Anyone who has managed a business or household probably knows what it feels like to be broke. This simply means that you have no money. When expenses exceed revenues, this can happen to states, cities, businesses, churches, civic organizations and households. When this happens spending must be cut and you may have to work some overtime or get a second job. You may have to withdraw from your savings, use a credit card or make a loan to help you through this situation.
February 14, 2023
The Next Financial Crisis