CBO projects deficits will sharply rise if Trump tax cuts made permanent
New forecasts from official legislative scorers in Congress will explode if Trump's tax cuts are permanent and simply not expanded. In response to a survey from David Schweikert (R-Ariz.), a member of the Methods and Means Committee, the Congressional Budget Office (CBO) found on Friday that debt levels would reach 214% of GDP in 2054, […]
Diamond prices dropping sharply – Boing Boing
Diamonds may be forever, but prices are falling fast. Naturally formed diamonds lose their value very quickly –26% less in stores today than two years ago– One gemologist described them as a “waste of money”. The fall is being driven, among other things, by the mass production of lab-grown diamonds, whose own value has fallen […]
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 […]
Bitcoin Price Drops Sharply as 'Uptober' Begins With Mass Liquidations and Middle East Tensions – Decrypt
Bitcoin prices plunged on Tuesday morning, the first day of the month that was historically expected to bring profits to traders. According to CoinGecko, the price of the largest digital asset is now $62,798, after falling as low as $62,633. It is down nearly 2% in 24 hours. US stocks too experienced a sharp decline […]
Business Optimism Deteriorates Sharply On Election Worries
Kamala Harris' rising popularity in national political polls has come at the cost of worsening optimism among American businesses. A September survey of executives revealed a sharp deterioration in forecasts for output over the next 12 months, according to S&P Global, with the survey's future output index falling to its lowest level since October 2022 […]
Dem Sen. Bob Casey’s lead over GOP challenger Dave McCormick sharply narrows in three Pennsylvania polls
BETHLEHEM, Pa. — Pennsylvania Democratic Sen. Bob Casey's lead over Republican challenger Dave McCormick is narrowing, according to three new polls, one of which puts the gap between the candidates at just one point. A collaboration between The New York Times, The Philadelphia Inquirer and Siena College vote Among registered voters, Casey (48%) leads McCormick […]
Support for Taylor Swift’s get-out-the-vote effort drops sharply among particular voting bloc: poll
A new poll finds that support for Taylor Swift's efforts to encourage her millions of fans to vote in the upcoming election is declining nationwide. A national Monmouth University poll released Thursday found that 53% of respondents supported Swift's voter outreach efforts, which she posted on social media last week after the first and likely […]
Mortgage rates fall sharply to lowest level in over a year
Erin Sykes, chief economist at Nest Seekers International, opines on “The Bottom Line” that high interest rates continue to hurt the housing market. Mortgage rates plummeted to their lowest levels in more than a year this week, boosting demand in the housing market. Freddie Mac’s latest primary mortgage market survey released Thursday showed that the […]
Biden-era deportations down sharply from Trump era, despite media and activist narrative: analysis
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Trump conviction in hush-money case sparks sharply divergent reactions | Donald Trump
Donald Trump’s conviction on 34 felony counts of falsifying business records set off a political storm in Washington on Thursday, with Republicans slamming the verdict as a miscarriage of justice and Democrats praising the New York jury for delivering a fair verdict in one of the most historic trials in American history. Republicans predictably rallied […]