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News & Articles By Cassie B.
01/16/2024
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By Cassie B.
Month-over-month U.S. budget deficit rose by 50% in December as financial collapse looms
The U.S. treasury has reported budget deficit information for December, and the situation is so dire that some experts believe a fiscal collapse is inevitable. As the government continues to spend an eye-watering amount of money, it should come as no surprise that total outlays were $559 billion last month, while just $429 billion was […]
01/12/2024
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By Cassie B.
Hundreds of German farmers set up disruptive road blockades to protest punitive taxes
Farmers in Germany have taken to the streets in sub-zero temperatures, blockading roads with farm equipment and trucks as they protest subsidy cuts. Reports from Berlin indicate that more than 500 trucks and tractors have been parked by the city’s Brandenburg Gate, while blockades have also been set up in Bavaria, Saxony, North Rhine-Westphalia and […]
12/22/2023
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By Cassie B.
Skyrocketing global debt setting the stage for a cataclysmic financial crisis
The world has racked up record levels of debt, and concerns are growing about the global economy’s ability to continue in the face of high interest rates. Easy money policies in recent years that provided incentives for borrowing money in hopes of stimulating the economy led to record levels of borrowing. While this may have […]
12/14/2023
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By Cassie B.
Senator J.D. Vance walks out of meeting with Zelensky and calls his pleas for more U.S. aid “utterly disgraceful”
Senator J.D. Vance (R-Ohio) has been very vocal about his opposition to the U.S. providing financial support to Ukraine as it attempts to defend itself against Russia, and he reached his breaking point this week when he walked out of a meeting with Ukrainian President Volodymyr Zelensky. While Vance drew some criticism for leaving the […]
11/15/2023
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By Cassie B.
Moody’s downgrades U.S. credit outlook from “stable” to “negative” amid political drama
Moody’s downgraded its outlook on the U.S. credit rating from “stable” to “negative” on Friday, Nov. 10, in response to sizable fiscal deficits and a drop in debt affordability. The move highlights America’s increasingly dire fiscal standing. Moody’s kept the U.S. at its highest rating of AAA, which means it was not a full downgrade. […]
11/10/2023
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By Cassie B.
Annual interest on U.S. debt soars past $1 trillion for the first time in history
Interest on U.S. debt has soared past $1 trillion for the first time in history, according to calculations from the Treasury. The estimation is calculated using data on the government’s monthly outstanding debt balance and average interest. The projected amount has doubled during the past 19 months. This shocking figure comes as interest costs for […]
09/21/2023
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By Cassie B.
Why are American hospitals treating wounded Ukrainian soldiers?
Ukrainian President Volodymyr Zelensky made headlines earlier this week when he visited Ukrainian soldiers in a hospital to thank them for their service and dole out commendations. But there is one aspect of the story that is raising a lot of eyebrows: the hospital where the soldiers are being treated is in New York. Zelensky, […]
08/11/2023
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By Cassie B.
Americans’ credit card debt reaches a record-setting $1 trillion in the face of inflation and rising expenses
The New York Federal Reserve has reported that aggregate credit card balances climbed during the second quarter of this year and exceeded $1 trillion for the first time on record as Americans are increasingly relying on credit cards to cover their expenses. In the period from April through June, total credit card and indebtedness climbed […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
06/13/2023
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By Cassie B.
U.S. announces a further $2.1 billion in military assistance for Ukraine, bringing overall total to $40 billion
The Pentagon has announced that it will be sending a further $2.1 billion in aid to help Ukraine defend itself as fighting rages on. The new package is largely aimed at helping Ukraine bolster its air defenses and ammunition stockpiles as it ramps up a counteroffensive against Russia. Ukraine is expected to face a significant […]
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