#PresidentTrump #bondout #TaxOrder White House Economic Adviser Larry Kudlow said Tuesday the US government will borrow funds to cover any Social Security and Medicare shortfalls that may arise under President Trump’s executive order allowing businesses to defer paying the payroll taxes that support the programs. “We will bond out any additional money as we always […]
US Budget Deficit Rises for 1st Time in 7 Years, More Borrowing Needed The US budget deficit as a share of the economy widened for the 1st time in 7 years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt. Spending exceeded revenue by $587.4-B in […]
Donald Trump, “Hillary Clinton is trigger-happy and very unstable,” Republican Donald Trump vowed to boost military spending by 10’s of billions of dollars, outlining plans Wednesday for major increases in the number of active troops, Navy ships and submarines, and fighter planes as he works to convince skeptics in both parties he is ready to lead […]
US Corporate Profits Fall, US Government Deficit Rises $DIA, $SPY, $QQQ, $VXX The federal government last month recorded the biggest monthly budget deficit since February, and the deficit so far this budget year is running 10% higher than a year ago. The US Treasury Department said Wednesday that the deficit came in at $112.8-B in July, […]