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Last months of 2008 called "worse financial crisis since the Great Depression"
[Article] Starting January, evidence of the United States' economic downfall could be seen in the harsh fall of the New York Stock Exchange. In September, the Lehman Brothers, one of the biggest investment banks in the U.S., filed for bankruptcy, being the largest bankruptcy in the history of the country. With countless other examples of companies going out of business, 2008 is well su -
National debt jumps $1.65 trillion in FY 2010
[Article] In Sept. 30, 2010, was the last day of the fiscal year and the fifty-third consecutive year in which the debt increased. That day, the national debt increased $1.65 trillion, bringing the total debt to $13.5 trillion dollars. This was the second largest increase our country has ever seen, the largest being in 2009 when it increased about 1.9 trillion. -
US Goods and Services Defecit Decreased
[Article] In 2015, the international trade deficit of the U.S. in Goods and Services decreased by about $2.2 billion. In October(2015), the international trade deficit was recorded at $44.6 billion. The following month is when the decrease was recorded at $42.2 billion. -
Congress Preserves US Leadership In Global Finance
[Article] Congressional leaders expose their new $1.1 trillion spending deal. The funds from the new deal will be split. The IMF will receive $300 million which will later double to around $600 million. The money will be available to help other countries in need such as Greece and Ukraine. -
Consumer savings at an all-time three year high
[Article] After recent news of a slow rise in income and flat spending, consumer spending in the United States has hit an all-time three year high. It is speculated that warmer winters and wetter days have help consumers off of spending money on winter clothes and vehicles. These signs could be showing sings for a stronger spending growth for 2016. -
National debt hits $19 trillion
[Article] The national debt hit $19 trillion for the first time in January. It took over a month for the debt to climb by an amount of $1 trillion. It took 14 months for the debt to raise from $17 trillion to $18 trillion. A couple years ago congress passed a legislation to increase the debt ceiling and borrowing stopped once the limit was hit.
