Budget Deficit Sets Another Record Under Trump, Heads Toward $1 Trillion
The Federal Budget Deficit rose 27% in July, putting it on course for the $1 trillion by the end of September.
The Federal Budget Deficit rose 27% in July, putting it on course for the $1 trillion by the end of September.
July’s Jobs Report was in line with expectations, but hardly indicative of a booming economy.
WIth some signs pointing to a slowing global economy, and President Trump applying political pressure, the Federal Reserve reversed interest rate policy yesterday.
The economy slowed somewhat during the second three months of 2019, but the economic recovery still looks strong as we head into the 122nd month of positive growth.
President Trump and the Congressional leadership have reached agreement on a multi-year budget deal that that busts through all remaining controls on spending.
The Federal Budget Deficit passed the $700 Billion mark with three months still to go in the Fiscal Year.
June’s jobs report brought in stronger than expected numbers but the fact that these numbers have not been consistent all year makes one wonder what the state of the economy really is.
New polling suggests that the President may not be benefiting from the relatively healthy economy as much as expected.
The current economic recovery turns ten years old this month, but it can’t last forever.
Jobs Growth in April was much higher than expected, seemingly putting to rest for now fears that the economy might be slowing.
President Trump is trying to politicize monetary policy. He should be resisted on this front.
First quarter economic growth came in higher than expected, but there are several caveats worth keeping an eye on.
Yesterday, Microsoft became the third American company to reach $1 trillion in market value.
In a two-hour rant before an adoring crowd of CPAC sycophants. President Trump displayed everything wrong with him and his Presidency.
Economic growth slowed significantly in the fourth quarter of 2018 from where it had been earlier in the year. And it’s likely to slow down even more.
The National Debt officially topped $22 trillion, marking a $2 trillion increase since President Trump took office.
The Trump Administration either doesn’t realize the impact the shutdown is having on Federal workers who haven’t been paid in a month, or it doesn’t care.
The government shutdown is beginning to negatively impact the public’s perception of the health of the economy.
Two years of Republican control of the Legislative and Executive Branches has put us back on a path toward $1 trillion budget deficits.
December’s Jobs Report blew past expectations to show more than 300,000 jobs created.
With the economy appearing to sour, Treasury Secretary Steve Mnuchin is quickly becoming the President’s latest target of criticism.
Christmas is behind us, but don’t expect any progress when it comes to the government shutdown, which is in its fifth day.
President Trump is now apparently on the warpath against the Federal Reserve Board Chairman he appointed only a year ago.
Jobs Growth in November was healthy but fell short of expectations.
The economy is in good shape for the moment but there are storm clouds on the horizon.
The current economic recovery is nearly ten years old. It isn’t going to last forever, though, and that could pose a problem for the GOP in 2020.
The evidence that the GOP lost the midterms because of public repudiation of President Trump is overwhelming. The GOP will either accept this and learn from it, or they will not.
The economy appears to have grown strongly in the third quarter, but concerns about long-term growth remain.
Nearly two years into Republican control of Washington, the budget deficit is headed back up.
The Federal Budget Deficit is set to end the Fiscal Year close to $1 trillion, and to continue growing after that.
Donald Trump is now attacking his own appointee to head the Federal Reserve Board.
The economy grew at an exceptionally strong pace according to the first estimate of GDP growth, but several caveats remain.
The President is apparently getting ready to take yet another ill-advised step in his ill-advised, economically illiterate trade war.
Total nonfarm payroll employment increased by 213,000 in June and the unemployment rate rose to 4.0 percent.
The National Debt has passed $21,000,000,000,000 for the first time in history just as the nation begins its return to the era of trillion dollar budget deficits.
The Federal Government will borrow more than $1 trillion this year for the first time in more than a half-decade.
May’s jobs report was stronger than the previous two months, but not entirely great.
The Federal Reserve sees the economy staying relatively the same for the foreseeable future, which is both a good and bad thing.
The first estimate of economic growth in the first three months of 2018 beat expectations slightly, but it doesn’t bode well for the immediate future.
The DJIA (and other markets) are not too happy about all of this trade war talk.
A better than expected jobs report for February, but wage growth slowed for the month.
President Trump has announced that he’ll be imposing significant tariffs on steel and aluminum imports. This is an unwise decision.
Republicans spent the eight years of Obama Administration railing against fiscal irresponsibility. Now that they have power, they’re the ones being fiscally irresponsible.
Congress seems likely to pass a budget deal today that will massively increase spending, putting to rest once and for all the rank hypocrisy of Republicans when it comes to claims that they are “fiscally conservative.”