U.S. Ran $200 Billion Trade Deficit With Communist China in First Half of 2022
The United States ran a merchandise trade deficit of $200,096,600,000 with the People’s Republic of China in the first six months of this year, according to data released today by the Census Bureau.
US federal government received nearly $4 trillion in record tax income this fiscal year
The US federal government collected a record $3,835,390,000,000 in total taxes in the first nine months of this fiscal year, the new Monthly Treasury Statement of Receipts and Outlays of the United States Government (MTS) reports. The Fiscal Year-to-Da…
Sen. Rand Paul Blocks $40B for Ukraine: ‘We Cannot Save Ukraine by Dooming the U.S. Economy’
“My oath of office is to the U.S. Constitution, not to any foreign nation,” Sen. Rand Paul (R-Ky.) said in a speech on the Senate floor Thursday, as some of his fellow Republicans urged immediate passage of a bill — this one totaling $40 billion — to…
Robust imports push U.S. trade deficit to record high in March
The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and could remain a drag for a while as businesses replenish inventories with imported goods.
Bankrupt Sri Lanka Asks Expats For Help
Sri Lanka has urged its citizens overseas to send home money after announcing a default on its $51 billion foreign debt amid anti-government protests.
$4,638,000,000,000: Biden’s Budget Calls for Record Taxes in 2023
President Joe Biden’s budget proposal, which the president released today, calls for the federal government to collect a record $4,638,000,000,000 in taxes in fiscal 2023.
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