This post was originally published on this site.It will be another weekend of pain at the fuel pumps. WTI crude oil is finishing the week at the highest since September 21 and back over $100 per barrel. WTI last trade up $3.33 to $101.30. Brent crude also touched $110 for the first time since May. The strong rally to $101 from $98 in the final hours of trading today suggsets lingering worries about US attacks on Iran, particularly after all the news floated this week about the US military preparing MOAB attacks. Trump himself didn’t push back against the reports...
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This post was originally published on this site. September 2025 was a $198B surplus Outlays $585B vs $346B a year ago Receipts $558B vs $544B a year ago FY2026 deficit $1.992 trillion vs $1.775T in FY2025, the largest in five years FY2026 gross interest on the debt: record $1.36T, up $144B (12%) Interest is now the main driver of the deficit. The $144B rise in interest costs accounts for about two-thirds of the $217B increase in the full-year shortfall. Treasury will keep rolling debt at higher rates while the Fed is debating hikes rather than cuts, so that line has...
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