The Lowdown on the Government Shutdown
A government “shutdown” is here. This is nothing more than political theater. Don’t get caught up in the rhetoric and emotion. The only thing that matters is what Congress ultimately does. And I can almost guarantee what it will do. More spending....
Feds Kick off Fiscal 2025 With Another Big Deficit
After running the third-largest budget deficit in history in fiscal 2024, the federal government kicked off fiscal 2025 with more of the same. The federal government ran a $257.45 billion budget shortfall to start the new fiscal year, with revenue down and spending...
Feds Run Third-Largest National Debt Ever as Interest Payments Eclipse $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024, and paid over $1 trillion just on interest payments on the debt. This is the kind of borrowing...