The Treasury reported total government receipts of $253 billion for the month of October, while total outlays were $353 billion. The U.S. taxpayer is left holding the bag for the difference of $100 billion.
Despite the volatility on Wall Street, the U.S. economy continues its remarkable record-setting recovery from the Great Recession and the Obama administration.
Monday’s selloff in stocks brought the Dow Jones Industrial Average down more than five percent since early October. Is this decline a harbinger of further declines to come?
If Independents tune out the noise and focus on their votes on their pocketbooks on Tuesday, Congress should remain in Republican hands.
Stocks bounced higher on Wednesday following Tuesday’s relief rally, responding to another positive employment report from ADP/Moody’s: The economy notched a gain of 227,000 new jobs in October.
The national debt of the United States government jumped by $1.3 trillion during the fiscal year ending September 30, and the U.S. Treasury will issue new debt in the amount of $1.34 trillion.
President Trump’s Council of Economic Advisors released a 72-page report explaining the dangers in enacting Bernie Sanders’ socialist healthcare takeover called “Medicare for All.”