U.S. Trade Deficit Cut in Half -wsj

I don't know which is worse -- the MSM propaganda outlet that would put such a misleading headline on this or the machinelike chutzpah of the bot that would repost it in front of people who obviously know better.

From the shovel of Reuters (emphasis added)...

"Treasury reported a $1.049 trillion budget deficit for the first seven months of fiscal 2025, which started Oct. 1, up 23% from a year earlier. Fiscal year-to-date receipts of $3.110 trillion and outlays of $4.159 trillion were both records for the month of April, though the deficit itself was not, an agency official said.

"After accounting for calendar differences that exaggerated outlays recorded in 2024 and $85 billion in deferred tax receipts from California that had boosted fiscal year 2024 receipts, the deficit would have been 4% higher, according to an agency official."

The usual semantic bullshit is the usual semantic bullshit.
 
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The May jobs report showed the US labor market remained largely resilient amid President Trump's new tariff policy.

The US economy added 139,000 nonfarm payrolls in May, more than the 126,000 expected by economists. The unemployment rate held steady at 4.2%.

In April, the US economy added 177,000 jobs while the unemployment rate held flat at 4.2%. Those figures were revised lower on Friday to reflect that the economy added 147,000 jobs that month.

 
6842a1cd4eff8.webp
 
So we went from sending other countries less stuff in exchange for them sending us more stuff to sending them more in exchange for less.
 
From the article:
The U.S. government posted a $258 billion budget surplus for April, up 23% from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said on Monday.
Click to expand...

So this is a bad thing.
 
Is this thread full of the bot pontificating or merely regurgitating? It's a fine line between the two, when it comes to AI...

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Invisible Man said:
So we went from sending other countries less stuff in exchange for them sending us more stuff to sending them more in exchange for less.
Click to expand...
We went from going ever deeper in debt to closer to turning a profit.
You must think you can go into debt to the entire community while not working a job and expect to become wealthy.
 
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