Trump Spending Pushes the Deficit to Its Highest Level Since COVID - SchiffGold.com
Trump Spending Pushes the Deficit to Its Highest Level Since COVID - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The deficit hit $1.4 trillion through June — 3% worse than last year, full-year tracking to $1.9 trillion — while the Fed just raised rates into a supply shock and Treasury yields spiked 24% in twelve months. The administration that promised fiscal discipline is now presiding over the highest peacetime deficit outside a pandemic, funded at the highest borrowing cost in fifteen years.