 2022 Russia …
via Mish Talk: Long-Range Missiles The WSJ editorial board says the best response Russian drones is to Send Long-Range Missiles to Ukraine. The Pentagon on Thursday released footage of a Russian fighter jet that harassed, dumped fuel on and then collided this …
This January, eleven months after Russia invaded Ukraine, the United States bought $508,600,000 in Russian imports, according to data released today by the U.S. Census Bureau. After Russia’s invasion of Ukraine, the United States imposed trade restrictions on Russia. While …
by confoundedinterest17 President Biden loves to demonize his opponents like Republicans over spending and the Federal budget. Biden argued that his budget won’t increase taxes on Americans making less than $400,000 a year and will ultimately cut the deficit by $2 trillion …
The skilled labor/trade labor shortage is worsening every year…and we currently have no real plan for addressing the problem! This short video from The Honest Carpenter discusses the breadth of the skilled labor shortage–and some possible measures we could take …
by confoundedinterest17 The Biden Administration celebrated their irresponsible spending splurge on the White House lawn with boring singer James Taylor droning several tunes. But why is Biden celebrating driving up Federal debt by $4.8 TRILLION??? According to the Committee for a Responsible Budget (what …
by silvertomars Fed survey shows Fed is correct… A New York Fed survey showed that respondents in July expected inflation to run at a 6.2% pace over the next year and a 3.2% rate for the next three years. …
The United States ran a merchandise trade deficit of $200,096,600,000 with the People’s Republic of China in the first six months of this year, according to data released today by the Census Bureau. That was the largest trade deficit that …
https://twitter.com/WallStreetSilv/status/1547207152128983040
https://t.co/przNS8CZN1 — Blxck Dollar 🇺🇸 (@BlxckDollar) May 5, 2022 US in economic freefall, trade deficit up 22.3% in March We now make very little except energy for export, the economy is in freefall. https://www.msn.com/en-us/money/markets/robust-imports-push-us-trade-deficit-to-record-high-in-march/ar-AAWUoQl?ocid=uxbndlbing I walked through the family room …
Wall St. For Main St., Released on 4/20/22 Jason Burack of Wall St for Main St interviewed first time guest, hedge fund manager Harris Kupperman aka Kuppy. Follow Kuppy on Twitter here: https://twitter.com/hkuppy Harris Kupperman aka Kuppy has been successfully investing …
by Enaliss So I placed China, Russia, and the Ukraine in bold on here because who knows if we will even be doing business with the first two in 20+ years and who knows what’s gonna happen to Ukraine or the …
by Antonius Aquinas Another milestone (or more accurately millstone) was recently passed by the U.S. economy as the January trade deficit surged to an all-time record high of $107.6 billion, up some $26 billion from December’s $80.7 billion imbalance.* Like the …
by Sundance Remember that fourth quarter GDP result that seemed manipulated? Well, I suspect the record setting trade deficit now being reported for January is an outcome of those pesky fourth quarter trade results being intentionally skewed by the withholding of December 2021 …
President Joe Biden’s first year in office has not only seen inflation run at the fastest pace in four decades. It has also seen the trade deficit expand to the widest import-export gap on record. The trade deficit of goods …
U.S. trade deficit in goods top $1 trillion in 2021 for first time ever The numbers: The U.S. trade deficit in goods topped $1 trillion in 2021 for the first time ever, as an economic recovery enabled Americans to snap up …
by Martin Armstrong The US Trade deficit widened 17.5% in November, setting a new record. According to the US Commerce Department, the trade gap in goods increased from $83.2 billion in October to $97.8 billion in November. The number surpassed …
by confoundedinterest17 Call it “The Letter That Phil Swagel Wrote.” The letter from Phil Swagel, Director of the Congressional Budget Office, sent a letter to Congress stating that “The Congressional Budget Office and the staff of the Joint Committee on Taxation project that …
by confoundedinterest17 So much for Biden’s claim that his signature Build Back Better legislation won’t cost a cent. The Congressional Budget Office scored the bill and showed an increase in the Federal deficit of $791,618 MILLION over the next five years. Here …
One of the sweeping plans by Democrats to grant amnesty to millions of illegal immigrants would add more than half a trillion dollars to the deficit by 2041, according to a Congressional Budget Office analysis published late Tuesday. Democrats have …
Debate continues in Washington about more multi-trillion-dollar spending plans. But we just got an ugly reminder that the federal spending we’ve already passed is bankrupting the country. The nonpartisan Congressional Budget Office just released its latest projections, and they offer a dire warning …
A TRILLION HERE AND A TRILLION THERE AND PRETTY SOON YOU’RE TALKING REAL TROUBLE: Joe Biden’s Reckless Deficit Spending Could Mean Economic Disaster. Dennis Robertson, the late Cambridge economist, said of bad economic ideas that it was like going to the …
The federal deficit will hit $3 trillion in 2021 for the second consecutive year, primarily because of the national spending blitz in response to the coronavirus pandemic, the Congressional Budget Office said Thursday. The deficit represents a slight decrease from …
The U.S.’s trade deficit widened 4.8 percent to a record $71.1 billion in February, the Commerce Department said Wednesday. Economists had forecast a trade gap of $70.4 billion. The January gap was revised down from $68.2 billion to $67.8 billion. …
By Tsvetana Paraskova Russia’s biggest oil producer Rosneft doesn’t expect the end of the U.S. sanction waivers for all Iranian oil buyers to lead to a global supply deficit this quarter and next, Rosneft’s chief executive Igor Sechin told Reuters on Friday. …
