#us-fiscal-deficit

#us-fiscal-deficit

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.

The proposed rule establishes broad principles to guide the determination of whether state-level stablecoin regulatory regimes are 'substantially similar' to the federal framework, allowing smaller issuers to remain under state supervision.

We are not out of the woods. If we don't act now, we will have to do twice as much in the coming years, with the choices becoming more difficult, more expensive, and more painful.

The White House is seeking a 10 percent cut to nondefense spending, proposing a reduction of $73 billion from federal programs outside the military, targeting environmental initiatives.

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."

The US dollar returned to the upside as geopolitical fears rebounded after US President Trump's address to the nation. The rhetoric fuelled risk aversion and flows toward the dollar while oil prices surged.

Operation Epic Fury is racking up a staggering military bill. According to the Center for Strategic and International Studies, a DC think tank, the military campaign is costing approximately $891.4 million every single day. The first 100 hours of the conflict alone consumed $3.7 billion, CIS added in a report on the costs of the fighting, as reported by CNN.