Newsom’s California budget crisis could hit a record deficit of $73 billion
California’s budget crisis could be wider than previously thought, reaching a record $73 billion deficit, according to a new report from the state’s nonpartisan Legislative Analysis Office (LAO). It is said that there is. The LAO made grim predictions in a report Tuesday, warning that a $24 billion “reduction in revenue” would equate to a […]
Zelensky rallies for international aid, warning of ‘artificial deficit’ of weapons
Ukrainian President Volodymyr Zelenskiy has repeatedly called for additional international aid and warned allies that an “artificial shortage” of weapons risks giving Russia more room to attack. Speaking at the Munich Security Conference, an annual gathering of security and foreign policy officials, President Zelenskiy emphasized that Ukraine is approaching the second anniversary of defending itself […]
Biden’s Climate Agenda Is Contributing To Ballooning Deficit, CBO Says
President Joe Biden’s massive climate change policies are contributing to the ballooning federal budget deficit, according to the Congressional Budget Office (CBO). The administration’s green spending, Vice President Kamala Harris recently Estimation It costs $1 trillion and contributes to the growing federal deficit. according to In a new CBO report assessing the nation’s budget outlook […]
Powell’s deficit warnings jostle lawmakers, economists
Federal Reserve Chairman Jerome Powell’s warning about an “unsustainable” national debt has raised questions about the severity of the nation’s fiscal crisis among some economists who believe the Fed is part of the problem. There is. Powell warned in an interview published Sunday that the United States is on a dangerous path, piling up a […]
Start Closing the Budget Deficit by Changing Foreign Aid from Grants to Loans
Federal debt just broke record $34 trillion.it took the country over 200 years recorded the first $1 trillion in debt, Three months To accumulate the latest trillion dollars. A new parliamentary spending deal will help stem the bleeding. But more needs to be done. The first step to helping reverse runaway debt is to end […]