Trump is wrong: Raising tariffs won’t fix the trade deficit
President-elect Donald Trump's obsession with tariffs reflects a deep-seated antipathy toward trade and trade deficits. about himn words“Trade deficits have a very negative effect on the economy.” Is the trade deficit really a problem for the US economy? debatable. But either way, in most cases, Economists oppose the introduction of tariffs It seeks to address […]
10 years later: The CIA ‘Torture Report’ and America’s accountability deficit
Today marks the 10th anniversary of its release. Heavily edited 500 page executive summary The U.S. Senate Intelligence Committee's landmark report following its investigation into the CIA's post-9/11 detention and interrogation program. The report, also known as the “Torture Report,” is over 6,000 pages long. adam driver I starred in a movie about it. But […]
U.S. Trade Deficit Narrows Sharply in October, Exceeding Expectations
The U.S. trade deficit narrowed significantly in October, falling 11.9% to $73.8 billion, according to data released Thursday by the Commerce Department. This was a much smaller deficit than expected, as economists had expected a deficit of $75.4 billion. The trade gap for September has been revised downward to $83.7 billion from the original estimate […]
San Francisco’s New Mayor Faces Nearly $1 Billion Deficit, Despite Federal Pandemic Cash
San Francisco Mayor-elect Daniel Lurie will have to tackle the city's nearly $1 billion budget deficit when he takes office on January 8, and could be forced to cut staff and services to overcome the city's own funding shortfalls. There is sex. San Francisco imposed strict lockdown policies during the coronavirus pandemic, but also adopted […]
Reeling Rangers can’t overcome early deficit against Flyers
PHILADELPHIA — Travis Konecny scored two goals, Ivan Fedotov made 22 saves and the Philadelphia Flyers defeated the New York Rangers 3-1 on Friday. Konecny slipped the puck between the legs of Rangers goaltender Igor Shesterkin on a breakaway in the first period, giving Philadelphia a two-point lead. He added an empty netter at the […]
Trump could slash deficit $1.4T by reversing Biden executive actions: report
WASHINGTON – President-elect Donald Trump could reduce the federal deficit by $1.4 trillion over the next 10 years by reversing President Biden's executive actions, according to a report. The Committee for a Responsible Federal Budget, a nonprofit organization that advocates for fiscal restraint, has raised potential cost savings as the Trump administration's unofficial Office of […]
Trump win sets up GOP battle between deficit hawks, tax cutters
With the election victory of President-elect Trump, the Republican Party is close to taking control of both houses of Congress, and a fight is erupting within the Republican Party over tax cuts and budget deficit control. Republicans are on track to start a second Trump administration with a majority in both chambers, giving them a […]
Mets superfans flock to Citi Field to rally team from NLCS deficit
A certain feeling prevailed as Mets fans packed into Citi Field on Thursday to watch the Amazons tie the game in the National League Championship Series against the Los Angeles Dodgers. “This is everything.” Crisp air and cool breezes accentuated the frenetic feel of October baseball in Queens as teams try to clinch a ticket […]
No. 4 Penn State fights back from two-touchdown deficit for walk-off win against unranked USC in overtime
While palm trees were sweating all over State College, the Nittany Lions breathed a sigh of relief. After trailing by as many as 14 points, fourth-ranked Penn State won a walk-off 33-30 on the road against unranked USC. Tied at 30, USC took all three timeouts with 2:53 remaining but didn't use any of them. […]
Biden’s $2 trillion deficit proves the ‘strong economy’ is a lie
Agenda-focused economists and Democratic Party spokespeople keep repeating the claim that the economy is strong. But economic power can often be a deception. We've all seen families with big, beautiful homes, luxury cars, designer clothes, and country club memberships. At first glance, things seem to be going well, right? But if you borrow a lot […]