April 10, 2024
“Washington continues to spend like deficits and debt don’t matter, and the politicians would rather you don’t know. For the record, the Congressional Budget Office reported Monday that the federal budget deficit for the first six months of fiscal 2024,… Continue Reading…
March 19, 2024
“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…
February 8, 2024
“The annual trade shortfall shrank nearly 19% to $773.4 billion from a record in 2022, Commerce Department data showed Wednesday. In December, the deficit in goods and services trade widened slightly from the prior month to $62.2 billion. The figures… Continue Reading…
June 7, 2022
“The gap in goods and services trade narrowed $20.6 billion, or 19.1%, to $87.1 billion, Commerce Department data showed Tuesday. The median estimate in a Bloomberg survey of economists called for an $89.5 billion deficit. The figures aren’t adjusted for… Continue Reading…
December 29, 2021
“The U.S. trade deficit in goods mushroomed to a record in November as imports surged and exports slipped. The goods trade deficit widened last month by 17.5% to $97.8 billion from $83.2 billion in October, the Commerce Department said on… Continue Reading…
November 11, 2021
“EDITOR’S NOTE: The Associated Press reports that “the U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, continue to climb.” This September… Continue Reading…
June 17, 2020
“The U.S. budget gap more than doubled in May, pushing the deficit for the fiscal year to near $2 trillion, as federal revenues plunged and government spending soared to help combat the coronavirus pandemic…” https://www.wsj.com/articles/federal-budget-deficit-nears-2-trillion-for-fiscal-year-11591630088
May 14, 2020
“The federal government has spent more money and run a larger deficit in the first seven months of fiscal 2020 (October through April) than in any previous year, according to the data published today in the Monthly Treasury Statement. In fact,… Continue Reading…
April 15, 2020
“Independent forecasters now expect this year’s budget deficit to nearly quadruple the pre-coronavirus estimate, reaching nearly $4 trillion. That amount of red ink in a single fiscal year would dwarf the deficit peak of $1.4 trillion during the Great Recession… Continue Reading…
March 12, 2020
“During the October-February period, the government spent a record $1,991,272,000,000 while it collected a record $1,366,750,000,000 in taxes… Thus, while running up records in taxing and spending for the first five months of the fiscal year, the federal government also… Continue Reading…
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