US 2026 Budget Deficit Hits $1.97 Trillion With One Month Left; Interest At Record $1.4 Trillion

Watch Live: Fed Chair Warsh Explains Why He Hiked Rates Into Stagflation The FOMC just (unanimously) hiked rates for the first time since July 2023 despite recent inflation prints slowing... Additionally, recent macro surprises are clearly signaling stagflation - the central banker's nemesis... So, a hike for credibility... but Warsh’s biggest challenge will be communicating his outlook without reverting to forward guidance, even as markets seek clarity on whether today’s likely move is one-and-done, or the start of a broader tightening cycle. With investors forced to extract more signal from his language, the press...

Waste Of The Day: Town Manager's Snacking Spree Authored by Jeremy Portnoy via RealClearInvestigations, Topline: Michael Boaz, the former town manager of Pilot Mountain, North Carolina, made hundreds of unauthorized purchases on his city credit card from 2022 to 2024, including bullets and a hotel for his family vacation, according to a state audit released in May. Boaz was fired in 2024 when the allegations first came to light. Now that a state audit confirmed the questionable purchases, he has been indicted for felony embezzlement. Key facts: Boaz' questionable purchases totaled $18,426, much...

Entire Ethiopian Football Team Vanishes In Sweden After Youth Tournament Via Remix News, Twenty Ethiopians connected to a youth football team disappeared in Sweden on the final day of the Gothia Cup youth tournament, prompting an international missing persons search. The group consists mainly of boys aged between 14 and 17, together with one or more adult leaders. Police believe they left voluntarily, amid suspicions that they may be attempting to remain in Sweden or another European country, although officers say that has not been confirmed. The Gothia Cup, also known as the...