2016 tax receipts soon will reach record high

Eyeglasses with newspaper and coffee cup

The federal government will have raked in almost $3.3 trillion in revenue after fiscal 2016 tax receipts reach a new high, according to the Congressional Budget Office. The Washington Examiner has the details: The feds raked in more than $3.268 trillion for the year, the agency reported in its monthly budget review, $19 billion more…

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Federal deficit up 25 percent over last year

Our federal deficit is growing, this year spiking to nearly $590 billion – up 25 percent over last year – according to the latest Congressional Budget Office estimate. The Washington Examiner has the details: The federal deficit for fiscal 2016 jumped to $588 billion, $149 billion bigger than last year’s, the Congressional Budget Office estimated…

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Underemployment number unchanged after eight months

The Bureau of Labor Statistics Friday revealed underemploment has remained the same since February and that the number is virtually unchanged from last year. The Washington Examiner has the details: The U-6 unemployment rate, which measures underemployment by looking at workers who have been forced into part-time work or who are only sporadically looking for…

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