National Debt Tracker: American taxpayers (you) are now on the hook for $36,214,280,590,105.74 as of 6/12/25
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 President Biden and Congress.
Auto stocks mixed after Trump signs rollback of California EV mandate
President Trump signed legislation a law California's electric vehicle mandate, which 11 other states adopted and would have required 100% zero-emission cars by 2035.
Trump eyes Cabinet member to replace 'Mr Too Late' Powell at the Fed: report
Trump is reportedly considering Treasury Secretary Scott Bessent among top contenders to replace Fed Chair Jerome Powell, who he has criticized over interest rates.
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon warned U.S. economic conditions could deteriorate soon, undermining a potential soft landing with employment declining and inflation rising slightly.
Inflation increased slightly on an annual basis in May
The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.
Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction
Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.
Meta's Zuckerberg aiming to dominate AI race with recruiting push for new ‘superintelligence’ team: report
Meta CEO Mark Zuckerberg is reportedly building a superintelligence team to develop artificial general intelligence, recruiting 50 experts amid competition with OpenAI and Google.
OpenAI says this state will play central role in artificial intelligence development
OpenAI executives told business and civic leaders in New York that the city and state can play a central role in the development and adoption of artificial intelligence.
Consumers are paying the costs for Trump's tariffs: New York Fed
Federal Reserve Bank of New York finds 75% of businesses facing tariff-induced cost increases are raising prices amid uncertainty about future tariff policies.