Defeat Trump
The coronavirus recession is over for the rich, but the working class is far from recovered
The U.S. deficit hit $984 billion in 2019, soaring during Trump era
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.
U.S. manufacturing falls into deep recession as Trump’s trade war drags on
In America, wage growth is getting wiped out entirely by inflation
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle class and working class. Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period.