Retirement Backlog at OPM Experiences Unexpected Increase in May, Rising 33%
The backlog of resignations at the Office of Personnel Management (OPM) saw a significant rise last month, attributed to an unexpected surge in resignation applications. In May, the OPM received 15,048 resignation requests, pushing the unpaid backlog to 21,483. This marks a 33% increase from April’s backlog of 16,173. Surprisingly, this year’s tally has reached […]
Trade Deficit in the U.S. Shrinks Significantly as Imports Fall and Exports Increase
US Trade Deficit Experiences Significant Decline The US trade deficit in goods and services saw a notable decrease in April, dropping from $138.3 billion in March to $61.6 billion. This marked the largest reduction on record, largely fueled by a steep drop in imports alongside steady growth in American exports. This 16.3% decrease in imports, […]
Silver prices increase on June 5
Silver Prices Update On Thursday, silver prices (XAG/USD) saw an increase, reaching $34.88 per troy ounce. This marks a rise of 1.14% from the previous day’s price of $34.49. Since the beginning of the year, silver has appreciated by 20.72%. Unit Measure Today’s silver price in USD Troy ounce 34.88 1 gram 1.12 The gold/silver […]
Forex Update: ECB rate decision and US data expected to increase volatility
Market Update for Thursday, June 5th Here’s a quick rundown of today’s financial scene: Major currency pairs are experiencing some fluctuations this Thursday morning, wandering within their weekly ranges. The European Central Bank (ECB) has just released its monetary policy decision. On the other hand, the US Economic Calendar is dishing out job data for […]
Economists caution that a $4 trillion tax increase is possible if the 2017 tax reductions end.
Economists Push for GOP Tax Package Amid Concerns On Thursday, over 300 economists wrote to President Donald Trump and Republican leaders, urging swift action on the GOP tax plan. They believe that passing it is crucial to prevent the 2017 tax cut from expiring, which amounts to around $4 trillion. Leading the effort, economist Stephen […]
Increase in Migrant Apprehensions Along Southwest Border in May – Nearly All Were Sent Back
Border Patrol Arrests Surge in May Recently reviewed border patrol data indicates that agents apprehended over 8,500 migrants attempting to cross the U.S.-Mexico border illegally in May. This marks the second month in a row of rising concern over border crossings. Notably, more than 99% of those arrested were either sent back to Mexico or […]
Trump’s tax plan could increase the deficit by $2.4 trillion over ten years, according to the CBO.
According to a recent estimate by the Congressional Budget Office (CBO), President Trump’s “big, beautiful bill” would increase the nation’s deficit by $2.4 trillion over nearly a decade. The CBO reported that the proposed tax cuts, alongside additional measures, aim to eliminate expiration provisions in the Trump Signature 2017 tax law, but these cuts are […]
Increase in Migrant Apprehensions Along Southwest Border in May — Nearly All Were Sent Back
Border Patrol Reports Increased Migrant Arrests A recent, unofficial report from Border Patrol, reviewed by Breitbart Texas, indicates that over 8,500 migrants were apprehended for illegally crossing the southwest border from Mexico during May. This marks the second month in a row of rising alerts. Notably, more than 99% of those arrested were returned either […]
Doug Ford calls on Canada’s leader to increase tariffs on the US.
Ontario Premier Doug Ford is urging Canadian Prime Minister Mark Carney to increase tariffs on the U.S. in response to President Trump’s recent decision to double tariffs on steel and aluminum. “I really think the Prime Minister should impose a matching 25% tariff on President Trump’s steel tariffs, on top of our existing tariffs,” Ford […]
The tax plan proposed by Trump would reduce taxes but increase the national debt, according to the CBO.
Trump Administration’s Tax Bill Analysis The Trump administration recently waved goodbye to Elon Musk, who had been focusing on enhancing government efficiency and reducing spending. President Donald Trump’s proposed “Big Beautiful Building” tax plan is projected to cut taxes by $3.7 trillion. However, the Congressional Budget Office (CBO) estimates it will also increase the deficit […]