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Pelosi: Debt limit vote possible before August recess House Speaker Nancy Pelosi, D-Calif., on Tuesday didn’t rule out voting on a debt limit increase before the August recess, though she indicated … Read more
Dow Industrials on Pace to Notch Record High The Dow Jones Industrial Average rose a fourth straight session, pushing the blue-chip index above its record closing level in intraday trading … Read more
by howmuch Since 2010, the United States and China have had the world’s largest economies by GDP. But one interesting difference is that the U.S. is the world’s biggest importer while China is the … Read more
Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion (CNSNews.com) – For the first time in the history of the United States, the federal government … Read more
US government records $160.3 billion April surplus WASHINGTON (AP) — The federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. … Read more
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 … Read more
by Jim Quinn So the deficit is up $700 billion in the first six months, but the CBO is predicting a $900 billion deficit for the full year. With the … Read more
US 12 MONTH BUDGET DEFICIT VS GOLD $ PER OUNCE (INVERTED) Via @SeekingAlpha pic.twitter.com/zW8KdgJTUW — OCCUPY WISDOM (@OccupyWisdom) April 1, 2019
via mishtalk: Trump is on an impossible mission. Tariffs will not reduce the trade deficit and will likely make matters worse. To fully understand Trump’s trade dilemma, consider the following chart. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ultimately, the issue is not China, Germany, Japan, or Mexico. The issue is much closer to home. And where are the efforts to tame it headed? … Read more
From Birch Gold Group The overall U.S. trade deficit ballooned to a record level of $59.8 billion by the end of 2018, reaching the largest deficit since October 2008. TradingEconomics.com explained that … Read more
by David Haggith In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against … Read more
by Michael Snyder The long-term trends that are gutting the U.S. economy continue to get even worse. As you will see below, our goods trade deficit with the rest of the … Read more
The U.S. budget deficit widened to $310 billion in the first four months of the fiscal year, underscoring the revenue hit from Republican tax cuts and an increase in government … Read more
via CNBC: The U.S. trade deficit in goods rose 12.8 percent in December, according to an advanced estimate from the Census Bureau. The move comes amid trade hostilities between the … Read more
