Feds Run Record-Breaking November Budget Deficit
The federal government just ran the largest November budget deficit in history. And it managed this feat even with a 9 percent increase in government receipts. The November budget shortfall came in at $314.01 billion, according to the Monthly Treasury Statement. That...
Joe Biden’s Economic Ignorance
President Joe Biden is either economically ignorant or a liar. Or maybe both. Are “greedy” corporations driving inflation? Could taxing billionaires solve the government’s fiscal problems? According to Joe Biden, the answer to both questions is yes. The correct answer...
Feds Kick Off Fiscal 2024 With Another Big Budget Deficit Despite Record Tax Receipts
After running the third-largest budget deficit in U.S. history in fiscal 2023, the federal government kicked off fiscal 2024 with another big budget shortfall. The federal government ran a $66.56 billion deficit in October, according to the Monthly Treasury Statement....