Notes in the Margin

The passage of Trump's budget law means the government will likely need to issue a flood of short-term Treasury bills to finance its deficit

Domestic coach-class travel demand has come in weaker than airline executives expected this year. Are consumers running out of disposable income?

But secessionist Albertans aren't interested in joining the United States. 

"Next election cycle someone like Tucker Carlson or JD Vance will run on his platform and these suckers will swallow it hook, line and sinker."

President Donald Trump signed a law on Friday to create a regulatory framework for dollar-pegged cryptocurrencies, known as stablecoins. NTD's Don Ma discusses with Steve Hanke, Professor of Applied Economics at Johns Hopkins University, and Christian Briggs, CEO of Hard Asset Management.

"Emergency Medicaid is often used by immigrants, including those who are lawfully present and those who are not."

The Holy Family Church in Gaza was struck by an Israeli attack ...The direct strike killed two people. The Israeli state is now "investigating" the matter. 

"Americans’ attitudes on immigration have largely returned to where they stood before the recent border surge."

Rice prices in Japan are a big deal. "One of the main sources of anger has been the surging cost of the food staple, which has rocketed for months..."

The yield on German gov't bonds rose three basis points to 3.25%, adding to a surge in the past month, close to the highest since 2011.