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Washington Post: “In more than 1,000 counties, or about one in three, the unemployment rate is higher than it was a year ago. That includes all 72 counties in Wisconsin and all 10 in New Hampshire, as well as most in Michigan, Minnesota and North Carolina. The numbers can be volatile from month to month, but this trend remains even if you look at entire quarters or years.”
“The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, a $205 billion increase from a year earlier, as America’s fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth,” the Washington Post reports. “The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years. Since taking office, Trump has endorsed big spending increases and steered most Republicans to abandon the deficit obsession they held during the Obama administration.”
“The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year,” the AP reports. “The $984 billion deficit tally for 2019 came in more than $200 billion more than last year’s, despite very low unemployment and continuing economic growth.”
President Trump and the Republican National Committee raised $125 million in the third quarter, a joint haul to help Trump and Republicans across the country, the Associated Press reports.
“The U.S. budget gap widened to more than $1 trillion in the first 11 months of the fiscal year, the Treasury Department said Thursday, the first time deficits have topped that amount in seven years,” the Wall Street Journal reports.
Yahoo News: “Forecasting firm Moody’s Analytics estimates that Trump’s trade war with China has already reduced U.S. employment by 300,000 jobs, compared with likely employment levels absent the trade war. … That’s a combination of jobs eliminated by firms struggling with tariffs and other elements of the trade war, and jobs that would have been created but haven’t because of reduced economic activity.”
Associated Press: “China’s trade with the United States is falling as the two sides prepare for negotiations with no signs of progress toward ending a tariff war that threatens global economic growth. Imports of American goods tumbled 22% in August from a year earlier to $10.3 billion, customs data showed Sunday. Exports to the United States, China’s biggest market, sank 16% to $44.4 billion.”
“Vice President Pence promised that their Administration would defend the Constitution and stand by a ‘strict constructionist’ interpretation of the Constitution. Instead the Trump-Pence Administration is ignoring the text itself and selling out the Constitution to line Trump’s pockets.”
— Speaker Nancy Pelosi (D-CA), accusing Vice President Pence of “selling out the Constitution” to financially benefit President Trump following the vice president’s stay at one of Trump’s properties in Ireland, The Hill reports.
A new Quinnipiac poll finds that since the first time since the 2016 election, more voters say the economy is getting worse than say it’s getting better. Voters still think the economy is good, but of those polled, 37% say the economy is getting worse, compared with 31% who say it’s getting better and 30% who say it’s staying the same.
Washington Post: “As president, Trump has averaged two weekly visits to Trump Organization properties and has mentioned the names of four of those properties — Bedminster, Mar-a-Lago, Turnberry and Doral — at least 70 total times in White House speeches, interviews and tweets.”