The monthly U.S. budget deficit for June 2020 was a heart-stopping record $864 billion. For reference, last year’s deficit for all of fiscal 2019 was just under $1 trillion. In other words, the June deficit was almost as much as the entire amount of red ink spilled one year ago. This year will see the worst annual amount of fiscal hemorrhaging ever—and by a whole lot. The figure will be at least $4 trillion in total, which is $2.6 trillion more than the peak suffered under the Great Recession. One has to imagine that with the Department of Labor reporting, there are now 32 million people collecting unemployment insurance as of June 27th–the amount of additional debt continues to pile up fast.
(PARIS) — Protesters from the yellow vest movement took to the streets of France on Saturday for a 21st straight weekend, with thousands marching across Paris and a group briefly invading the busy beltway around the capital.
Riot police rounded up the protesters on the beltway and fired a round of tear gas on the street above, apparently to stop others from entering a ramp onto the road.
At another of Saturday’s numerous protests around the country, police fired tear gas in Rouen, in Normandy, in a showdown with protesters after fires were set in garbage cans and elsewhere.