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In the news this week – Chris Boyd and Jeff Perry start off the segment with a review of the record high level of stock market prices. Chris and Jeff next talk about the upcoming Superbowl pitting the Kanas City Chiefs against the San Franciso...
In the news this week – Chris Boyd and Jeff Perry start off the segment with a review of the record high level of stock market prices. Chris and Jeff next talk about the upcoming Superbowl pitting the Kanas City Chiefs against the San Franciso 49ers. The conversation transitions to the finances of the Superbowl, including the over $1B of economic stimulus to Las Vegas (site of the Superbowl) and the $26B projected to be wagered on the game. The segment ends with commentary on reports from the Congressional Budget Office (CBO) estimating that this year’s federal budget deficit will be $1.6T, and without changes to revenue or expenditures, the annual budget deficit in 2034 will rise to over $2.6T. Chris and Jeff discuss at what level the growing national debt will be an issue to the financial markets.
