News
Gallup | Consumers Spending More, Just Not on Things They Want
Slightly less than half of all Americans (45%) report spending more than they did a year ago, while 18% report spending less. A closer look at these numbers reveals Americans' increased spending is on household essentials, such as groceries, gasoline, utilities, and healthcare, rather than on discretionary purchases.
WSJ | U.S. Budget Deficit Narrows in First Nine Months of Fiscal Year
The federal government's deficit from October through June totaled $366 billion, down 28% from the same period a year earlier, the U.S. Treasury Department said Friday. The federal fiscal year began Oct. 1.
Econ Comments & Analysis
Daily Signal | Why Is Congress Again Using a Budget Process that Will Protect Ineffective Programs?
Last week, Senate Appropriations Chair Barbara A. Mikulski, D-Md., signaled her chamber already has begun to lay the groundwork for an omnibus budget bill in September, CQ Roll Call reports. Instead of debating on their own merits each of the 12 spending bills that fund government agencies and programs, Congress would bundle all of them into one massive package and rush it through the voting process at the 11th hour.
