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US Budget Deficit Running 11.8% Higher This Year

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years. In its monthly budget report, the Treasury Department ...
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Why Your Paycheck Isn’t Keeping Pace With Inflation

The Republican Party trumpeted the $1,000 bonuses that some of America's largest companies said they were giving rank-and-file employees following the passage of the GOP tax cuts. The party's public relations effort made for good headlines. But the reality ...
Photo of President Donald Trump talking about taxes.

With Deficit Ballooning, Trump Wants More Tax Cuts

The Congressional Budget Office and other nonpartisan analyses project that President Donald Trump's tax cuts passed in December will add more than $1 trillion to the deficit over the next decade. For those ...

The Fed Ignores Inflation at Its Peril

Opinion by Desmond Lachman InsideSources.com It is often said that policymakers who forget history are bound to repeat it. One wonders whether the same might be said of the Federal Reserve in its seeming current disregard of the lessons from...