SERETIS NOTES

  The Congressional Budget Office (CBO), a nonpartisan entity, reported on Wednesday that the national debt of the United States is projected to soar to $64 trillion over the next decade. This increase is attributed partially to annual deficit growth, linked to tax cuts introduced by President Donald Trump. According to the CBO's 164-page report, the federal deficit—defined as the yearly difference between government expenditures and income—is anticipated to climb from $1.9 trillion in the fiscal year 2026 to $3.1 trillion by 2036. The anticipated revenue shortfalls resulting from Trump’s notable tax cuts are expected to surpass the $3 trillion in revenue from newly implemented tariffs. With all the taxes the government steals from us, it's scary to think that one soon this will be the down fall of the United Steates as other nation will refuse to business with us

  Prompt Editor MagicSchool said: The Pentagon has reportedly instructed a second aircraft carrier strike group to get ready for deployment to the Middle East in anticipation of possible military action against Iran. President Trump has not yet authorized the deployment, but an order might be given "within hours," according to the Wall Street Journal, which cited US officials on Wednesday night. The deployment would likely originate from the US East Coast, with one carrier being prepared to set sail in two weeks, an official told the publication. The United States is concentrating its naval forces in one region, potentially reducing its presence in other areas if issues arise.

  Taiwan’s president, Lai Ching-te, warned that if Beijing successfully invades the self-governed island, other Asia-Pacific countries might also become targets. Despite Taiwan having its own democratically-elected government, China asserts sovereignty over the island and has threatened to forcibly "reunify" it with the mainland if needed. Recently, China has increased military and political pressure on Taiwan. The question will then be , what will the United States or even Europe do.

  According to The New York Times, key figures in the agricultural sector are raising an economic warning in a collective letter. What is occurring? A bipartisan coalition of agriculture industry leaders has urged the Trump administration and Congress to reconsider tariffs and other economically limiting actions. The letter stated that these measures have raised costs, hindered market access, restricted labor availability, and halted vital agricultural research. Together, these impacts were considered disastrous.

  Ford might allow Chinese vehicles to be manufactured at its European facility. This collaboration could enable Chinese brands to avoid tariffs. The Valencia plant is the probable location for this proposed agreement. The potential partnership between Ford and Geely in Europe resembles a Hollywood buddy comedy, with one side offering factory capacity and increasing expenses, while the other brings new technology and a tariff challenge. Together, they could turn Valencia, Spain, into an unexpected hub for the auto industry. There is always  a back door