Budget Deficit

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Federal Reserve Chairman Jerome Powell
Finance

In this election cycle, ‘bond vigilantes’ are voting too—and they don’t like what they see

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October 26, 2024
Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—‘Yeah, sure, but why not?’
Politics

Trump tells Joe Rogan he supports getting rid of income taxes and instead relying on tariffs—‘Yeah, sure, but why not?’

By
October 26, 2024
Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’
Finance

Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’

By
September 10, 2024
Chicago Mayor Brandon Johnson speaks at the Democratic National Convention, standing at a podium with a microphone. He is dressed in a suit, gesturing with one hand as he delivers his remarks, with the convention backdrop featuring party symbols and colors.
Politics

Chicago implements hiring freeze to help tackle $1 billion deficit

By Shruti Date Singh and Bloomberg
September 9, 2024
Pedestrians walk past a bus shelter
Finance

U.S. debt is so massive, interest costs alone are now $3 billion a day

By
September 7, 2024
Donald Trump speaks into microphone
Politics

Trump says economic growth would cover $4.6 trillion price tag for tax cuts

By Sarah McGregor, Maria Paula Mijares Torres and Bloomberg
August 24, 2024
US government check
Finance

U.S. debt interest costs are about to blow past $1 trillion this fiscal year

By Viktoria Dendrinou and Bloomberg
August 12, 2024
US Treasury payment check
Finance

The U.S. deficit is nearly as big as Russia’s economy, and there’s a ‘vicious’ feedback loop that could make it worse

By
June 30, 2024
Foreign currency bank notes
Finance

Heavily indebted countries can look just fine until suddenly they don’t, finance watchdog warns—’That is how markets work’

By Bastian Benrath and Bloomberg
June 30, 2024
Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit
Finance

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

By
June 25, 2024
California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour
Politics

California Democrats agree to delay minimum wage hike for health care workers, who will eventually get $25 per hour

By Adam Beam and The Associated Press
June 22, 2024
U.S. Capitol dome against backdrop of dollars
Finance

Remember, the U.S. doesn’t have to pay off all its debt, and there’s an easy way to stabilize it, Nobel laureate Paul Krugman says

By
June 8, 2024
Treasury Secretary Janet Yellen stands at podium
Finance

Janet Yellen warns higher outlook for rates will make it harder to keep deficits and debt expenses under control

By Viktoria Dendrinou, Christopher Condon and Bloomberg
May 26, 2024
JPMorgan Chase CEO Jamie Dimon urged the U.S. once again to reduce its national deficit, warning it will become “far more uncomfortable” if financial markets force the government’s hand.
Finance

Jamie Dimon once again says we should tackle the national deficit: ‘That is important for the world’

By
May 17, 2024
John Waldron, the president and COO of Goldman Sachs, believes the country’s lack of control over it’s debt could risk a Truss-style economic crisis, he said at Semafor’s World Economic Summit on April 18.
Finance

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

By
May 1, 2024

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