Greetings On The Money readers,

Investors are pulling money out of the U.S. markets at a record clip. Are you one of them?

Equity mutual funds and exchange-traded funds (ETFs) domiciled in the United States saw outflows of $24.7 billion in May, the largest in a year, data from LSEG Lipper showed. 

The culprit? Concerns about U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession. You can read more about that here.

In an interesting twist, the U.S. markets have staged a comeback in recent weeks, with the major indexes nearing or at all-time highs. And, yet, the U.S. dollar reached a low for the year.

Sometimes it feels like it is a chore to keep up with all of the money mayhem. We’ve got you covered! Follow our markets, currency and economic news for clear, concise coverage from my super-smart Reuters colleagues.

Did you know that with very few exceptions, the U.S. government spends more each year on everything from defense to healthcare than it collects in taxes? No wonder the current congressional budget debates are so intense as lawmakers battle over what to prioritize and how big an annual deficit to tolerate.

Check out this informative tax-and-spend data visualization which delves into income distribution along with important aspects of government spending, including Social Security and Medicare. (I love the piggy banks!)

What aspect of Trump’s Big, Beautiful Bill are you paying the most attention to? Write to me at onthemoney@thomsonreuters.com. (I also love reader mail.)

Economists expect tariffs to raise prices in the US, but American shoppers are still spending. Sarah Henry of Logan Capital Management explains how tariffs might take three-to-six months to feed through the supply chain. Watch here.