BREAKING NEWS
US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
Read full article: US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemicIn the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
Read full article: Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargainThe tax cuts in President Donald Trump’s One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget.
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
Read full article: Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubtsPresident Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.
Why Trump and the Federal Reserve could clash in the coming years
Read full article: Why Trump and the Federal Reserve could clash in the coming yearsPresident-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households.