#government-budget-analysis

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#federal-reserve
US politics
fromTruthout
1 day ago

Republicans Race to Advance Trump's Federal Reserve Pick

Republicans are advancing Kevin Warsh's nomination for Federal Reserve chair amid controversy over the Justice Department's dropped probe into Jerome Powell.
US Elections
fromFortune
6 days ago

It's crunch time for Kevin Warsh: Here's how he might try to begin selling the idea of rate cuts-it requires some complex economic gymnastics | Fortune

Kevin Warsh's public campaign for Federal Reserve leadership begins, focusing on balancing dovish rate policies with rising inflation concerns.
US politics
fromAxios
2 days ago

DOJ drops criminal probe into Fed chair Jerome Powell

The U.S. attorney has closed an investigation while the Inspector General examines Federal Reserve building cost overruns.
SF politics
fromFortune
5 days ago

Inside Kevin Warsh's opening statement: Inflation is a choice, independence is essential, and a couple of notable name drops | Fortune

Kevin Warsh emphasizes the importance of Federal Reserve independence and accountability in his Senate Banking Committee appearance.
US politics
fromwww.housingwire.com
1 day ago

The outlook for mortgage rates as DOJ clears Fed path for Warsh

DOJ's decision to end the Fed renovation investigation clears the way for Kevin Warsh to potentially become chair of the Federal Reserve.
US politics
fromTruthout
1 day ago

Republicans Race to Advance Trump's Federal Reserve Pick

Republicans are advancing Kevin Warsh's nomination for Federal Reserve chair amid controversy over the Justice Department's dropped probe into Jerome Powell.
US Elections
fromFortune
6 days ago

It's crunch time for Kevin Warsh: Here's how he might try to begin selling the idea of rate cuts-it requires some complex economic gymnastics | Fortune

Kevin Warsh's public campaign for Federal Reserve leadership begins, focusing on balancing dovish rate policies with rising inflation concerns.
US politics
fromAxios
2 days ago

DOJ drops criminal probe into Fed chair Jerome Powell

The U.S. attorney has closed an investigation while the Inspector General examines Federal Reserve building cost overruns.
SF politics
fromFortune
5 days ago

Inside Kevin Warsh's opening statement: Inflation is a choice, independence is essential, and a couple of notable name drops | Fortune

Kevin Warsh emphasizes the importance of Federal Reserve independence and accountability in his Senate Banking Committee appearance.
US politics
fromwww.housingwire.com
1 day ago

The outlook for mortgage rates as DOJ clears Fed path for Warsh

DOJ's decision to end the Fed renovation investigation clears the way for Kevin Warsh to potentially become chair of the Federal Reserve.
#uk-economy
UK politics
fromBusiness Matters
3 days ago

UK borrowing slips to four-year low but Middle East tensions threaten Reeves's fiscal plan

Government borrowing in March fell to a four-year low, but concerns arise over future fiscal stability due to external conflicts.
SF politics
fromFortune
4 days ago

America's national debt is heading to 175% of GDP. Here's why no president-including Trump-has the will to stop it | Fortune

Trump's proposed Fiscal 2027 Budget increases defense spending by 40% while cutting non-defense spending, leading to a significant deficit and debt growth.
fromPortland Mercury
2 days ago

Council Grills City Administrators About Unbudgeted Housing Funds During First Oversight Hearing - Portland Mercury

"We're here on behalf of the people who put us here, and who need to know that their government is accountable to them, and that we, their representatives, will ask questions and investigate discrepancies on their behalf," said District 2 Councilor Sameer Kanal.
Portland
EU data protection
fromwww.cbc.ca
3 days ago

Final vote for Ontario's omnibus budget bill expected Thursday, says opposition party | CBC News

The Ford government's budget bill aims to change freedom of information laws, potentially shielding officials from public access to documents.
Cryptocurrency
fromwww.aljazeera.com
3 days ago

US Treasury Secretary Bessent says Gulf, Asian allies request swap lines

Bessent defends proposed currency swap lines with Gulf allies to stabilize markets amid economic uncertainty from the US-Israel war on Iran.
New York City
fromwww.amny.com
4 days ago

Speaker Julie Menin says Council can back big priorities without blowing the budget | amNewYork

Menin defends higher pay for paraprofessionals and revised home care bill as fiscally responsible, emphasizing long-term savings over upfront costs.
#student-loans
fromwww.businessinsider.com
4 days ago
Higher education

Student-loan borrowers kicked off Biden's affordable repayment plan need more time to prep for higher bills, lawmakers say

Democratic lawmakers urge for an extension on the timeframe for student-loan borrowers to switch repayment plans to avoid higher payments.
Higher education
fromwww.businessinsider.com
4 days ago

Student-loan borrowers kicked off Biden's affordable repayment plan need more time to prep for higher bills, lawmakers say

Democratic lawmakers urge for an extension on the timeframe for student-loan borrowers to switch repayment plans to avoid higher payments.
Retirement
from24/7 Wall St.
3 days ago

Experts point out big problems with Social Security fix

Social Security faces financial issues, and a proposed bipartisan solution involving borrowing and investing has drawn significant criticism from experts.
Venture
from24/7 Wall St.
4 days ago

These Are the 3 Biggest Winners From the Proposed $1.5 Trillion Defense Budget

The U.S. defense budget shift emphasizes software and data-driven solutions, benefiting companies like Palantir Technologies and others in autonomous systems.
#us-debt
Business
fromFortune
6 days ago

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns | Fortune

Soaring U.S. debt is eroding the risk advantage of Treasury bonds, leading to higher borrowing costs globally.
US politics
fromFortune
1 month ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
Business
fromFortune
6 days ago

The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns | Fortune

Soaring U.S. debt is eroding the risk advantage of Treasury bonds, leading to higher borrowing costs globally.
US politics
fromFortune
1 month ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
#kevin-warsh
US Elections
fromAxios
4 days ago

Thune nudges Trump to "wrap up" Fed probe

Kevin Warsh's confirmation as Fed chairman is stalled due to an investigation involving Jerome Powell and political pressures on monetary policy.
US Elections
fromAxios
4 days ago

Thune nudges Trump to "wrap up" Fed probe

Kevin Warsh's confirmation as Fed chairman is stalled due to an investigation involving Jerome Powell and political pressures on monetary policy.
#tariffs
fromFortune
6 days ago
US Elections

Starting Monday, businesses can claim refunds for Trump's unconstitutional tariffs. But it will take 60-90 days to get paid | Fortune

US Elections
fromwww.theguardian.com
6 days ago

Trump administration launches tariff refund system as first step in paying back billions US politics live

The Trump administration is launching a refund system for businesses that paid tariffs ruled unconstitutional by the Supreme Court.
US Elections
fromFortune
6 days ago

Starting Monday, businesses can claim refunds for Trump's unconstitutional tariffs. But it will take 60-90 days to get paid | Fortune

A refund system for businesses affected by unconstitutional tariffs is launching, allowing claims for refunds through an online portal.
California
fromwww.housingwire.com
5 days ago

Experts rebuff claim that California plans retirement account tax

California has not attempted to broadly tax retirement accounts, despite urgent warnings suggesting otherwise.
US politics
fromAbove the Law
2 days ago

US Going Deeper Into The Red Now That The IRS Is Sharing Tax Data With ICE - Above the Law

Immigrants significantly contribute to the US economy, helping to offset national debt and budget deficits despite lower hourly wages.
#us-budget
US politics
fromFortune
2 weeks ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
US politics
fromFortune
2 weeks ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
UK politics
fromwww.theguardian.com
3 days ago

UK undershoots annual borrowing target by 700m

The UK government borrowed £132bn in the last financial year, slightly below the target, but the Iran war may impact future fiscal plans.
#us-national-debt
SF politics
fromFortune
3 days ago

When interest on national debt overtook military spending, it triggered a limit where the U.S. may 'cease to be a great power', warns Hoover historian | Fortune

Interest payments on U.S. national debt will exceed $1 trillion in 2026, surpassing military spending for the first sustained period in recent history.
Retirement
fromFortune
2 weeks ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

SF politics
fromFortune
3 days ago

When interest on national debt overtook military spending, it triggered a limit where the U.S. may 'cease to be a great power', warns Hoover historian | Fortune

Interest payments on U.S. national debt will exceed $1 trillion in 2026, surpassing military spending for the first sustained period in recent history.
Retirement
fromFortune
2 weeks ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

#us-government
Washington DC
fromFortune
1 week ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
1 month ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Washington DC
fromFortune
1 week ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
1 month ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
#tax-refunds
US politics
fromFortune
5 days ago

How Trump's war screwed you out of your Trump tax refund: Wall Street has the receipts | Fortune

The Iran war has negated the economic benefits of recent tax refunds for many Americans.
US politics
fromFortune
5 days ago

How Trump's war screwed you out of your Trump tax refund: Wall Street has the receipts | Fortune

The Iran war has negated the economic benefits of recent tax refunds for many Americans.
New York City
fromwww.amny.com
4 days ago

Editorial | There's no way to tax-and-spend in NYC | amNewYork

New York City faces a $5.7 billion deficit, complicating budget negotiations amid proposed tax increases and strong political opposition.
Cryptocurrency
fromBitcoin Magazine
3 days ago

U.S. Treasury Presses Senate To Pass Crypto Legislation

Comprehensive crypto legislation is crucial for U.S. financial leadership and maintaining the dollar's status as the global reserve currency.
fromIndependent
5 days ago

'It's a tool, not a trophy' - what would money experts do if they received a windfall of 10,000?

Some financial experts recommend enjoying a portion of the windfall while allocating the rest towards savings or investments to ensure long-term benefits.
Retirement
fromwww.mediaite.com
1 day ago

Thomas Massie Campaigns Against Trump's Debt: Expanded Spending Beyond Biden's Budget'

I'd love to stand here and tell the American people, we can cut your taxes and we can increase spending, and everything's going to be just fine. But I can't do that because I'm here to deliver a dose of reality. This bill dramatically increases deficits in the near term, but promises our government will be fiscally responsible five years from now. Where have we heard that before? How do you bind a future Congress to these promises? This bill is a debt bomb ticking.
US politics
San Francisco
fromPadailypost
2 weeks ago

Opinion: How to convince voters to raise taxes? Cry wolf

Bay Area leaders are using fear tactics to push for a half-cent sales tax increase for mass transit, framing it as a citizen initiative.
#us-economy
SF politics
fromFortune
6 days ago

The director of the Congressional Budget Office-known for its gloomy national debt data-is very optimistic that a crisis will be avoided entirely | Fortune

Dr. Phillip Swagel, director of the CBO, remains optimistic about the U.S. economy despite significant national debt and interest payments.
Retirement
fromFortune
2 weeks ago

'We owe it to the next generation' to get national debt under control, says think tank boss, as U.S. borrowing hits $1.2 trillion in just six months | Fortune

The U.S. government operated at a $1.17 trillion deficit in the first half of fiscal year 2026, raising concerns about public debt and economic growth.
SF politics
fromFortune
6 days ago

The director of the Congressional Budget Office-known for its gloomy national debt data-is very optimistic that a crisis will be avoided entirely | Fortune

Dr. Phillip Swagel, director of the CBO, remains optimistic about the U.S. economy despite significant national debt and interest payments.
Retirement
fromFortune
2 weeks ago

'We owe it to the next generation' to get national debt under control, says think tank boss, as U.S. borrowing hits $1.2 trillion in just six months | Fortune

The U.S. government operated at a $1.17 trillion deficit in the first half of fiscal year 2026, raising concerns about public debt and economic growth.
fromwww.theguardian.com
5 days ago

Trump wants $1.5tn for the Pentagon and cuts to healthcare and housing | Steven Greenhouse

Trump's proposed military budget would mean a spectacular jump; it would be 42% above this year's budget and two-thirds bigger than Joe Biden's last Pentagon budget.
Right-wing politics
New York City
fromwww.amny.com
5 days ago

NYC government has nearly 14,000 job vacancies. Is City Hall better off not filling them amid a budget crisis? | amNewYork

City Council and City Hall are addressing a $5.4 billion budget shortfall with creative solutions and proposed tax measures.
#public-expenditure
fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts amid backbench pressure as budget surplus grows to 9bn

fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts amid backbench pressure as budget surplus grows to 9bn

fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts in budget as backbench pressure grows

fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts amid backbench pressure as budget surplus grows to 9bn

fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts amid backbench pressure as budget surplus grows to 9bn

fromIndependent
4 days ago
UK politics

Jack Chambers signals Fianna Fail support for income tax cuts in budget as backbench pressure grows

from24/7 Wall St.
3 weeks ago

The US Government Could End The Federal Gas Tax

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
Alternative transportation
Washington DC
fromTruthout
3 weeks ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
US politics
fromwww.aljazeera.com
3 days ago

Trump calls for Republicans to unify around budget reconciliation push

Budget reconciliation allows Republicans to bypass Democratic opposition for immigration funding with a simple majority in the Senate.
UK politics
fromIndependent
4 days ago

Explainer: What is the Annual Progress Report, and what does it tell us about the state of Ireland's economy?

The Annual Progress Report assesses the state of public finances midway between the 2026 budget and October's Budget 2027.
fromFortune
1 month ago

300 years of wars show they are 'always disaster times' for holders of government debt because of inflation and financial repression | Fortune

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
World politics
Right-wing politics
fromEsquire
3 weeks ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
fromLondon Business News | Londonlovesbusiness.com
6 days ago

Reeves mulls wartime-style bonds to plug 17bn defence funding gap - London Business News | Londonlovesbusiness.com

The idea has reportedly gained support from Defence Secretary John Healey and has been discussed in private ministerial meetings in recent weeks, as ministers search for ways to bridge a widening fiscal gap without breaking Labour's tax and borrowing pledges.
UK politics
US politics
fromAxios
1 week ago

Scoop: Collins plans to grill six Cabinet officials on Trump's budget

Bipartisan appropriations talks are being encouraged as an alternative to reconciliation for funding government agencies.
Business
fromFortune
1 month ago

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns | Fortune

By 2031, U.S. federal debt interest rates will exceed economic growth rates, triggering a self-reinforcing debt spiral where deficits cause debt to grow indefinitely.
SF politics
fromFortune
1 month ago

The U.S. just hit $39 trillion in debt. Here's the constitutional fix that Congress won't touch | Fortune

The U.S. House failed to pass a Balanced Budget Amendment as federal debt surpasses $39 trillion, raising concerns about fiscal responsibility.
Public health
fromFortune
1 month ago

Come 2030, the U.S. deficit will be worth 5.9% of GDP-more than the outlays for social security, and equal to spending on major health programs | Fortune

The U.S. faces escalating healthcare and social security costs driven by an aging population, with deficits projected to reach 6.9% of GDP by 2040, far exceeding sustainable levels.
fromFortune
1 month ago

Trump's economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what's next | Fortune

Operation Epic Fury is racking up a staggering military bill. According to the Center for Strategic and International Studies, a DC think tank, the military campaign is costing approximately $891.4 million every single day. The first 100 hours of the conflict alone consumed $3.7 billion, CIS added in a report on the costs of the fighting, as reported by CNN.
World politics
#national-debt-crisis
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
US politics
fromAxios
1 month ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
US politics
fromFortune
1 month ago

The Trump Administration's proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns | Fortune

The Trump Administration is considering capital gains tax indexation that could add $170-$950 billion to the national debt by 2035, raising concerns about deficit spending amid record debt levels.
#national-debt
US politics
fromFortune
1 month ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
US politics
fromFortune
1 month ago

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

U.S. national debt reached $39 trillion in January 2025, accumulating at an unsustainable pace that budget experts unanimously describe as alarming and economically dangerous.
fromFortune
1 month ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

fromFortune
2 months ago
US politics

'A major problem for America's economic future': $38 trillion national debt finds Democratic, Republican supermajority | Fortune

fromFortune
2 months ago
US politics

America's national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says | Fortune

US politics
fromFortune
1 month ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
US politics
fromFortune
1 month ago

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

U.S. national debt reached $39 trillion in January 2025, accumulating at an unsustainable pace that budget experts unanimously describe as alarming and economically dangerous.
fromFortune
1 month ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

fromFortune
2 months ago
US politics

'A major problem for America's economic future': $38 trillion national debt finds Democratic, Republican supermajority | Fortune

fromFortune
2 months ago
US politics

America's national debt borrowing binge means interest payments will rocket to $2 trillion a year by 2036, CBO says | Fortune

#federal-deficit
fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
2 months ago
US politics

'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit | Fortune

fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
2 months ago
US politics

'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit | Fortune

US politics
fromwww.aljazeera.com
2 months ago

CBO: US Federal deficits and debt to worsen over next decade

U.S. federal deficits and debt are projected to rise substantially over the next decade due to increased spending, higher debt service, tariffs, and immigration policies.
#federal-debt
fromFortune
2 months ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

fromFortune
2 months ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

fromFortune
2 months ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

fromFortune
2 months ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

US politics
fromFortune
2 months ago

The 'alternative scenario' of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal | Fortune

Supreme Court invalidated major Trump tariffs, removing tariff revenues and potentially raising federal deficits and national debt toward 131% of GDP by 2036.
US politics
fromFlowingData
2 months ago

Tariff revenue is nowhere close to enough

A unit-square visualization shows claimed tariff revenues cannot cover added governmental expenses as billion-dollar squares exceed available funds.
US politics
fromFortune
2 months ago

Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit | Fortune

Recent tax legislation raises refunds for many, but its primary benefit is improving investment and work incentives, warranting continued reform to address affordability.
US politics
fromFortune
1 month ago

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt | Fortune

Bipartisan consensus is emerging around reducing the federal deficit to 3% of GDP, marking a significant shift in national fiscal policy debate.
US politics
fromFortune
2 months ago

President Trump just missed a key deadline to share his spending plans-fears are mounting about what that means for $38.5 trillion national debt | Fortune

The White House delayed its fiscal year 2027 budget submission, raising transparency concerns as deficits rise and national debt exceeds $38.5 trillion.
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