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Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse
Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse
While not as dire as previous years, the US budget deficit remains a ticking time bomb.
There was some good news and some not so good news, when the Treasury reported the monthly revenue and outlays for the month of March.
First the good news: The US federal government reported that the March budget deficit rose $4 billion or 2% to $164.1 billion from $160.5 billion a year ago, and higher than the $153.3BN...
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Schiff: This War Is "Going To Cost A Lot Of Money We Don't Have"
Schiff: This War Is "Going To Cost A Lot Of Money We Don't Have"
Last night, ZeroHedge hosted investor Peter Schiff and Rabobank's Michael Every to debate the question: Will the war in Iran accelerate the U.S. dollar’s collapse or is it a geopolitical chess move that could strengthen its hegemony?
Moderated by Cornell professor Dave Collum, Schiff - based in Austrian economics - argued that the war will do nothing but harm the American economy via higher prices and interest rates, while the dollar weakens.
Every believes Trump can pull a...
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