the staff of the Ridgewood blog
The U.S. debt and deficit crisis escalated during President Donald Trump’s first month in office, with the budget deficit surpassing $1 trillion before the fiscal year even hit the halfway mark. Despite a slight slowdown in government spending, revenues remain far behind expenditures, according to a Treasury Department report released Wednesday.
Continue reading U.S. Debt Crisis Deepens: What It Means for the Economy