The Congressional Budget Office (CBO) has released its preliminary analysis of spending, revenue, and deficits for fiscal year (FY) 2025. CBO’s report illuminates several concerning trends that should prompt legislative action to rein in reckless spending and reduce deficits as soon as possible. Strong Revenue Growth Fails to Prevent Disturbing Deficit CBO estimates that the... The post Fiscal Year 2025 is Over: What Congress Should Know & How to Respond appeared first on EPIC for America.| EPIC for America
Federal government net debt reaches nearly $1 trillion at the end of Q2| Economy | Advisor.ca
Budget watchdog cites weak economy, higher capital spending in revised outlook| Economy | Advisor.ca
Američki proračunski deficit osjetno je smanjen u kolovozu, uz skok prihoda od carina, pokazuju podaci ministarstva financija.| Poslovni dnevnik
How do you go from having a $3 billion budget surplus and stable tax revenue to broke in just a few years? By repeatedly spending more than you take in. General Fund spending has pretty much been out of control since 2018, the year after the Legislature passed the largest tax increase in state history. […]| Kansas Policy Institute
Yes. The state is spending more than it is taking in, and the Legislative Fiscal Bureau projects the state is on pace to have a -$1.4 billion general fund deficit by June 30, 2029.| Wisconsin Watch
An exorbitant privilege. That is what French President Valéry Giscard d'Estaing called the U.S. dollar's role as the global international reserve currency. That role brings many advantages but is it sustainable and worth any costs? What would it take for an alternative to emerge? The raising of the debt ceiling, the rise of China as a financial power and recent troubled economic times in the United States have many questioning the future of the U.S. dollar. A BETTER PEACE welcomes Rob Farley...| A Better Peace: The War Room Podcast
Let’s all go bankrupt! A bill introduced today by Ted Cruz (R-Texas), chairman of the Senate Commerce Committee, rejects the Trump budget plan to phase out NASA’s failed SLS, Orion, and Lunar Gateway programs that have cost so far tens of billions for decades without accomplishing anything, and instead expands funding over the next decade to these and many other projects and agencies at NASA.| Behind The Black - Robert Zimmerman
When autistic clients first present for therapy, it’s because their life has become so unbearable that they desperately need help.| New Harbinger Publications, Inc