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 …
by Throyd I’m an europoor who works in international logistics. I’m writing this post to let the world know what I see. Because I’m scared as f*ck. From what my wrinkles says to me there’s coming a huge crash in …
via nytimes: The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive. With less money …
via CNN: That’s what the Social Security and Medicare trustees projected in their 2018 annual report released Tuesday. The trustees estimate that by 2034 the combined trust funds for Social Security — which help fund the old age and disability …
from CNBC: It was referring to total debt incurred by the household, government, financial and non-financial corporate sectors. However, China which has accounted for the lion’s share of new debt in emerging markets, saw the pace of debt accumulation slow; …