The $40T Debt Clock Is Ticking… What Happens to Your Taxes?
In this brief segment of the One of a Kind Financial Show Daily, host Mike Milligan outlines the upcoming Labor Day market holiday and announces a special report for the next episode. He highlights several headline news items: the United States' national debt has reached $40 trillion, the U.S. is conducting strikes against Iran, and core personal consumption expenditures (PCE) inflation remains elevated at 3.3%. Milligan notes the Federal Reserve’s warning that thin trading volume combined with heavy headlines can cause price moves that appear larger than warranted, urging investors to adjust their trading plans for the low‑volume days surrounding the holiday. He then shifts to a personal‑finance reminder that schools are reopening, prompting families to reallocate cash flow toward tuition, childcare, and extracurricular expenses, and advises viewers to review their September budgets accordingly.
