Treasury Secretary Scott Bessent: I’d Put My Money on the ‘United States of America’
Treasury Secretary Scott Bessent said he would put his money on the “United States of America” if he were still running a hedge fund.
budget surplus
Golden Age: Trump Tariffs Deliver Surprise Budget Surplus
The $27 billion surplus reported Friday by the Treasury Department stood in stark contrast to forecasts for a $50 billion deficit, representing one of the largest upside surprises in recent budget data.
Newsom Claims California Budget Surplus; Warns of Trump, DOGE Spending Cuts
California Gov. Gavin Newsom (D) claimed that the state would have a modest budget surplus next year — though he still planned to raid the “rainy day” emergency fund, and warned of President-elect Donald Trump’s spending cuts.
Taiwan Announces $200 Cash Payouts to All Citizens as ‘New Year Blessing’
Taiwanese Premier Su Tseng-chang announced on Wednesday that every citizen of the island nation will receive a cash gift of $6,000 Taiwanese dollars, or $195.61 in U.S. dollars, as a “New Year blessing.”
Florida’s Surplus Budget Allows DeSantis to Help Families with $450 Per Child to Fight Inflation
Republican Florida Gov. Ron DeSantis is overseeing a relief effort for some 60,000 families in the state hit hardest by rising inflation with a one-time payment of $450 per child.
Teachers Unions ‘Biggest Budget Winner’ in California’s Record-setting $98 Billion Surplus
Teachers unions are the “biggest budget winner” in California’s projected $98 billion budget surplus, the Wall Street Journal reports, seeing funding for public schools rise even as enrollment has plummeted thanks to closures during the pandemic.
California Budget Surplus ‘Explodes’ to $68 Billion, Enough for Two Ukraine Wars
California officials report that the state’s expected budget surplus has risen dramatically, and could reach $68 billion — more than twice the amount President Joe Biden requested from Congress on Thursday to fund weapons shipments to Ukraine.
