Difference between revenues and spending
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Trudie Mason is with Andrew Caddell, columnist for the Hill Times and President of the Task Force on Linguistic Policy, and Paul Gott, lead singer of the Ripcordz and journalism professor at Concordia. PQ Leader Paul St-Pierre Plamondon pledged to delay any Quebec independence referendum until Donald Trump leaves the White House. Quebec and Newfoundland signed a seventy billion dollar deal reshaping Churchill Falls power rates and funding future hydro projects. The Auditor General warned that Quebec faces massive spending cuts to meet its goal of a balanced budget by 2030. Mayor Soraya Martinez Ferrada called for the revival of the REM de l’Est transit line to balance service with the West Island. A media investigation criticized the ongoing RCMP security costs for former Prime Minister Justin Trudeau during his international travels.
Economic concerns are shaping the political landscape ahead of the midterm elections. A new Pew Research Center poll shows voters remain closely divided over which party they trust more on economic policy, while cost of living, the broader economy and taxes remain key priorities. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
BUSINESS: Budget deficit widens but stays below target | July 24, 2026Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion Subscribe to our Digital Edition - https://tmt.ph/digital Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcherTune In: https://tmt.ph/tunein#TheManilaTimes#KeepUpWithTheTimes Hosted on Acast. See acast.com/privacy for more information.
Learn about the latest in local public affairs in about the time it takes for a coffee break! Brian Callanan of Seattle Channel and David Kroman of the Seattle Times discuss the impact of higher police hiring costs on Seattle's supplemental budget, a debate within City Hall over a change to the Families, Education, Preschool and Promise levy, a final vote on the transit measure Seattle voters will face this November, a court decision over a Seattle nude beach that has both sides claiming victory, and City Hall's new interest in Jimothy the raccoon. If you like this podcast, please support it on Patreon!
Washington's rent control law is facing one of its biggest legal tests yet as manufactured housing owners challenge the constitutionality of the state's rent cap in Spokane County Superior Court. Plaintiffs argue the law unfairly imposes a stricter 5% annual cap on manufactured housing communities than other rental properties, discouraging investment and worsening Washington's housing shortage. Supporters of the law maintain the rent caps protect tenants from excessive rent increases and housing instability. Also in today's episode, Seattle City Councilmember Bob Kettle is calling for significant budget reforms as the city prepares for a projected $175 million budget deficit in 2027. Kettle argues Seattle should reevaluate spending priorities, streamline government and focus on long-term fiscal sustainability rather than continuing to expand programs. Watch Washington in Focus Daily for in-depth reporting on Washington housing, local government, taxes, budgets and public policy. Washington In Focus Daily, 07.22.26 #WashingtonPolitics #RentControl #HousingPolicy #Seattle #Budget #WashingtonNews #TaxpayerAccountability #TheCenterSquare #WashingtonInFocus Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Episode 100 — How to Face the Inevitable Budget DeficitA third of nonprofits saw federal funding decline last year, and nearly three in ten saw cuts in state and local support. If your organization is behind goal, you are not the exception. In this milestone hundredth episode, Kim shares three deficits from her own fifteen years leading a nonprofit, one inherited, one funder-driven, one government-driven, and the three-step framework she uses to size up a shortfall before ever touching a strategy. She walks through the exact playbook that carried her through every one of them, and what it took to go from a $500,000 gap to closing an $11.5 million capital campaign.
Today, Hunter was joined by Damon Silver Chief Defender of the Santa Clara County Public Defender. Home to Silicon Valley, Santa Clara County is struggling with a large budget deficit due to federal budget cuts. As such, the Public Defender Office has lost full time positions and is facing a severe workload crisis. Guest: Damon Silver, Chief Public Defender, Santa Clara County, California Resource: Read More Here https://sanjosespotlight.com/santa-clara-county-public-defenders-crushed-by-caseloads/ https://www.sfgate.com/news/bayarea/article/san-jose-spotlight-santa-clara-county-public-22236000.php Contact Hunter Parnell: Publicdefenseless@gmail.com Instagram @PublicDefenselessPodcast Twitter @PDefenselessPod www.publicdefenseless.com Subscribe to the Patreon www.patreon.com/PublicDefenselessPodcast Donate on PayPal https://www.paypal.com/donate/?hosted_button_id=5KW7WMJWEXTAJ Donate on Stripe https://donate.stripe.com/7sI01tb2v3dwaM8cMN Trying to find a specific part of an episode? Use this link to search transcripts of every episode of the show! https://app.reduct.video/o/eca54fbf9f/p/d543070e6a/share/c34e85194394723d4131/home **** ALL OPINONS SHARED BY HOST HUNTER PARNELL DO NOT REFLECT THE THOUGHTS OR OPINIONS OF THE AURORA MUNICIPAL PUBLIC DEFENDER****
6pm - GUEST - LEAH COURAGE - REALTOR AND CONSULTANT AT THE COURAGE GROUP - COURAGEREALTY.COM // Washington State is Changing RAPIDLY. Why business is saying “Bye” // Is a “Second Home” Tax coming to Washington? // Seattle Mayor Katie Wilson’s budget deficit nears half-billion dollars, raising threat of taxes and layoffs // TikTok creator's crowdfunding campaign to buy Spirit Airlines racks up more than $335M in pledges
After Chicago Public Schools announced a more than $730 million budget deficit, Chicago Board of Education members are calling on Illinois lawmakers to increase CPS funding.
After Chicago Public Schools announced a more than $730 million budget deficit, Chicago Board of Education members are calling on Illinois lawmakers to increase CPS funding.
After Chicago Public Schools announced a more than $730 million budget deficit, Chicago Board of Education members are calling on Illinois lawmakers to increase CPS funding.
Common Councilmember Mitch Nowakowski reacts to the state comptroller's report on Buffalo's budget deficit full 172 Fri, 08 May 2026 16:47:08 +0000 V0I9lnzQtHYk4hgMrIXXKmFTY7HIjjqa news & politics,news WBEN Extras news & politics,news Common Councilmember Mitch Nowakowski reacts to the state comptroller's report on Buffalo's budget deficit Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False
9. The Official Russian Economic Recession and Fiscal Deficits Guest: Michael Bernstam Summary: Russia has officially entered a recession as "military Keynesianism" exhausts its economic potential. Budget deficits soar while military equipment shortages force the Victory Parade to proceed without its traditional display of tanks and planes. 91865
Jack Mintz, well-known economist and president's fellow at the University of Calgary's School of Public Policy, says that while the federal government's updated deficit may be “better than expected,” Canada is still running large, persistent deficits with a rising debt-to-GDP ratio and no credible path back to balance. He argues the bigger issue is the absence of clear fiscal anchors, warning the country risks drifting back toward the fiscal patterns of the 1970s and '80s if spending isn't constrained. On the new sovereign wealth fund, Mintz highlights key differences from international models, suggesting it more closely resembles a government-directed investment vehicle—with the risk of becoming a politicized “slush fund.” The Hub is Canada's fastest-growing independent digital news outlet.Subscribe to our YouTube channel to get our latest videos: https://www.youtube.com/@TheHubCanadaSubscribe to The Hub's podcast feed to get our best content when you are on the go:https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Want more Hub? Get a FREE 3-month trial membership on us: https://thehub.ca/free-trial/Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS:Falice Chin - Host, Producer, and Editor Hosted on Acast. See acast.com/privacy for more information.
For the latest our Pollitical Correspondemt, Mícheál Lehane.
14. Michael Bernstam details Russia's exhausted budget deficit and declining oil production caused by sanctions and technological backwardness. He highlights Viktor Orbán's electoral defeat as a major democratic victory for the EU.1700
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Chief Richard Edwards' career has been defined by resilience, sacrifice, and an unwavering commitment to his people. From navigating municipal bankruptcy in Stockton — where firefighters worked longer hours for up to 25% less pay — to operating through significant budget deficits and losing nearly a quarter of staffing overnight, his leadership was forged in crisis. In this episode of The Chief Exchange, Chief Edwards shares why culture matters more than money, why you don't walk away when things get hard, and how passion and commitment to your team can carry an organization through its darkest seasons. He discusses the 180-day turnaround plan he implemented — focused on finances, dispatch, and communications — and why leadership ultimately comes down to relationships. He also reflects on deeply personal lessons: the importance of throwing your name in the hat even when you don't feel ready, the cost of always taking the extra shift, and the realization that time with your family is something you can never get back. This conversation is a powerful reminder that leadership is about stability, sacrifice, and cherishing what truly matters.
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.Support LAist Today: https://LAist.com/join
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.
Los Angeles Unified School District could face an open-ended strike if multiple labor deals are not made by April 14. The potential strike comes at a time when the district faces significant challenges, including a budget deficit and a superintendent under FBI investigation. LAist K-12 Education Senior Reporter Mariana Dale breaks down how we got here and the consequences for the district's 400,000 students, their families, teachers, and staff. Read Mariana’s full report at LAist.com. Grow your business–no matter what stage you’re in. Sign up for a one-dollar-per-month trial period at SHOPIFY.COM/paradise Support for this podcast is made possible by Gordon and Dona Crawford, who believe that quality journalism makes Los Angeles a better place to live.
Ken Kruly of Politics and Other Stuff on the control board's role in addressing Buffalo's budget deficit full 196 Wed, 25 Mar 2026 07:43:00 +0000 COAiRkXYQpUNXs7AAaewIgRD5ybc8fbk news & politics,news WBEN Extras news & politics,news Ken Kruly of Politics and Other Stuff on the control board's role in addressing Buffalo's budget deficit Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False
WBEN's Tom Puckett on what Buffalo's control board can do to address the city's budget deficit full 61 Wed, 25 Mar 2026 07:26:00 +0000 yddgb0reZz8f0UKNKF8UbRPLlTgyHsFt news & politics,news WBEN Extras news & politics,news WBEN's Tom Puckett on what Buffalo's control board can do to address the city's budget deficit Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False
Buffalo Control Board member Fred Floss on the mayor's loan request to address budget deficit full 268 Wed, 25 Mar 2026 07:56:00 +0000 dobV6B4rtT463t5XaaBbjwCHiUdzQJxL news & politics,news WBEN Extras news & politics,news Buffalo Control Board member Fred Floss on the mayor's loan request to address budget deficit Archive of various reports and news events 2024 © 2021 Audacy, Inc. News & Politics News False
With two weeks left in the regular legislative session, Kansas lawmakers have little time to fulfill their campaign promises of property tax relief. Meanwhile, they're also facing significant deficits and are struggling to cut spending enough to balance the budget.
With two weeks left in the regular legislative session, Kansas lawmakers have little time to fulfill their campaign promises of property tax relief. Meanwhile, they're also facing significant deficits and are struggling to cut spending enough to balance the budget.
Guest: Michael Bernstam. Bernstam details Russia's faltering war economy, citing declining oil production, a shrinking civilian sector, and reliance on gold sales to offset budget deficits.
James Solomon, mayor of Jersey City, talks about the major budget deficit of about $250 million dollars he is facing, which he blames the former mayor, Steve Fulop for, and other Jersey City news.new)
New York City is facing a $12 billion budget deficit and the decisions made now will shape public safety, services, and quality of life for years to come. On this episode of Finest Unfiltered, we break down how NYC got here, what a deficit of this size actually means, and why public safety units like the NYPD's Strategic Response Group (SRG) are now being dragged into the political crosshairs. We cover: What a $12 billion deficit means in real terms. Where NYC spending has increased and where cuts are being proposed. Zohran Mamdani's statement that he would disband the NYPD's SRG. Why eliminating specialized public-order units during a fiscal crisis carries serious consequences. The difference between political slogans and operational reality.️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! https://streamyard.com/pal/d/5689366474915840 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
This week, Mayor Zohran Mamdani told New Yorkers the city is facing a staggering $12 billion budget deficit, a shortfall he says he inherited from former Mayor Eric Adams. The news has sparked sharp reactions across the political spectrum — including from some budget mavens who say the city's financial situation isn't a precarious as the mayor claims. NY1 investigative reporter Courtney Gross and political reporters Bobby Cuza and Ayana Harry break down what the deficit could mean for the new mayor's key campaign promises. Then, a federal judge appointed a new leader for Rikers Island. What does this latest move mean for the troubled jails complex and its future? The "Off Topic" team digs into yet another chapter in the long-running saga of a very problematic island.
Michael Bernstam reports that the Russian government is effectively replacing lost oil revenue with income from gold sales to cover its budget deficits. After accumulating significant reserves in its sovereign wealth fund, Russia is now selling hundreds of metric tons of gold at high prices, allowing the state to earn as much from actual gold as it previously did from "black gold" (oil) despite the ongoing war and economic shifts.
Transportation funding in Massachusetts continues to be a tough conversation among state leaders and lawmakers. The MBTA has a projected fiscal shortfall of nearly $900 million by fiscal year 2029 due to expenses rising faster than revenue. Governor Maura Healey proposed using proceeds from the state’s new millionaires' tax ($687 million) to fund the T, but by the time the FY2026 state budget was passed, the amount was down to $470 million. Dan spoke with Brian Kane, Executive Director of the MBTA Advisory Board, about the T’s budget woes. See omnystudio.com/listener for privacy information.
First, we give you a peek into San Diego Mayor Todd Gloria's State of the City address. Then, Rady Children's Hospital is challenging a vote by its frontline workers to unionize. Next, the controversy surrounding the San Diego Rodeo happening this weekend. Also, we tell you what ban might come after the latest ban on plastic bags. As well as, an opera designed for kids and other weekend event ideas.
In the 7 AM hour, Larry O’Connor and Cassie Smedile discussed: JOHN MYRICK INTERVIEW: Republican candidate discusses rising property assessments for Marylanders, Governor Moore's no-tax-raise stance amid budget deficit, and skyrocketing electricity bills. MARYLAND PRIORITIES: Governor Wes Moore outlines investments in public safety, education, and housing without raising taxes. RUBIO RESPONSE: Secretary of State Marco Rubio torches EU critics over U.S. actions in Venezuela, highlighting hypocrisy on international law. Where to find more about WMAL's morning show: Follow Podcasts on Apple Podcasts, Audible and Spotify Follow WMAL's "O'Connor and Company" on X: @WMALDC, @LarryOConnor, @JGunlock, @PatricePinkfile, and @HeatherHunterDC Facebook: WMALDC and Larry O'Connor Instagram: WMALDC Website: WMAL.com/OConnor-Company Episode: Tuesday, January 13, 2026 / 7 AM HourSee omnystudio.com/listener for privacy information.
Reporters and a former colleague remember longtime North State politician Doug LaMalfa. Also, the Legislative Analyst's Office weighs in on Gov. Newsom's proposed budget. And, we'll meet an up-and-coming visual artist with a new show in Sacramento.
Maroon reporter Aubrey Barb has an update on the latest news, as students return from winter break. The Organization of Black Students held a vigil for Keith Butler, a cook who worked at Bartlett Dining Commons. Businessman Thomas Pritzker and New York Times columnist David Brooks appear in new photographs released by the Epstein estate. Also, university administrators remain cautiously optimistic about future reductions to the budget deficit. Featuring and edited by: Aubrey Barb
Washington State Representative Chipalo Street is entering the upcoming 2026 legislative session with an ambitious agenda that includes fixing structural problems in juvenile rehabilitation, reforming the state's regressive tax system, and protecting residents from federal overreach. As always, a full text transcript of the show is available at officialhacksandwonks.com. Follow us on Bluesky at @HacksAndWonks. Find the host, Crystal Fincher, on Bluesky at @finchfrii and find Representative Chipalo Street at housedemocrats.wa.gov/street/.
First, we tell you the factors that led to the city entering into 2026 with a budget deficit. Then, a KPBS analysis found a big change and shift between Imperial County's last two elections. Also, San Diego is one of three cities bidding to host the 2029 Invictus Games. Lastly, we speak to KPBS reporter & anchor John Carroll for this week's Pod Behind the Package.
Russia's Financial Desperation: Failed Bond Issues and Discounted Oil — Michael Bernstam — Bernstamdocuments Russia's systematic struggle to finance its expanding budget deficit and war costs through issuance of "Panda bonds" denominated in Chinese renminbi, efforts that have largely failed as Chinese investors regard Russian sovereign debt as excessively risky. Bernstam documents that Russia's oil revenue is severely constrained by Western sanctions enforcement, forcing Moscow to sell crude petroleum at approximately $40 per barrel compared to global market prices exceeding $60, while the European Union remains gridlocked regarding authorization to utilize frozen Russian assets for Ukrainian defense funding. 1906 NORTHSIDE PEKING
PREVIEW — Michael Bernstam (Hoover Institution) — Russia's Deepening Revenue Crisis. Bernstam explains that Russia is systematically failing to close its widening budget deficit gap through gold sales or domestic bond offerings, rendering oil export revenue absolutely critical to fiscal sustainability. Bernstam documents that American and Westernsanctions have artificially depressed Russian crude oil prices to approximately $40 per barrel, representing a severe discount relative to the global market price of $62–$63 per barrel. Bernstam emphasizes that this price differential severely constrains Moscow's aggregate fiscal revenue, preventing the budget equilibration necessary to sustain government expenditures, military operations, and regime stability, creating a structural fiscal crisis that will deepen as sanctions enforcement continues and global energy markets adjust to Russian supply constraints. 1910 CRIMINAL FILE ON STALIN, BAKU.
California's corrections department is running a nearly billion-dollar deficit, even after cuts to prisons. We have details on a CalFresh produce program that's restarting. The high profile life of the Valley Plaza before it was slated for demolition. Plus, more from Evening Edition. Support The L.A. Report by donating at LAist.com/join and by visiting https://laist.comThis LAist podcast is supported by Amazon Autos. Buying a car used to be a whole day affair. Now, at Amazon Autos, you can shop for a new, used, or certified pre-owned car whenever, wherever. You can browse hundreds of vehicles from top local dealers, all in one place. Amazon.com/autosVisit www.preppi.com/LAist to receive a FREE Preppi Emergency Kit (with any purchase over $100) and be prepared for the next wildfire, earthquake or emergency! Support the show: https://laist.com
Since late August, Oregon has been facing a $373 million budget deficit. But now, the state’s latest economic forecast shows Oregon may only be about $63 million in the hole. A brightening picture for the nation’s economy and some higher-than-expected corporate tax revenues for the state helped close the gap. But that doesn’t tell us much about the health of Oregon’s economy, as the recent government shutdown hampered the collection and release of important economic data. Oregon state economist Carl Riccadonna joins us to make sense of the latest forecast.
In this episode, we take a close look at the growing complexity of legislation in the age of artificial intelligence and how longer, denser bills create new incentives for politicians to hide provisions that voters would never spot on their own. We also examine the Trump administration's new visa rules, including the unexpected decision to classify obesity as grounds for denial, and what this says about public policy and shifting cultural norms. We analyze Trump's proposal for $2,000 tariff-funded checks and the Supreme Court case that could unravel the entire tariff structure, followed by a deeper dive into the real economics of trade, revenue, and political incentives. We finish with a look at the housing market, the push for 50-year mortgages, and why extending loan terms does little to address the underlying supply constraints driving home prices and unaffordability. 00:00 Introduction and Overview 00:28 The Future of Legislation in the Age of AI 08:07 No Visas for Obese People 12:12 Foolishness of the Week: $2,000 Checks for All Americans 19:40 Trump's Political Gambit 22:35 Budget Deficits and the Myth of Tariff Revenue 28:13 The Housing Affordability Crisis 31:16 Mortgage Rates, Down Payments, and Lending Standards 35:56 The 50-Year Mortgage Proposal and Its Real Costs 45:08 30-Year vs 50-Year Mortgage Interest Rates 51:51 Are Tiny Homes the Solution? 53:50 How Politicians Could Implement 50-Year Mortgages 56:17 The Role of Banks in the Lending Business 57:18 What Mortgages and Loans Allow 01:03:20 Predictions for 50-Year Mortgages 01:07:01 Is Inflation Falling? 01:09:19 Conclusions on Mortgages and Lending 01:13:06 James's Personal Mortgage Story 01:15:41 The Problems with Higher Education and Student Loans Learn more about your ad choices. Visit podcastchoices.com/adchoices
PREVIEW HEADLINE: Russia's Gold Bet and Financing the Budget Deficit GUEST NAME: Michael BernstamSUMMARY: John Batchelor speaks with Michael Bernstam about how sanctions benefit Russia through its "smart bet on gold." Russia holds significant gold reserves and accesses African gold. Gold at $4,000 per ounce or higher will help close Russia's budget deficit, approaching 3.5%. The Finance Ministry will sell gold domestically to finance this deficit.
• Guest Name: Veronique de Rugy • Affiliation: Mercatus Center • Summary: Veronique de Rugy strongly critiques the proposal for a US sovereign wealth fund, arguing it's a poor idea given the US's high debt-to-GDP ratio and existing budget deficits. She contends that borrowing to invest would be fiscally unsound and would lead to "cronyism on steroids," as government investment decisions are driven by political priorities rather than viable market opportunities, unlike private sector investments. 1910 JUNEAU ALASKA
Peter Schiff examines the surprising PPI surge, critiques economic data, and addresses the implications for inflation and the Fed's policies.This episode is sponsored by NetSuite. This episode is sponsored by NetSuite. Download the free “CFO's Guide to AI and Machine Learning” at https://netsuite.com/goldIn this episode of The Peter Schiff Show, Peter Schiff dives into the latest economic data, revealing how a surprising PPI surge has dashed hopes for a September rate cut. He critiques the government's misleading job numbers and discusses the implications of a growing budget deficit on the economy. Schiff also highlights the troubling trend of inflation, emphasizing the Fed's failure to act appropriately amidst worsening economic indicators. With insights on the gold and silver markets, he underscores the importance of understanding the true state of the economy, challenging the narratives promoted by politicians and the mainstream media. This episode is essential for anyone looking to grasp the reality of today's financial landscape through Schiff's candid analysis.