Economy
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Federal Reserve Marks Century Since 1913 Banking Panic
WASHINGTON, July 14 — The Federal Reserve System, the central bank of the United States, was born from…
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U.S. National Debt Surpasses $34 Trillion Milestone in January 2024
WASHINGTON, July 11 — The technical reality of the United States’ national debt is that it crossed $34…
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Mike Waltz pushes economic warfare as national security advisor
WASHINGTON, July 11 — Mike Waltz, the National Security Advisor to President Donald Trump, has become the central…
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Projected U.S. Debt Growth and Interest Costs Through 2034
WASHINGTON, July 11 — The Congressional Budget Office is projecting that the nation’s debt load will keep climbing…
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Yellen Leads Treasury Amid Global Economic And Debt Concerns
WASHINGTON, July 11 — Janet Yellen, the 78th U.S. Treasury Secretary, has been at the center of America’s…
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National debt surges from trillion to trillions in four decades
WASHINGTON, July 11 — The United States national debt crossed the $1 trillion threshold in 1982, during the…
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Federal Deficits to Average $2 Trillion Annually Through 2034: CBO
WASHINGTON — The Congressional Budget Office’s long-term budget outlook, released in February 2024, painted a stark picture of…
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Treasury Sec. Yellen & CBO: Managing US Debt, Projecting Fiscal Costs
WASHINGTON, July 11 — The nation’s fiscal path is coming into sharper focus, and the numbers are sobering.…
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CBO Director Swagel Projects $870B in 2024 Interest Costs
WASHINGTON, July 11 — The man who runs the numbers on America’s fiscal future is sitting in an…
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Congressional Budget Office: U.S. debt to hit 166% of GDP by 2054
WASHINGTON, July 11 — The Congressional Budget Office’s latest long-term projections paint a sobering picture of America’s fiscal…
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U.S. National Debt Surges from $10T in 2008 to $34T in 2024
WASHINGTON, July 11 — The United States national debt has crossed the $34 trillion threshold as of January…
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Federal borrowing hits $776 billion in first fiscal quarter
WASHINGTON, July 11 — The U.S. Treasury borrowed $776 billion in the first quarter of fiscal year 2024,…
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Congress or President: Two Paths to Russian Oil Tariffs
WASHINGTON, July 11 — The figure that matters for global energy markets is zero: zero official action. The…
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The Mechanics of Tariffs: How They Would Be Implemented and Enforced
WASHINGTON, July 10 — Against this backdrop of shifting energy alliances and transatlantic tension, the United States is…
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Tariff Proposal Timeline and Potential Outcomes Explained
WASHINGTON, July 10 — The Trump administration’s proposal to slap heavy tariffs on Russian oil remains stuck in…
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Ukraine’s New Defense Chief Overhauls Military Procurement
KYIV, July 7 — The shift in Ukraine’s defense strategy is increasingly visible, and Rustem Umerov is at…
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Fed Chair Powell: 49% of Under-30s Live with Parents
WASHINGTON, July 7 — Almost half of Americans under the age of 30 are living with their parents,…
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Scotland Council Tax: From Band H to Proposed Mansion Tax
EDINBURGH, July 7 — The Scottish Government has formally launched a consultation on adding two new higher bands…
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South Africa’s job crisis fuels rising anti-immigrant protests
JOHANNESBURG, July 7 — For communities across South Africa, the struggle to find work has become a daily…
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US Economy in 2026: Inflation Trends, Job Market Shifts, and
WASHINGTON, July 5 — The U.S. economy is settling into a period of cautious stability as 2026 reaches…
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Critics Question Abundance-Liberalism Thesis’ Political Relevance
WASHINGTON, July 5 — The strategic calculus behind “abundance liberalism” may be losing its grip on the Democratic…
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Newsom Backs Federal Billionaire Tax, Rejects California Leading the Way
Gavin Newsom wants a federal tax on billionaires. He does not want his own state to try it…
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U.S. Economic Policy Faces Criticism as “Confused and Inconsistent
WASHINGTON — Satyajit Das, a former banker and author of multiple works on derivatives and financial speculation, offers…
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Truthout Analysis Says Worker Strikes Hold More Power Than Voting
WASHINGTON — The most striking claim in a new analysis from Truthout is not about elections. It is…
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