Economic News

  • Thread starter Thread starter nycfan
  • Start date Start date
  • Replies: 3K
  • Views: 157K
  • Politics 


Here are some key takeaways from a Wall Street Journal summary (link below) of the US budget for the fiscal year that ended September 30th:
Tariff revenues more than doubled to $195 billion, a significant jump considering rate hikes only took effect in April.
Interest payments on the national debt surged by $80 billion to reach a new record of $1 trillion.
At $1.8 trillion, the overall deficit remained largely unchanged from the previous year.
The fiscal year's deficit equaled 6% of GDP, pushing the total national debt closer to its post-World War II peak of 106%.
 
Consumer sentiment has inched down again and they are more anxious heading into the holiday season. Sentiment is down 22% from this time last year.

I imagine retailers are becoming more anxious as well.
 
BillOfRights said:


Here are some key takeaways from a Wall Street Journal summary (link below) of the US budget for the fiscal year that ended September 30th:
Tariff revenues more than doubled to $195 billion, a significant jump considering rate hikes only took effect in April.
Interest payments on the national debt surged by $80 billion to reach a new record of $1 trillion.
At $1.8 trillion, the overall deficit remained largely unchanged from the previous year.
The fiscal year's deficit equaled 6% of GDP, pushing the total national debt closer to its post-World War II peak of 106%.
Click to expand...

But at least billionaires get tax cuts and we've got troops in the streets.

Happy So Excited GIF
 
nycfan said:
Yeah, there was a fire at a Dow chemical plant in Texas last night



Last week:




Might just be shark attack syndrome but hopefully law enforcement authorities are taking note just in case …
Click to expand...

Bumping in light of the Ammo plant explosion.

Another unexplained industrial accident in a strategically important industry.

Thank God 50% of the FIB is chasing their tail doing immigration enforcement and the the half are prosecuting James Comey and Leticia James.
 
Wasn’t sure where to put this.

Florida faces $340 million SNAP bill as work requirements expand, payment errors remain high under new federal law.​

www.cbsnews.com

Florida faces $340 million SNAP bill as work requirements expand, payment errors remain high under new federal law

As an increasing number of Florida food-stamp recipients will have to meet work requirements to remain eligible, the state faces a potential hefty bill from the federal government for the program.
www.cbsnews.com www.cbsnews.com

😐

Meanwhile, 181,217 Floridians receiving federal food stamps were moved under work-requirement rules with the "One Big Beautiful Bill Act."

Royster said the number is up from 16,452 in 2023.

"This is an estimate based on the guidance the department has received from our federal partners," Royster said. "And this number could change based upon further clarification as requirements are applied."

Requirements for SNAP eligibility have changed recently​

In 2024, Florida lawmakers expanded the ages for able-bodied adults without children or other qualifiers to meet work requirements for SNAP benefits if they were between the ages of 18 and 59. The age range had been 18 to 54.

The law signed by Trump on July 1, increased the upper age to 64 and removed exemptions from the work requirement for homeless people, veterans and former foster youths under age 24.

Another 9,753 people in Florida from other countries who are listed as asylees, refugees, victims of trafficking and parolees were also made ineligible for SNAP under the federal law, according to department data.
 
Ddseddse said:
Bumping in light of the Ammo plant explosion.

Another unexplained industrial accident in a strategically important industry.

Thank God 50% of the FIB is chasing their tail doing immigration enforcement and the the half are prosecuting James Comey and Leticia James.
Click to expand...

“… Spread across 1,300 acres in a rural, wooded area, the site consists of five production buildings and a quality lab, according to a company profile from the nongovernmental Association of the United States Army, which lists AES as a sponsor.

…
Safety concerns have previously been raised at the plant, which faced federal fines several years ago related to workplace safety practices, according to federal records.

The Occupational Safety and Health Administration fined the company $7,200 after a 2019 inspection found violations related to personal protective equipment, employee exposure to contaminants and inadequate safety training, among other citations. The company contested the findings and eventually reached a formal settlement, OSHA records show.

The company has reported 46 work-related injuries and no deaths since 2016, the earliest year on record. In 2024, the most recent year for which data is available, the company reported five injuries and one illness.…”

 
You must log in or register to reply here.
Back
Top