According to the CBO's monthly budget review for November 2014, the federal budget deficit was $181 billion for the first two months of the new fiscal year, which is $45 billion less than the same period in FY 2014. However, don't judge the bookkeeping by the numbers.
The Congressional Budget Office (CBO) on Friday released the monthly budget review for November 2014, the second month of the federal government's FY 2015. According to the report, the federal budget deficit was $181 billion for the first two months of the new fiscal year, which is $45 billion less than the deficit for the same period in FY 2014. However, don't judge the bookkeeping by the numbers as the deficit actually rose in November over the same month a year ago. The...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...