The federal government’s deficit nearly tripled in the first nine months of the fiscal year, a surge that’s bound to raise concerns about the country’s rising debt levels…
Yuan, Futures Slide After Trump Orders Retirement Fund Investment in Chinese Stocks Blocked…
Having threatened last week that “COVID reparation” would be paid one way or another – and following Peter Navarro’s comments echoing the same rhetoric this morning – FOX Business reports that President Trump is moving ahead with his plans to block a government retirement fund from investing in Chinese equities considered a national security risk. […]
Yowza!: Deficit Soared to Record-Smashing $738B in April…
The Treasury Department on Tuesday said that the federal government ran a historic $738 billion deficit in April. The shortfall, which reflects the effects of the coronavirus pandemic, is about 3 times as large as the second-largest monthly deficit on record. It is larger than the federal deficit for all of fiscal year 2017, which […]