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Trump has flip-flopped on abortion policy. His appointees may offer clues to what happens nextNone(The Center Square) – The latest federal numbers show the U.S. deficit is soaring as President Joe Biden heads out of office. The U.S. Congressional Budget Office released its monthly budget review on Monday, which showed that in the first two months of this fiscal year, the federal government has run up a deficit of $622 billion. “That amount is $242 billion more than the deficit recorded during the same period last fiscal year,” CBO said in its report . That figure means the deficit is nearly 40% higher than this time last year. “The most alarming turkey in November was the federal government’s inability to live within its means,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in a statement. “We are only two months into the fiscal year, and we have already borrowed a staggering $622 billion, with $365 billion in the month of November alone." Deficits never surpassed one trillion dollars before the COVID-19 pandemic. Since then, they remain well above one trillion and for this next fiscal year are well beyond the pace to surpass $1 trillion. The deficit last fiscal year was about $1.8 trillion. Billionaire Elon Musk, now an advisor to President-elect Donald Trump, lamented the debt, which is about $36 trillion, on X Monday. “If we don’t fix the deficit, everything will suffer, including essential spending like DoD, Medicare & Social Security,” Musk said. “It’s not optional.” CBO did explain that some of the increase is from accounting changes. From CBO: The change in the deficit was influenced by the timing of outlays and revenues alike. Outlays in October 2023 were reduced by shifts in the timing of certain federal payments that otherwise would have been due on October 1, 2023, which fell on a Sunday. (Those payments were made in September 2023.) Outlays in November 2024 were boosted by the shift to that month of payments due December 1, 2024, a Saturday. If not for those shifts, the deficit thus far in fiscal year 2025 would have been $541 billion, or $88 billion more than the shortfall at this point last year, and outlays would have been $38 billion more.”
Carson Beck completed 20 of 31 passes for 297 yards and four touchdowns as No. 10 Georgia pummeled UMass 59-21 on Saturday in Athens. Nate Frazier ran for career highs of 136 yards and three touchdowns, while Arian Smith caught three passes for 110 yards and a score as the Bulldogs (9-2) won their second straight game and 30th straight at home, dating back to 2019. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Scenes from the City of Stockbridge’s 2024 Free Turkey Giveaway held Saturday at the Stockbridge Amphitheater. Click for more. PHOTOS: Turkey GiveawayThe increasing adoption of cryptocurrency has highlighted the need for strict privacy measures. Coin mixers, a type of cryptocurrency laundry service, offer a solution for users seeking to maintain anonymity in their transactions. This article provides an in-depth examination of coin mixers, including their operational mechanics, benefits, and associated risks. How Do Coin Mixers Work? When users contribute their cryptocurrency to a mixer, the funds are blended with other users’ money. The system then returns the value to the user’s wallet, but with different coins or tokens, or this could be coins or tokens. The result? The coins the user gets cannot be traced back to a specific source, and as a result, the coins have become equalized. For instance, if an individual cashes one Bitcoin to a mixer, they will get one Bitcoin in return. In effect, they won’t be able to find out the origin of that Bitcoin ; it could be from another source. This process aims to hide the originating user and bring about privacy . Why Are Coin Mixers Used? One of the many uses of coin mixers is to maintain anonymity or privacy. Blockchain technology makes the accreditations of any transaction open to the public, allowing transparency to be checked and everyone to monitor the movement of funds. Coin mixing can be useful for users who don’t want others to track their financial actions. Coin mixers are also used for: Avoiding censorship: Some people employ mixers to avoid getting their transactions noticed by governments or other organizations they are interacting with. Protection against hackers: By blending the fund sources, users can prevent hackers from attacking them based on transaction history. Enhancing financial freedom: Because some states take a harsh approach to cryptocurrency , mixers can enable the use of digital currencies in these states. Are Coin Mixers Legal? The legal status of coin mixers depends on certain countries. While employing a coin mixer in some jurisdictions is not a criminal offense or is legal altogether, in other places, employing such a service might be viewed as money laundering. It is advisable to check for regulation of such services in the place of residence before engaging them. However, customers' privacy could be the only reason many legal users turn into mixers because their identity and financial transactions are their legal rights, as much as people enjoy privacy in other banking operations. Risks and Considerations While coin mixers offer privacy, they come with some risks: Trust: Despite this, there is a possibility that some mixers are unreliable and can steal money. It is recommended that the users should come well equipped with information on the service providers in the internet market. Regulatory risk: As authorities continue to tighten the screws on activities involving cryptocurrencies, mixers could be easily pursued in the courts. Fees: Most mixers demand a small fee, which depends on how much cryptocurrency an individual wants to mix in the transaction. Conclusion The use of coin mixers can be a double-edged sword. While they offer a means to protect user anonymity, they also come with risks. By understanding the mechanics of coin mixers and adopting best practices, users can minimize these risks and maximize their benefits.
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