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Trump Budget Request Aims to Boost Defense Spending to $1.5 Trillion

President Donald Trump’s budget request calls for Congress to boost defense spending up to $1.5 trillion, the largest increase in decades and signals the administration’s interest in raising defense spending over domestic spending.

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Golden Era: March Payroll Growth 18x Larger Than Economy Needs

The break-even rate of employment growth — the number of new workers needed on payrolls each month to hold the unemployment rate steady — has collapsed to near zero, according to converging analyses from the Federal Reserve Bank of Dallas and the Federal Reserve Board of Governors.

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