Federal Budget Deficit Nears $2 Trillion For Fiscal Year
Uncle Sam has added $1.2 trillion to the budget deficit over the last two months, according to the latest numbers Monday that detail how the government has used cash to try to combat the coronavirus pandemic and its economic catastrophe.
The post Feder…
Samaritan’s Purse among volunteer health workers required to pay New York income tax for helping during pandemic
Having been asked to come to New York City to help with the COVID-19 crisis, disaster relief organization Samaritan’s Purse (SP) has been told it must pay state taxes for the time it spent running its free-of-charge field hospital in Central Park.
The …
US deficit expected to reach nearly $4 Trillion
The US Congressional Budget Office (CBO) predicted on Friday that, as a result of the COVID-19 pandemic, America’s deficit will reach $3.7 trillion this year, Politico reports. The CBO also said that unemployment will rise to 16 percent in 2020, before…
Watchdog Report: Debt will exceed U.S. economy in 2020
Debt held by the public will exceed the size of the U.S. economy by the end of fiscal 2020, a watchdog said Monday.
The post Watchdog Report: Debt will exceed U.S. economy in 2020 appeared first on Worthy Christian News.
Federal Taxes and Spending Set Records Through February
The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first five months of fiscal 2020 (October through February), according to data released today in the Monthly Treasury Statement.
The po…
US trade deficit narrows to $45.3 billion in January
The U.S. trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with China widened.
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