Wednesday, November 12, 2025

FINANCE

Treasury Dept. Inspector General Begins Audit of Musk’s Payroll Access

(Headline USA) The Treasury Department's Office of Inspector General on Friday said it was launching an audit of the security controls for the federal government's payment system, after Democratic senators whined about the access provided to Trump aide Elon Musk's Department of Government Efficiency team. The audit will also review the...

House Passes $4.5B Budget ‘Blueprint’ for America First Agenda, but Senate May Resist

(Thérèse Boudreaux, The Center Square) Following more than 10 hours of discussion, the House Budget Committee voted along party lines Thursday night to advance a $4.5 trillion budget resolution that lays out funding plans for President Donald Trump’s border, defense, and energy policies. It also extends Trump’s 2017 tax cut...

Pritzker Flops in Sad Attempt to Downplay Trump’s Surging Approval Rating

(Kevin Bessler, The Center Square) Illinois's far-left billionaire Gov. J.B. Pritzker attempted to put down President Donald Trump by noting that his popularity, now reaching new heights for his presidency, had yet to take root in his state. “You can look at one poll and say ‘oh gee, he’s popular...

Survey: 7 in 10 Say U.S. Gov’t Spends Too Much on Foreign Aid

(Headline USA) A series of polls by the Associated Press--NORC Center for Public Affairs Research gave a new boost to President Donald Trump, with some 70% getting behind his "America First" agenda. Many U.S. adults said the federal government had been overspending—but polling also showed that many Americans, including Republicans,...

How the U.S. Treasury Can Cash In Big Using Its Gold Revaluation Account

(Jan Nieuwenhuijs, Money Metals News Service) The U.S. Treasury can draw up to $700 billion in new funding from its gold revaluation account at the Federal Reserve. And the Treasury could invest this “new money” in a sovereign wealth fund (increasing the money supply by an equal amount). Using its...

Feds Run Record Budget Deficit Through First Four Months of Fiscal 2025

(Mike Maharrey, Money Metals News Service) DOGE has got its work cut out for it. Even as the new Department of Government Efficiency ferrets out wasteful spending, the constant budget deficits serve as a sobering reminder of just how much the federal government overspends month after month. The January budget...

Industry and Tech Demand for Gold Charted Healthy Increase in 2024

(Mike Maharrey, Money Metals News Service) Fundamentally, gold is money, but it is also an extremely useful metal, especially in tech applications. Demand for gold in industry and tech was up 7 percent in 2024, driven by growth in the electronics and computing sectors. Industry and technology used 326 tons of...

Judge Rules That Labor Unions Lack Standing to Block Trump’s Swamp-Draining Efforts

(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program. U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...

Booming Breakfast Biz Exacerbates Egg-Supply Issues Caused by Biden Bird Flu

(Headline USA) It's a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the...

Trump’s Trade of Munitions for Mining Rights Would Hasten Bretton Woods III

(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...

South Korea Mint Pauses Gold Bar Sales as Supply Squeeze Intensifies

(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets. As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...

The Growing Risk of Stagflation Bodes Well for Gold & Silver

(Jesse Colombo, Money Metals News Service) U.S. inflation expectations have surged over the past few months, and this has been a bullish driver for gold and silver. Yesterday, the U.S. Consumer Price Index came in hotter than expected, reinforcing those inflation concerns and raising the specter of stagflation as economic growth...
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