A prominent economist warns that the U.S. is on a dangerous financial path as debt costs rise and economic growth stalls. With soaring student loan delinquency rates and increased government spending, the nation faces a looming crisis.
Donald Trump is set to sign a sweeping spending package that cuts safety-net programs while boosting funding for immigration enforcement. Critics warn of devastating impacts on healthcare and low-income families.
House Republicans' spending bill and rising tariffs may slightly reduce the budget deficit, but experts warn of an unsustainable debt trajectory. With the national debt nearing $36 trillion, tough fiscal decisions loom on the horizon.
In a bid to address a projected $27 million budget deficit, the University of Michigan's athletic department will reduce staff by 10% while allocating funds to pay student-athletes. Athletic director Warde Manuel outlined cost-cutting measures and new revenue strategies in a letter to supporters.
Elon Musk has publicly criticized President Trump's sweeping domestic policy bill, labeling it a 'disgusting abomination.' His remarks come as GOP senators work on a multi-trillion-dollar package amid concerns over its cost. Will Musk's influence sway Republican lawmakers?
In a fiery critique, Elon Musk condemns Trump's multi-trillion dollar tax and spending bill, labeling it a 'disgusting abomination' and warning of its impact on the budget deficit and American citizens.
Stock futures remain flat as Wall Street grapples with a significant sell-off driven by fears of a growing budget deficit. Key negotiations over tax and spending could further impact the market, while Treasury yields continue to rise.
President Trump is pushing for tax exemptions on tips and overtime pay to win over working-class voters. Congress is moving closer to making this a reality, despite concerns over the budget and labor market implications.
As President Trump negotiates a controversial tax and spending bill with House Republicans, tensions rise within the party. The proposed legislation faces opposition from both budget hawks and tax-cut proponents, raising questions about its future.
After the US lost its last perfect credit rating, lawmakers are at odds over how to address the fiscal crisis. With a proposed bill potentially adding trillions to the deficit, investors are on high alert. Will Congress come together to avert further downgrades?
