Keeping Social Security from going broke requires tax hikes that will hit younger Americans for 6 figures
Social Security's trust funds are approaching insolvency in less than a decade as worker-to-retiree ratios decline, forcing Congress to consider painful tax hikes or benefit reductions.
National Debt Tracker: American taxpayers (you) are now on the hook for $37,070,422,809,316.32 as of 8/13/25
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by the White House and Congress.
Fed's current monetary policy stance is 'exactly where we want to be,' official says
Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent economic growth from reigniting inflation.
Treasury's Bessent says he doesn't support suspending monthly jobs reports
Treasury Secretary Scott Bessent defended releasing monthly jobs reports amid accuracy concerns, emphasizing the need for improved data collection rather than pausing monthly releases.
Trump administration official says Wall Street tariff inflation fears like 'waiting for Godot'
A key official in the Trump administration's economic team touted the July CPI inflation report as evidence that tariff-induced inflation isn't going to materialize as economists fear.
US national debt hits record $37 trillion
The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.
Trump slams Goldman Sachs CEO over tariff predictions: 'Focus on being a DJ'
President Donald Trump criticized Goldman Sachs CEO David Solomon over a tariff report showing U.S. consumers ultimately bear the costs, telling him to focus on being a DJ instead.
Inflation cools slightly in July from prior month
The Bureau of Labor Statistics reported the July consumer price index which showed CPI inflation continued to rise as tariffs push prices higher for U.S. businesses and consumers.
Trump's 401(k) expansion order: What new investment options will be available?
President Donald Trump signed an order enabling Americans to include private market investments, commodities and infrastructure projects in their 401(k) account portfolios.