Economy

“Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit…”

“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…

Economy

“Social Security shortfall: Trust fund to run dry in 2035, trustees predict”

“Social Security’s Opens a New Window. reserve funds are expected to be depleted in 2035, at which time the program will no longer be able to pay out benefits Opens a New Window. in full. That’s according to the annual… Continue Reading…

Economy

“US budget deficit running 15% higher than a year ago”

“The federal government reported a $146.9 billion deficit in March, causing annual debt to rise 15% for the first half of the budget year compared to the same period in 2018. The Treasury Department said Wednesday in its monthly report… Continue Reading…