BREAKING: US Q1 2025 GDP was revised down by 0.3 percentage points, to -0.5%, confirming the first quarterly contraction since Q1 2022.
Personal consumption was revised lower by 0.7 percentage points, to +0.5%, making this the weakest quarter since the 2020 pandemic.
This also marked the second downward revision after the -0.5 percentage point revision on May 29th.
As a result, consumer spending contributed just 0.31% to the GDP print, down from 1.21% in Q4 2024.
Meanwhile, the Core PCE Price Index was revised up by 0.1 percentage point to +3.8%.
Tariffs are shifting the US economy.
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Personal consumption was revised lower by 0.7 percentage points, to +0.5%, making this the weakest quarter since the 2020 pandemic.
This also marked the second downward revision after the -0.5 percentage point revision on May 29th.
As a result, consumer spending contributed just 0.31% to the GDP print, down from 1.21% in Q4 2024.
Meanwhile, the Core PCE Price Index was revised up by 0.1 percentage point to +3.8%.
Tariffs are shifting the US economy.
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BREAKING: The Pentagon has released test footage showcasing the precision and destructive capability of bunker-buster bombs
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🇺🇸 NEW: Trump’s company World Liberty Financial has secured a $100 million investment from a UAE-based fund
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Shocking stat of the day:
The US Debt-to-GDP ratio could soar to 218% over the next 30 years under the new spending bill (OBBBA).
This would occur if the bill were made permanent and interest rates stayed near current levels, according to CRFB estimates.
That scenario would add a whopping $55 TRILLION to the federal debt by the end of Fiscal Year 2054.
As written, OBBBA is expected to increase the public debt by $15 trillion, pushing the Debt-to-GDP ratio to 172%.
If made permanent, the bill would raise total debt by $31 trillion, driving the ratio to 190%.
The US is on an increasingly unsustainable fiscal path.
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The US Debt-to-GDP ratio could soar to 218% over the next 30 years under the new spending bill (OBBBA).
This would occur if the bill were made permanent and interest rates stayed near current levels, according to CRFB estimates.
That scenario would add a whopping $55 TRILLION to the federal debt by the end of Fiscal Year 2054.
As written, OBBBA is expected to increase the public debt by $15 trillion, pushing the Debt-to-GDP ratio to 172%.
If made permanent, the bill would raise total debt by $31 trillion, driving the ratio to 190%.
The US is on an increasingly unsustainable fiscal path.
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EXPOSED: ZOHRAN'S EXPLICITLY ANTI-WHITE PROPERTY TAX PLAN
Zohran's racist policy memo explicitly states that he will "Shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods."
Zohran explicitly states he wants to shift property taxes from Jamaica or Brownsville to upper middle class people living in Park Slope brownstones.
The hilarious thing is that the people in those brownstones are all voting for him.
This is not going to "tax the rich," this is going to absolutely crush the white people of New York who did the right thing, saved their money over the years, and bought real estate. It will also crush conservative New Yorkers living in places like Staten Island, Breezy Point, Riverdale, et cetera.
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Zohran's racist policy memo explicitly states that he will "Shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods."
Zohran explicitly states he wants to shift property taxes from Jamaica or Brownsville to upper middle class people living in Park Slope brownstones.
The hilarious thing is that the people in those brownstones are all voting for him.
This is not going to "tax the rich," this is going to absolutely crush the white people of New York who did the right thing, saved their money over the years, and bought real estate. It will also crush conservative New Yorkers living in places like Staten Island, Breezy Point, Riverdale, et cetera.
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🇺🇸🇮🇷🇮🇱Pentagon shows how GBU-57 MOPs work:
"Unlike a conventional land-based bomb, you won't see a crater from the impact because they're designed to burrow deep and then detonate."
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"Unlike a conventional land-based bomb, you won't see a crater from the impact because they're designed to burrow deep and then detonate."
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NY elementary school teacher films herself raffling off a Palestinian-themed Muslim doll — then, in a separate video, goes on a rant about Trump and climate change
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