Friday, May 23, 2025

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U.S. Government Runs Second-Largest Half-Year Deficit on Record

(Mike Maharrey, Money Metals News Service) The U.S. government ran the second-largest 6-month budget deficit in history through the first half of fiscal 2025. The March budget shortfall of $160.53 billion pushed the total deficit through the first half of the fiscal year to $1.31 trillion, according to the latest Treasury...

Planned Parenthood Spends Big for Democrats, Faces Cuts under GOP Control

(Casey Harper, The Center Square) Planned Parenthood's political donations to Republicans have plummeted in the past decade, leaving the nation’s largest abortion provider with few friends on the right as it faces funding cuts under the Trump administration. Planned Parenthood reports that about 34% of its funding comes from the federal government,...

‘Non-Negotiable’: Republican Budget Hawks Warn Johnson to Stand by Promises

(Thérèse Boudreaux, The Center Square) Following a nail-biter budget resolution vote in the House Thursday that unlocked the next steps in the budget reconciliation process, top Republican lawmakers are now faced with finding the promised spending cuts demanded by fiscal hawks. The passed budget resolution, initially proposed by the House...

Inflation Fell Last Month as Gas Prices Dropped Sharply amidst Looming Trade War

(Headline USA) U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats. Consumer prices rose just 2.4% in March from a year earlier, the Labor Department said Thursday,...

$5.8 Trillion Budget Resolution One Step Away from Adoption

(Thérèse Boudreaux, The Center Square) Republicans in the House narrowly cleared a procedural hurdle to tee up a final vote on the Senate's amended budget. The House passed the first version of the budget in February, which extended President Donald Trump's tax cuts for ten years, and then sent it...

Recession Warning? Consumer Borrowing Tanked in February

(Mike Maharrey, Money Metals News Service) There is growing evidence that Americans may be edging close to the credit limit. That’s bad news for an economy that has run on credit cards for the last few years and adds to worries that the U.S. could be barreling toward a recession. After...

The Dow-to-Gold Ratio: Is the Bubble About to Pop?

(Mike Maharrey, Money Metals News Service) Stocks have taken a beating over the last several days. The conventional wisdom is that the sell-off is due to worries about the impact of the Trump tariffs. The aggressive tariff regime certainly triggered the sudden and sharp downturn in the stock market, but...

2 States Poised to be First Since 1980 to Eliminate Income Tax

(Headline USA) About 45 years have passed since a U.S. state last eliminated its income tax on wages and salaries. But with recent actions in Mississippi and Kentucky, two states now are on a path to do so, if their economies keep growing. The push to zero out the income tax...

U.S. Senate Passes Budget Framework after Series of Overnight Votes

(Dan McCaleb, The Center Square) The U.S. Senate passed a budget framework early Saturday that would extend the Tax Cuts and Jobs Act from President Donald Trump's first term and raise the debt ceiling by up to $5 trillion. It also would increase spending for border security and national...

Moody’s Warns of Deteriorating U.S. Creditworthiness

(Mike Maharrey, Money Metals News Service) Would you loan money to Uncle Sam? That’s becoming a pertinent question as the U.S. government’s fiscal situation continues to deteriorate. The national debt surged over $36 trillion last fall, and despite some cutting by DOGE, there is no sign that the spending is going to...

Silver is Finally Breaking Out—Here’s What You Need to Know

(Jesse Colombo, Money Metals News Service) Yesterday was an exciting day for silver, which surged 2.52% to a 13-year high, finally breaking above the key $34–$35 resistance zone I’ve been watching for months. This is a level I’ve called "the line in the sand" to confirm a true breakout and...

Gold and Silver Coins Buried for Decades to Hide Them From Nazis Up for Auction

(Mike Maharrey, Money Metals News Service) I finally found something that can survive an association with Nazis. Gold and silver. A trove of around 15,000 rare gold and silver coins worth somewhere in the neighborhood of $100 million is about to go up for auction. About 10,000 coins were buried in a...
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