Dollar Strength Confirms U.S. Policies Are the Least Bad
The economic recovery seems to be gaining steam in the U.S. That indicates the dollar could move higher.
by Michael Carr | Mar 26, 2021 | Chart of the Day, Markets
The economic recovery seems to be gaining steam in the U.S. That indicates the dollar could move higher.
by Michael Carr | Feb 23, 2021 | Chart of the Day
Some argue more broad stimulus is needed. But spending on this level may not be the answer as the budget ...
The CBO report follows a burst of new spending last year and the repeal in December of several taxes.
by Eugene Townes | Dec 18, 2019 | Economy
The U.S. fiscal budget for 2019 was just shy of $1 trillion, a mark it hasn't hit since the Great ...
by Bonner & Partners | Nov 19, 2019 | News
The rich are more like bystanders who found the overturned beer truck than the one who robbed it.
The U.S. hasn't had $1T annual deficits since 2009 through 2012, while recovering from the financial crisis.
The Congressional Budget Office estimates that the deficit will stay above $1 trillion over the next decade.
The biggest drivers behind the deficit are Social Security, Medicare, the most popular social safety nets.
For this year, revenues are up 3.4%, but spending is up by 7%, nearly double the increase in revenues.
The votes came amid tensions on the committee, which is responsible for $1.4T worth of agency funding.
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