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inflation

12/13/2024 / By Ramon Tomey

Milei’s miracle: Argentina achieves historic BUDGET SURPLUS after 123 years of DEFICITS

Argentina achieved its first budget surplus in 123 years, marking a significant milestone for the country’s fiscal health. Argentine President Javier Milei led bold reforms, including deep budget cuts in public administration, healthcare and education, and measures to curb corruption and hyperinflation. Within a year, Milei reduced the national budget deficit to zero and cut […]

12/13/2024 / By Willow Tohi

Unsustainable: Yellen resigns, leaving behind over $36 TRILLION in debt — the highest in U.S. history

– The federal deficit has reached unsustainable levels, with the U.S. national debt surpassing $36 trillion, largely due to reckless fiscal policies under the Biden administration. – Treasury Secretary Janet Yellen acknowledged concerns over the lack of progress in reducing the deficit, admitting that the deficit needs to be brought down amid rising interest rates. […]

12/12/2024 / By Willow Tohi

Shocking fiscal irresponsibility: Biden administration presides over worst deficit in U.S. history

– Record-Breaking Budget Deficit: In the first two months of fiscal 2025, the U.S. government recorded a $624.21 billion budget deficit, marking the worst start to a fiscal year on record, with November alone seeing a $367 billion deficit. – Surge in Government Spending: A 14% increase in government spending, particularly in health care, defense, […]

12/11/2024 / By Arsenio Toledo

Wendy’s announces closure of 140 restaurants nationwide

Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]

12/10/2024 / By News Editors

Why Trump must end capital gains tax on Bitcoin

In a world where digital assets are quickly becoming a cornerstone of global finance, the United States stands at a crossroads. The Trump administration has repeatedly emphasized its dedication to making everyday Americans more prosperous. From pledging to restore economic strength on the campaign trail to appointing forward-thinking advisors, the White House seems poised to […]

12/09/2024 / By Ethan Huff

China responds to Trump threat of 100% tariffs on goods from BRICS countries by expanding relationship with its dollar-busting allies

The economic relationship between Russia and China is strengthening after President-elect Donald Trump threatened Beijing with “100% tariffs” should the communist state join the other BRICS nations in developing a trading alternative to the U.S. dollar. Chinese Foreign Ministry Spokesman Lin Jian responded to Trump’s threat this week by indicating that China plans to work […]

12/06/2024 / By Ethan Huff

HALF of all U.S. states going BANKRUPT, financial report finds

The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not