The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.
Here are some interesting Tweets that discuss negative yields, the threat of Trump, debt financing, and other topics.
New Jersey In "Worse Shape Than Any Other State" Senate President Admits
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies just warned that the world is minutes from collapse as panic across the globe intensifies.
$3,727,014,000,000: Federal Spending Sets Record Through July; Treasury Runs $866,812,000,000 Deficit
"There's been a breathtaking accumulation of debt in the last decade or so." –DYLAN RIDDLE, The Institute of International Finance
Yesterday, in a lengthy article referencing the escalating dollar and funding liquidity shortage as a result of the aggressive rebuild of the Treasury's cash balance from $133BN to $350BN in the aftermath of the debt ceiling deal, we said "Forget Chi
Sen. Rand Paul (R-KY) has expressed his opposition to the bi-partisan deal to keep the federal government open as a waste of taxpayer funds, as well as President Donald Trump's decision to announce a state of emergency to acquire funds for a border
With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two year budget that has the United States careening toward catastrophe.
Stefan Molyneux traveled to California and reported that, while the state has the highest poverty rate in the country – estimated at 20% – plus massive debt and high taxes, it is spending 17% of its entire budget on illegal immigrants. A clip fro
Documents obtained by Motherboard show that Ring uses partnership and promotional agreements in order to contractually obligate public officials to promote its products.
An Economy Based on Plunder
Cause and Effect
More than half of the Trump administration's $8.4 billion in trade aid payments to U.S. farmers through April was received by the top 10% of recipients, the country's biggest and most successful farmers, a study by an advocacy group showed on Tuesday
One of the reasons why Trump and Congress were so quick to pass a debt ceiling deal last week is that had they failed to do so, with the Treasury's cash balance sliding precariously lower and expected to hit $0 by early September...
Last week, we discussed the setup for a near-term mean reversion because of the massive extension above the long-term mean.
$1.48 trillion increases military spending beyond House NDAA
Observing a rare cease-fire in their battles with President Donald Trump, the Democratic-controlled House on Thursday easily passed bipartisan debt and budget legislation to permit the Treasury to issue bonds to pay the government's bills and lock in
Members of Congress are well aware of the looming threat of the $22 trillion (and growing) national debt, but seem incapable of doing anything except making it worse.
It is official: The Tea Party is dead. Writing for National Review, Brian Riedl rightly sums it up: President Trump and congressional leaders are nearing a deal that would raise the discretionary-spending caps by $320 billion over two years and offse
Both major political parties are working together to destroy America's financial future, and most Americans don't seem to care.
President Donald Trump has instructed aides to prepare for sweeping budget cuts if he wins a second term in the White House, five people briefed on the discussions said, a move that would dramatically reverse the big-spending approach he adopted duri
Federal Reserve Chairman Jerome Powell said Thursday that the global economy could suffer "unthinkable" damage if the White House and Congress fail to raise the federal debt limit.
Officials unhappy with lack of funding for tactical nukes, limits on Gitmo
'We certainly do not want any thought of default on the part of the full faith and credit of the United States of America,' Pelosi said
The day of reckoning is coming for the United States' national debt and it will likely come in the form of a dollar collapse. This is a problem for every single person on the globe and it's only getting worse.
Colorado has passed another major marijuana milestone, surpassing $1 billion in state revenue since it legalized the drug in 2014.
In, The Lowest Common Denominator, we quantified the extent to which growth of consumer, corporate, and government debt has greatly outstripped economic growth and our collective income. This dynamic has made the servicing of the debt and the ultimat
Gov. J.B. Pritzker says Illinois' budget is balanced "for the first time in decades." That's the claim he made upon signing Illinois' $40 billion budget for 2020. Pritzker's claim is simply not true. According to the state's own actuari
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts says when it comes to making government accounting secret, there is widespread bipartisan support. We are talking about the new rule from the Federal Accounting Stand