Hi, everyone. For this Wednesday, we’re taking a closer look at the Federal debt to see how it could be impacting your financial status. We hear from the Treasury Secretary about a potential trade agreement between the U.S. and China. Purdue University has put out a monthly report that shows the troubling results of a survey that indicates farmers are dismayed with the current state of their industry. And in our local news, Montgomery County Maryland is halting development in parts of Bethesda and Silver Spring. And a troubling statistic shows that more than half of Americans are paying for their summer childcare with credit cards.
It’s not just you. Uncle Sam has a hard time minding his own B, too. In late June, the Congressional Budget Office (the agency that gives Congress budget and economic info) released a report saying the annual US budget deficit and growing federal debt could be headed toward ‘oh sh*t’ status.
Treasury Secretary Steven Mnuchin told CNBC on Wednesday the U.S. and China were close to a trade deal, and he’s optimistic that progress can be made during weekend talks between President Donald Trump and China’s Xi Jinping.
Purdue University puts out a monthly report called the Ag Economy Barometer, a series of surveys aimed at measuring the state of the American agriculture industry—and, more specifically, how farmers are feeling about the industry. They are currently…not feeling good.
When school is out of session, busy American families are incurring thousands of dollars in childcare expenses.