The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May. That brought the fiscal year-to-date deficit to $1.34 trillion, up 5% from a year ago. However, with calendar adjustment, the deficit actually edged lower by 1%. There are three months left in the current fiscal year, which ends Sept. 30. A 13% increase in receipts from the same month a year ago helped bridge the gap, with outlays down 7%. For the year, receipts are up 7% while spending has risen 6%. read more
Trump tariffs live updates: Former 1st world nation Canada struck with 35% tariffs, Trump floats higher blanket rates read more
The latest workforce data suggests that American workers have been the main beneficiaries in the labor market amid the Trump administration's crackdown on illegal immigration. The Labor Department's jobs report for the month of June showed that the number of foreign-born workers declined by 348,000 from May " while the number of foreign-born workers has declined by more than 543,000 jobs since January. By contrast, the number of U.S.-born workers increased by 830,000 from May to June, and is also over 2 million higher than when the second Trump administration began in January. read more
US labor market adds 147,000 jobs in June while unemployment falls to 4.1% read more
This new case was filed by the American Civil Liberties Union, ACLU of New Hampshire, ACLU of Maine, ACLU of Massachusetts, Legal Defense Fund, Asian Law Caucus, and Democracy Defenders Fund on behalf of a proposed class of babies subject to the executive order, and their parents. read more
"#11 | Posted by snoofy"
In Trump's first term (pre-covid) native born employment peaked at 131.7M, when Biden left office, the native born employment was 130.6M - 4 years after covid re-opening, and Biden managed to lose 1M+ native workers.
fred.stlouisfed.org
Trump comes in and 100% reverses this ---- trend and brings 2M native workers back into the workforce.
Yeah - this is a big deal. Also, he did this while having real wage growth being the highest in 60 years.
That is 2M native born workers being less reliant on government handouts and actually being productive for the economy vs. being a drag on the US economy.
"#21 | Posted by REDIAL"
Doing a real bang up job there ------- Canucks - keep your current government and get that food insecurity rate up to 50%! You have doubled it in the last 25 years, you can double it again!
"Food Insecurity (2023):
25.5% of the population (~10 million, ~4 million households) faced marginal, moderate, or severe food insecurity, up from 18.4% in 2021, reflecting rising costs outpacing income"
www150.statcan.gc.ca
In 2020, 1 in 4 children were living in poverty.
Single adults are more likely to live in poverty. 30.7% of single adult males in poverty, and 35.5% of single adult females living in poverty.
cwp-csp.ca
"Tariffs are a tax, Trump has enacted the largest tax hike in your lifetime
#51 | Posted by snoofy"
And how was this tax paid -------? Through higher prices? I have to ask as the rate of inflation shows that you are full of ----.