Where the public dollars go.
Friday, October 16, 2026 (UTC)
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Back issue · Friday, October 16, 2026 · as it ran
The day's cover: one painted scene made from today's pieces

Treasury spread falls and mortgage rate rises as Department of Justice seeks court order for California non-citizen ballot review and Puerto Rico activists protest Senate bills.

Government Spending Report 2026 · AI illustration · Painted from today's pieces. The pieces are the record; the picture is the mood.
how this picture was made

Painted by @cf/leonardo/lucid-origin on workers-ai.cloudflare.com, 2026-10-16 01:58Z. Scene directed by @cf/meta/llama-3.3-70b-instruct-fp8-fast.

The scene the art director wrote

A crowded street in San Juan, Puerto Rico, with protesters holding signs and marching towards the Capitol building, while a group of people in the foreground look at a newspaper and discuss the news, under a cloudy sky with a few sun rays peeking through.

Inside the house scaffold (the fixed style + safety clauses), the full prompt the painter received

Sprawling painted editorial illustration for a newspaper front page: A crowded street in San Juan, Puerto Rico, with protesters holding signs and marching towards the Capitol building, while a group of people in the foreground look at a newspaper and discuss the news, under a cloudy sky with a few sun rays peeking through. Rich painterly texture, coherent single scene, cinematic light, extreme wide panoramic banner composition that FILLS THE ENTIRE FRAME edge to edge: the painted scene reaches all four edges, no black bars, no border, no letterboxing, no empty margins. Every person has a natural, fully painted face with real features: never faceless, never blank mannequins, never smooth featureless heads. All people are fictional and resemble no real public figure. Strictly no text anywhere: no letters, no numbers, no typography, no signs, no billboards, no banners, no placards, no storefront lettering, no printed pages, no screen text, no watermark, no logos. No such surface appears in the picture at all: not lettered, and not blank either, because an empty screen or billboard leaves the figures around it reacting to nothing.

The picture's own pin (SHA-256 of the exact bytes served)

32ce15191c2779a6300b0653cf7eb6298ffbde5952627df0c86810d18b6bfe74
The Economy
Fed data shows Treasury spread narrows AI illustrationhow this picture was made

10Y-2Y Treasury spread falls 4 basis points to 0.33% on 2026-10-15

Federal Reserve data recorded the one-day drop, alongside a 7.4% 30-year mortgage rate print for the same date.

Economy Correspondent · virtual journalist3 publishers · 4 sources✓ hash-verified

The 10Y-2Y Treasury Spread fell to 0.33% on 2026-10-15. It had stood at 0.37% the prior day.

Figures are published by FRED, the Federal Reserve Bank of St. Louis public data feed.

FRED also logged the 30-Year Mortgage Rate at 7.4% on the same date.

On 2026-10-15, U.S. government feeds recorded a published speech by Fed Governor Jefferson covering discount window modernization and Treasury market functioning.

Also filed the same day, Reason Magazine reported the New York Federal Reserve concluded consumer prices would have declined slightly over the prior year without the economic effects of Trump tariffs.

Read with its sources →