Spreading the truth. Empowering the people.
finance.yahoo.com/news/ge-gaping-pension-deficit-just-100000314.html (Bloomberg) — General Electric Co.’s gaping pension deficit certainly stands out for its size. But the company is hardly the only one at risk of potentially shortchanging some of … Read more
by Michael Snyder We are in the process of committing national financial suicide, and most Americans don’t seem to care. As you will see below, the federal budget deficit for … Read more
Repo Meltdown Shows Budget Deficit Has Limits (Bloomberg Opinion) — The repo market madness lives on for a ninth day. The Federal Reserve Bank of New York announced Wednesday that … Read more
Via Bruce Wilds’ Advancing Time blog, While we read a great deal about the huge trade deficit America runs with China it is important to understand we are not the … Read more
UPDATE: US budget deficit smashes $1 trillion mark, highest in 7 years The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first … Read more
Poll: Trump approval falls as majority of Americans brace for recession President Donald Trump’s job approval rating fell several points in a new survey, while Americans’ fears of a looming … Read more
www.marketwatch.com/story/the-us-treasury-is-about-to-flood-the-market-with-debt-to-fund-a-1-trillion-deficit-heres-why-that-is-a-worry-2019-08-15 Last month the U.S. Treasury laid out its plans to borrow $814 billion between July and December, after the Trump administration and Congress agreed to a two-year postponement of … Read more
From The Wall Street Journal: Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern … Read more
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
