Profiles

United States citizens are watching a deteriorating tango between banks and the federal government. Bank depositors have been losing confidence in the value of their bank deposits, while credible market signals flag higher concerns about the credit quality of the United States Treasury.

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Last week, two federal government entities produced financial reports. The Treasury Department issued the latest annual (FY2022) Financial Report of the United States Government (FRUSG), and the Federal Reserve Board of Governors issued its weekly H.4.1 report on the financial condition of the...

Florida Senator Rick Scott recently kicked over a beehive when he included an income tax increase for most Americans in his ...

Our Federal Government’s Balance Sheet: Putting the Cart Before the Horse

The Financial Report of the U.S. Government for 2020 included a balance sheet with $6 trillion in assets and $33 trillion in liabilities, leaving a negative net position of about $27 trillion....