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Massive Deficit Spending Greenlights Waste, Fraud, Profiteering and Dysfunction

Submitted by Charles Hugh Smith from Of Two Minds The nice thing about free to me money from any source is the recipients don't have to change anything. Free money.....»»

Category: blogSource: zerohedgeSep 14th, 2018

U.S. Budget Deficit Widened in October, Treasury Says

The federal government started its new fiscal year much as it ended the last one—with spending up and revenues lagging behind the broader economy......»»

Category: smallbizSource: wsjNov 14th, 2018

Italy keeps rejected spending targets, reigniting fears of EU face-off: reports

The Italian government failed to produce a revised deficit target requested .....»»

Category: topSource: marketwatchNov 13th, 2018

Treasury Expects to Issue Over $1 Trillion in Debt in 2018

The U.S. Treasury Department estimates it will issue more than $1 trillion in debt this year as higher government spending and stagnant tax revenues push the deficit higher......»»

Category: smallbizSource: wsjOct 30th, 2018

U.S. business spending on equipment cooling; goods trade deficit rises

U.S. business spending on equipment appeared to have remained slow in September and the goods trade deficit widened further as rising imports outpaced a rebound in exports, suggesting economic growth moderated in the third quarter......»»

Category: topSource: reutersOct 25th, 2018

U.S. business spending on equipment slowing; goods trade deficit rises

New orders for key U.S.-made capital goods fell for a second straight month in September and the goods trade deficit increased further amid rising imports, suggesting economic growth moderated in the third quarter......»»

Category: topSource: reutersOct 25th, 2018

For Fed, sell-off could point to fading Trump stimulus

A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes......»»

Category: topSource: moneycentralOct 23rd, 2018

For Fed, sell-off could point to fading Trump stimulus

A three-week stock market sell-off may signal concerns that the massive stimulus from U.S. tax cuts and government spending will fade sooner than expected, a central issue for the Federal Reserve as it considers when to halt interest rate hikes......»»

Category: topSource: reutersOct 23rd, 2018

Android fraud ring was stealing millions in fake ad revenue

A Buzzfeed News investigation has uncovered a massive ad scam......»»

Category: topSource: moneycentralOct 23rd, 2018

Lacalle: Italy"s Problem Is Not The Euro, It"s Political Spending

Authored by Daniel Lacalle via DLacalle.com, The Italian government has created another massive turmoil in European markets with its 2019 budget proposal. Not only does it represent a huge increase in a country that already has 131% of debt .....»»

Category: blogSource: zerohedgeOct 18th, 2018

US refrains from calling China a currency manipulator

The Trump administration on Wednesday refrained from naming China or any other trading partner as a currency manipulator as it leans on tariffs to try to cut a massive trade deficit with China......»»

Category: topSource: moneycentralOct 17th, 2018

Trump Today: Trump Today: President seeks spending cuts as deficit widens

President Donald Trump said Wednesday he’s asking his cabinet secretaries to trim their budgets, as he called immigration a great issue for the midterm elections and slammed Senate hopeful Beto O’Rourke......»»

Category: topSource: marketwatchOct 17th, 2018

McConnell calls deficit ‘very disturbing,’ blames federal spending, dismisses criticism of tax cut

The Senate GOP leader’s comments came one day after the White House reported that the government ran a deficit of $779 billion in the recent fiscal year, a 17 percent increase......»»

Category: topSource: washpostOct 16th, 2018

Key Words: McConnell calls rising budget deficit ‘very disturbing’

Senate Majority Leader Mitch McConnell pinned the U.S.’s rising budget deficit on big federal spending programs and said the red ink is not a problem for only one party to solve......»»

Category: topSource: marketwatchOct 16th, 2018

Deficit balloons to $779 billion in Trump’s second year

Treasury Secretary Steven Mnuchin pointed out the president's proposals to cut "wasteful spending.".....»»

Category: topSource: washpostOct 15th, 2018

US Spending On Interest Hits All Time High As Budget Deficit In Trump"s First Year Soars To $779 Billion

One month ago we already knew that the U.S. budget deficit for the 2018 fiscal year - Trump's first full year in office - would be jarring after the August defi.....»»

Category: blogSource: zerohedgeOct 15th, 2018

Economic Report: U.S. budget deficit jumps to $779 billion

The U.S. recorded a $779 billion deficit in the fiscal year ending Sept. 30, an increase of $113 billion, as spending climbed while revenue remained nearly flat......»»

Category: topSource: marketwatchOct 15th, 2018

Italy seeks to reassure US over spending plans

Italy's economy minister has met with the U.S. Treasury Secretary to reassure international partners about Italy's deficit-busting spending plans, which have spread worry through markets and EU institutions......»»

Category: topSource: foxnewsOct 12th, 2018

Italian parliament approves controversial spending targets

Italy's parliament has approved deficit-raising spending targets, defying markets and Italy's eurozone partners who had been pressing for changes......»»

Category: topSource: foxnewsOct 11th, 2018

Federal Revenues Remain Steady Despite Solid Growth and Hiring

CBO says government spending rose 3% in fiscal year 2018, pushing the budget deficit to $782 billion, up from $666 billion the previous fiscal year......»»

Category: smallbizSource: wsjOct 6th, 2018

PM Perspectives: U.S. Dollar Outlook Dims In 2019 On Deficit Spending, Slowing Growth

PM Perspectives: U.S. Dollar Outlook Dims In 2019 On Deficit Spending, Slowing Growth.....»»

Category: topSource: seekingalphaOct 5th, 2018