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The federal budget deficit continues to expand as government outlays outpace revenue gains. Withholding tax collections grew strongly, belying the BLS nonfarm payrolls data for February. The tax data indicates a stable employment trend.
This report explains what real time Federal tax collection and spending data means for the economy, and the stock and bond markets in 2026.
The report disdains Wall Street mythology, shows the real data and illustrative charts that clearly define the issues. It suggests your investment strategy for dealing with the facts, as opposed to the Street narrative.
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