March 25, 2020
“The White House and Senate leaders of both parties announced agreement early Wednesday on an unprecedented $2 trillion emergency bill to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed measure… Continue Reading…
February 12, 2020
“Total U.S. household debt rose by $601 billion in the fourth quarter from a year earlier, or 1.4%, surpassing $14 trillion for the first time, the New York Fed’s quarterly household credit and debt report showed. That’s $1.5 trillion above… Continue Reading…
January 15, 2020
“The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon. That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the… Continue Reading…
January 1, 2020
“The federal debt increased by a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury. This was the first decade in the history of the nation when increases in the federal… Continue Reading…
December 31, 2019
“…the richer they were at the start of the year, the richer they got. The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion… Leading the 2019… Continue Reading…
December 30, 2019
“Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations. The value of global equities began the year just under $70 trillion but has now surpassed… Continue Reading…
December 3, 2019
“US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post. Since the financial crisis in 2008, corporations have splurged… Continue Reading…
August 26, 2019
“The federal government will rack up $12.2 trillion in deficits through 2029, according to a new projection from the nonpartisan Congressional Budget Office (CBO), an $809 billion increase from its last projection in May…” https://thehill.com/policy/finance/458232-deficits-to-exceed-12-trillion-through-2029-cbo
June 12, 2019
“For the first time in the history of the United States, the federal government has spent more than $3 trillion in the first eight months of the fiscal year, according to the Monthly Treasury Statement released today. The record $3,013,541,000,000 that… Continue Reading…
May 3, 2019
“Democratic congressional leaders said President Trump agreed to aim for a $2 trillion infrastructure package in a White House meeting on Tuesday, though the two sides didn’t discuss how it would be paid for, and Capitol Hill Republicans are unlikely… Continue Reading…
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