Social Security has 6 years left. The fix that sounds cruelest may be the smartest
Social Security is six years from insolvency. That’s not a projection buried in an actuarial footnot[……] Read More
Think tank: Trump is weighing capital gains tax that could add up to $1 trillion to national debt
As the national debt careens above $39 trillion, the Trump Administration is weighing policy changes[……] Read More
U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped, budget watchdog warns
This rom-com formula is now a staple of holiday TV programming: a busy professional from the big cit[……] Read More
How the Iran war’s nearly $1 billion-a-day price tag is deepening America’s debt crisis
On February 11, the Congressional Budget Office released its closely-watched, 10-year projections fo[……] Read More
The national debt was already ballooning under Trump. Then came a $1 billion-a-day war with Iran
The United States was already on an unsustainable fiscal trajectory, adding to the national debt at[……] Read More
U.S. is entering a financial crisis more indebted than ever. Here’s a warning Washington is ignoring
The U.S. has never been more financially exposed heading into a potential economic crisis. With the[……] Read More
CBO: Treasury may need to borrow extra $1.6 trillion to cover the hole left by tariff ruling
When the Supreme Court ruled late last month that the majority of tariffs implemented by the second[……] Read More
Interest on the $38.8 trillion national debt has tripled since 2020, topping defense and Medicaid
The United States is now paying nearly $970 billion a year just to service the interest on its $38.8[……] Read…
Trump’s action against Iran is yet another wobble for government debt, warns UBS
At the outset of any escalation in geopolitical conflict, the humanitarian cost of military action w[……] Read More