Federal budget

Global budgets are loosening up amid fiscal sunshine

Americans are enjoying year-on-year wage gains above 3% for the first time in over a decade according to two economic reports this week, including a monthly jobs report that came in comfortably above expectations.

Data: Federal Reserve Bank of St. Louis; Chart: Chris Canipe/Axios

September was the 97th consecutive month that the economy has created jobs. That's an all-time record. Fiscal policy is goosing the economy. The Treasury is going to have to borrow $1.34 trillion this year, more than double the number in 2017. Enjoy the good times while they last.

U.S. military deployment to southern border could cost $200 million

The migrant caravan
Members of the migrant caravan moving through Central America. Photo: Spencer Platt/Getty Images

President Trump's decision to deploy up to 15,000 troops to the border to handle the migrant caravan traveling north through Central America could cost as much as $200 million by the year's end, the Washington Post reports.

The big picture: The deployments won't put a major dent in the military funds relative to the $716 billion defense budget, but the move goes against the Pentagon's request to cut unnecessary expenditures to battle the federal deficit.

More stories loading.