House passes government funding and debt limit increase destined to hit Senate filibuster
The House passed a stopgap government funding bill paired with an increase in the federal borrowing limit that will likely face a GOP filibuster in the Senate.
U.S. Current Account Deficit Widens to 14-Year High in Second Quarter
The U.S. current account deficit increased to a 14-year high in the second quarter as businesses boosted imports to replenish depleted inventories amid robust consumer spending.
$3,586,456,000,000: Federal Tax Collections Set Record Through August
The federal government collected a record $3,586,456,000,000 in total taxes through first eleven months of fiscal 2021 (September through August), according to the Monthly Treasury Statement.
US Trade Deficit Hits All-Time Record
The United States trade deficit has increased by a record amount, as data released by the Department of Commerce on Thursday showed.
Federal Taxes and Spending Set Records Through June
The federal government set new records for taxing and spending through the first nine months of fiscal 2021 (October through June), according to the Monthly Treasury Statement.
CBO projects US deficit will soar to $3 trillion this year
The Congressional Budget Office is projecting that the United States’s deficit will balloon to $3 trillion in 2021.
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