#tax-cuts

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#us-budget
US politics
fromFortune
1 week ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
US politics
fromFortune
1 week ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
fromFortune
13 hours ago

The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says | Fortune

"That's a dangerous thing," he said Thursday during an interview with Bloomberg TV, describing a scenario where demand and prices for Treasuries fall as foreign interest in the market declines.
Business
#tariffs
European startups
fromFast Company
1 day ago

A massive tariff refund program is launching. Here's who actually gets the money

A tariff refund program for companies affected by Trump's invalidated tariffs will begin on April 20, but individuals are not eligible.
NYC real estate
fromTruthout
6 days ago

Tariff Refunds Flow to Companies as Consumers Keep Footing the Bill

Tariffs have increased consumer prices, and refunds to companies may not benefit shoppers who bore the costs.
European startups
fromFortune
3 days ago

Tariffs are the new normal, and now most CEOs expect the import taxes to outlast the Trump administration, PwC report finds | Fortune

CEOs are treating tariffs as a permanent aspect of business planning, expecting them to remain for years despite legal uncertainties.
fromFortune
2 months ago
US politics

Trump's tariffs cancel out what he claims is 'the largest tax cut in American history': the average person will lose $300 even after refunds | Fortune

European startups
fromFast Company
1 day ago

A massive tariff refund program is launching. Here's who actually gets the money

A tariff refund program for companies affected by Trump's invalidated tariffs will begin on April 20, but individuals are not eligible.
NYC real estate
fromTruthout
6 days ago

Tariff Refunds Flow to Companies as Consumers Keep Footing the Bill

Tariffs have increased consumer prices, and refunds to companies may not benefit shoppers who bore the costs.
European startups
fromFortune
3 days ago

Tariffs are the new normal, and now most CEOs expect the import taxes to outlast the Trump administration, PwC report finds | Fortune

CEOs are treating tariffs as a permanent aspect of business planning, expecting them to remain for years despite legal uncertainties.
fromFortune
2 months ago
US politics

Trump's tariffs cancel out what he claims is 'the largest tax cut in American history': the average person will lose $300 even after refunds | Fortune

New York City
fromwww.mediaite.com
1 day ago

Trump Flips Out After Mamdani Announces New Tax for Ultra-Wealthy Part-Time Residents: SO WRONG'

New York Mayor Mamdani introduces a tax on wealthy part-time residents to address a fiscal gap and support city services.
#tax-filing
US politics
fromFortune
2 days ago

Exclusive: Elizabeth Warren on her proposal to bring back IRS Direct File: 'For just one day of bombing Iran, we could pay for 20 years' | Fortune

Sen. Elizabeth Warren opposes privatizing tax filing, advocating for free filing services and criticizing tax prep companies for misleading taxpayers.
fromFortune
2 months ago
US politics

Thanks to Trump, tax refunds could $1,000 higher this season. Here are the new deductions taxpayers should know about | Fortune

US politics
fromFortune
2 days ago

Exclusive: Elizabeth Warren on her proposal to bring back IRS Direct File: 'For just one day of bombing Iran, we could pay for 20 years' | Fortune

Sen. Elizabeth Warren opposes privatizing tax filing, advocating for free filing services and criticizing tax prep companies for misleading taxpayers.
fromFortune
2 months ago
US politics

Thanks to Trump, tax refunds could $1,000 higher this season. Here are the new deductions taxpayers should know about | Fortune

#gas-prices
US Elections
fromwww.mediaite.com
1 day ago

Trump Says Gas Prices Are Not Very High' When Asked When Americans Can Expect Relief

Trump claims gas prices are not very high despite current averages around $4 per gallon.
US Elections
fromwww.mediaite.com
1 day ago

Trump Says Gas Prices Are Not Very High' When Asked When Americans Can Expect Relief

Trump claims gas prices are not very high despite current averages around $4 per gallon.
US news
fromwww.npr.org
2 days ago

Tax season was supposed to bring big refunds. So far they're less than expected

Tax refunds this season are larger but not meeting expectations, leading to disappointment among taxpayers.
#national-debt
fromFortune
1 day ago
World politics

A world going broke: IMF says America's $39 trillion national debt is actually a global problem-and AI may be the only rescue | Fortune

Global public debt is projected to reach 99% of world GDP by 2028, with the U.S. leading in fiscal dysfunction.
fromFortune
1 month ago
US politics

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
World politics
fromFortune
1 day ago

A world going broke: IMF says America's $39 trillion national debt is actually a global problem-and AI may be the only rescue | Fortune

Global public debt is projected to reach 99% of world GDP by 2028, with the U.S. leading in fiscal dysfunction.
US politics
fromFortune
1 month ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
fromFortune
2 days ago

These Americans are refusing to pay their taxes in protest of the Trump administration | Fortune

"I was thinking, well, it's a little inconsistent for me to refuse induction, refuse to go into the military, yet pay taxes that would fund other people to go into the military," the 81-year-old told Fortune.
Right-wing politics
fromBoston.com
1 day ago

Ballot proposal for income tax cut sparks debate in Massachusetts

"Yes, we're No. 1 in education. Yes, we're a safe state," said Chris Keohan, the spokesperson and consultant for the Taxpayers for an Affordable Massachusetts ballot committee. "But what does it tell you if we're losing people to states that are less safe, that have less level of education? It tells you that we're at a breaking point and something absolutely has to be done."
Boston
fromCornell Chronicle
2 days ago

Talk to explore politics behind the Inflation Reduction Act | Cornell Chronicle

Stokes will deliver a talk, 'The Carbon Wave: A Story of Democracy, Parenthood, and the Race to Protect Our Planet,' recounting the passage of the legislation through the perspectives of three new parents.
Higher education
#us-government
Washington DC
fromFortune
3 days ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
3 weeks ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Washington DC
fromFortune
3 days ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
3 weeks ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Europe politics
fromIndependent
2 days ago

Income tax breaks in budget would be impossible if cuts on petrol and diesel continue into next year

Extension of excise cuts on fuel could hinder income tax reductions for workers.
Healthcare
fromMedCity News
5 days ago

'A Significant Assault on Our Health': Healthcare Policy Leaders Condemn Trump's Budget Proposal - MedCity News

Trump's fiscal year 2027 budget proposes significant cuts to healthcare, exacerbating previous reductions and drawing criticism from healthcare advocates.
#tax-reform
fromwww.housingwire.com
2 days ago
Real estate

Tax reform and real estate, key deductions still matter

Pro-growth tax policy is yielding tangible benefits for homeowners and small businesses, reflecting the impact of recent tax reforms.
fromThe Atlantic
4 days ago
Retirement

How to Tax Billionaires

We should abolish the estate tax to bring billionaires back into the income-tax system and simplify tax rules.
Real estate
fromwww.housingwire.com
2 days ago

Tax reform and real estate, key deductions still matter

Pro-growth tax policy is yielding tangible benefits for homeowners and small businesses, reflecting the impact of recent tax reforms.
#social-security
from24/7 Wall St.
2 days ago
Retirement

Social Security Benefit Cut Timeline: What Workers Today Need to Know

Social Security faces a financial shortfall, with potential benefit cuts expected as early as 2032 due to reduced revenue from tax deductions.
from24/7 Wall St.
3 days ago
Retirement

Did Taxes on Social Security Actually Go Away? Here's the Real Story

Most seniors now avoid taxes on Social Security benefits due to a new deduction, but taxes still exist for higher earners.
Retirement
from24/7 Wall St.
2 days ago

Social Security Benefit Cut Timeline: What Workers Today Need to Know

Social Security faces a financial shortfall, with potential benefit cuts expected as early as 2032 due to reduced revenue from tax deductions.
Retirement
from24/7 Wall St.
3 days ago

Did Taxes on Social Security Actually Go Away? Here's the Real Story

Most seniors now avoid taxes on Social Security benefits due to a new deduction, but taxes still exist for higher earners.
fromwww.berkeleyside.org
2 days ago

Layoffs, service cuts, sales tax hike: How Berkeley plans to close a nearly $30M budget deficit

Without the half-percent sales tax increase, which would generate an estimated $9 million per year for the city's general fund if voters approve it this November, Berkeley could face deeper cuts including shuttering a fire station, laying off police officers and reducing hours at city pools and recreation centers.
East Bay real estate
Travel
fromFortune
4 days ago

Americans are credit card-maxxing tax season with sign-up bonuses while half the country relies on their refund to catch up on bills | Fortune

High sign-up bonuses on credit cards are prompting some Americans to pay taxes with new cards for points, but this strategy carries risks.
#healthcare
fromwww.theguardian.com
5 days ago
Public health

Trump's new budget ignores dying Americans and gives away record sums to the US military

Americans face high avoidable deaths due to inadequate healthcare access and rising costs, with significant budget cuts proposed for health services.
fromwww.mediaite.com
2 days ago
Healthcare

That's Laughable!' Democrat Goes Off On Trump OMB Director's Reasoning For 15 Million Americans Losing Healthcare

Rep. Brendan Boyle challenged OMB Director Russell Vought on healthcare coverage loss for millions due to Trump's policies during a House Budget Committee hearing.
Public health
fromwww.theguardian.com
5 days ago

Trump's new budget ignores dying Americans and gives away record sums to the US military

Americans face high avoidable deaths due to inadequate healthcare access and rising costs, with significant budget cuts proposed for health services.
Healthcare
fromwww.mediaite.com
2 days ago

That's Laughable!' Democrat Goes Off On Trump OMB Director's Reasoning For 15 Million Americans Losing Healthcare

Rep. Brendan Boyle challenged OMB Director Russell Vought on healthcare coverage loss for millions due to Trump's policies during a House Budget Committee hearing.
from24/7 Wall St.
5 days ago

Clark Howard Says Congress Passed a Law That Specifically Punished People for Giving Money to Charity

The law did not eliminate the charitable deduction in name. It rendered it functionally useless for anyone who does not already have enough deductions to clear the standard deduction threshold on their own.
Fundraising
Business
fromFast Company
1 day ago

Why people can't build wealth on wages alone, and what to do about it

Rising inequality and ownership are central to addressing the affordability crisis and ensuring prosperity during technological revolutions.
San Francisco
fromPadailypost
1 week ago

Opinion: How to convince voters to raise taxes? Cry wolf

Bay Area leaders are using fear tactics to push for a half-cent sales tax increase for mass transit, framing it as a citizen initiative.
US politics
fromThe Atlantic
2 days ago

America's Insane Tax-Filing Process

The U.S. tax system requires individuals to file taxes themselves despite the IRS having most necessary information.
NYC politics
fromCity Limits
1 week ago

Opinion: Corporate Democrats Who Refuse to Tax the Rich Are Protecting Their Donors. Vote Them Out.

New leaders are needed to advocate for working people and reform New York's inequitable tax system.
US Elections
fromFortune
3 days ago

Americans rate Trump's tax cuts a loser as most believe they're still too high | Fortune

Most Americans believe their taxes are too high, with rising discontent despite recent tax law changes.
Right-wing politics
fromwww.mediaite.com
2 days ago

GOP Senator Argues His Party Deserves to Lose the Majority: We've Gotten One Bill Passed'

Sen. Tommy Tuberville criticized Republicans for failing to maintain their majority in Congress and highlighted issues affecting rural communities.
#trump
US politics
fromFortune
1 day ago

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer | Fortune

Trump's ongoing investigation into Powell complicates Warsh's nomination to lead the Fed.
US politics
fromIntelligencer
2 days ago

Trump Steers Right Into Damaging Feud With Jerome Powell

Trump threatens to fire Federal Reserve Chairman Jerome Powell if he does not resign by the end of his term.
US politics
fromFortune
1 day ago

Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer | Fortune

Trump's ongoing investigation into Powell complicates Warsh's nomination to lead the Fed.
US politics
fromIntelligencer
2 days ago

Trump Steers Right Into Damaging Feud With Jerome Powell

Trump threatens to fire Federal Reserve Chairman Jerome Powell if he does not resign by the end of his term.
Higher education
fromwww.businessinsider.com
5 days ago

Trump's Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn't succeed.

The federal student-loan portfolio is being transferred to the Treasury Department, raising challenges for borrowers, especially those in default.
Social justice
fromwww.theguardian.com
2 weeks ago

Billionaire fortunes have reached all-time highs under Trump. So has the movement to tax them

A proposed 5% wealth tax on California's billionaires aims to fund public services and education, reflecting growing support for taxing the wealthy.
#sp-500
fromFortune
1 day ago
Business

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune

The S&P 500 reached a new high despite economic uncertainty caused by the Iran war, highlighting a divergence between Wall Street and Main Street.
from24/7 Wall St.
6 days ago
Business

Not All the Signals Are Bearish Under President Donald Trump - Here's What Bulls Are Watching

S&P 500 saw a 12.8% return from Election Day 2024 to April 10, 2026, driven by strong corporate earnings and supportive policies.
Business
fromFortune
1 day ago

Americans have never been this gloomy about the economy. Wall Street has never cashed in harder | Fortune

The S&P 500 reached a new high despite economic uncertainty caused by the Iran war, highlighting a divergence between Wall Street and Main Street.
Business
from24/7 Wall St.
6 days ago

Not All the Signals Are Bearish Under President Donald Trump - Here's What Bulls Are Watching

S&P 500 saw a 12.8% return from Election Day 2024 to April 10, 2026, driven by strong corporate earnings and supportive policies.
US Elections
fromwww.theguardian.com
2 days ago

Trump's push to cut interest rates has echoes of banana republic', says Yellen

Janet Yellen criticized Trump's call for lower interest rates, likening it to banana republic practices that could lead to inflation.
Retirement
fromEntrepreneur
3 days ago

More Taxpayers Are Cheating. Here's Why 'The IRS Isn't Going to Catch Me' Is the New Strategy.

IRS workforce reductions lead to decreased audits and increased taxpayer noncompliance, costing the government significantly in revenue.
European startups
fromFortune
6 days ago

'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans. | Fortune

The Supreme Court's ruling on tariffs may lead to $166 billion in refunds for U.S. importers, but many companies face financial struggles.
#federal-reserve
US politics
fromwww.theguardian.com
1 day ago

Senate Democrats move to stall Trump's absurd' bid to install new Fed chair

Democrats are opposing Trump's nomination of Kevin Warsh for Fed chair amid ongoing criminal investigations into current Fed members.
Business
fromnews.bitcoin.com
6 days ago

Analyst Says Federal Reserve Is Ignoring US Recession Signals in 2026

The Fed risks a historic policy error by maintaining rates amid slowing GDP and consumer spending, according to QI Research CEO Danielle DiMartino Booth.
US politics
fromwww.theguardian.com
1 day ago

Senate Democrats move to stall Trump's absurd' bid to install new Fed chair

Democrats are opposing Trump's nomination of Kevin Warsh for Fed chair amid ongoing criminal investigations into current Fed members.
Business
fromnews.bitcoin.com
6 days ago

Analyst Says Federal Reserve Is Ignoring US Recession Signals in 2026

The Fed risks a historic policy error by maintaining rates amid slowing GDP and consumer spending, according to QI Research CEO Danielle DiMartino Booth.
Washington DC
fromTruthout
1 week ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
fromFuturism
5 days ago

Billionaire Says Insider Trading Should Be Fully Legalized

"I'm in favor of not having any rules against insider trading. I would like all the information out there as soon as it's available. Because look, as a society, we are better off knowing as soon as possible anything that is knowable."
Business
US Elections
fromABC7 Los Angeles
2 days ago

It's Tax Day. Ahead of deadline, 53M filers used new Trump tax exemptions, Treasury says

Millions of Americans utilized new tax breaks, but many still feel their taxes are too high despite the Republican tax law.
US news
fromwww.npr.org
2 weeks ago

Trump calls for a major increase in defense spending alongside cuts in domestic spending

Trump requests $1.5 trillion for defense spending, prioritizing military investments over domestic programs amid significant national debt concerns.
US politics
fromwww.theguardian.com
2 days ago

Republicans struggle to highlight Trump's cuts as Americans see little effect on Tax Day US politics live

Republicans are promoting tax cuts as political capital, but modest refund increases may undermine their impact ahead of elections.
Business
fromFortune
5 days ago

Turns out the American middle class didn't die. It got richer-and felt poorer | Fortune

Affluent Americans in 2026 experience a sense of unease despite material wealth, reflecting a structural shift in the economy and perceptions of prosperity.
World news
fromJezebel
4 weeks ago

No One Is Coming to Save the Economy

The Iran war has triggered a significant energy crisis, impacting global markets and inflation rates.
US politics
fromThe Verge
2 days ago

The Senate is voting to save free IRS Direct File today

The Senate is set to vote on the IRS Direct File Act to reinstate free tax filing services for Americans.
fromPOLITICO
5 days ago

Tax Day is the GOP's focus as Congress returns to war, shutdown and other challenges

"My constituents are saving thousands of dollars and they know it. Republicans can and should take credit because the alternative would've been massive tax hikes under the Democrats had they won the 2024 election."
US Elections
Right-wing politics
fromEsquire
2 weeks ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
US politics
fromAxios
3 days ago

Scoop: Collins plans to grill six Cabinet officials on Trump's budget

Bipartisan appropriations talks are being encouraged as an alternative to reconciliation for funding government agencies.
SF politics
fromFortune
4 weeks ago

The U.S. just hit $39 trillion in debt. Here's the constitutional fix that Congress won't touch | Fortune

The U.S. House failed to pass a Balanced Budget Amendment as federal debt surpasses $39 trillion, raising concerns about fiscal responsibility.
US politics
fromwww.theguardian.com
3 days ago

Trump pick to lead Federal Reserve has assets worth over $100m, disclosures indicate

Kevin Warsh's financial disclosures reveal assets exceeding $100 million, including significant investments and commitments to divest if confirmed as Federal Reserve governor.
US politics
fromTruthout
4 days ago

As Trump SAVE America Act Stalls in Congress, Red States Pass Their Own Versions

GOP states are enacting stricter voter registration laws despite federal bill delays, potentially hindering access for marginalized groups.
#national-debt-crisis
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
US politics
fromwww.businessinsider.com
6 days ago

What bets are lawmakers and staffers making on prediction markets? They're not required to tell us.

Federal officials must disclose stock trades, but prediction market trades lack similar transparency, raising concerns about insider trading.
US Elections
fromFast Company
3 weeks ago

Americans expecting bigger tax refunds from Trump this year will likely spend them on gas

Spiking gas prices are expected to consume tax refunds, limiting extra spending for most Americans.
Boston real estate
fromwww.housingwire.com
1 month ago

Democrats propose bill targeting corporate housing tax breaks

Democrats introduce legislation to restrict institutional investors and hedge funds from bulk-purchasing single-family homes to address housing affordability crisis and preserve homeownership opportunities.
#tariff-refunds
Intellectual property law
fromFortune
1 month ago

Finance leaders divided on using potential tariff refunds-just 18% would fully roll back price hikes | Fortune

Corporate executives remain divided on tariff refund strategies and are reluctant to reduce prices despite potential cost relief from Supreme Court rulings.
fromFortune
1 month ago
Miscellaneous

'Why shouldn't we get our money back too?' Normal people are starting to demand Trump tariff refunds | Fortune

Intellectual property law
fromFortune
1 month ago

Finance leaders divided on using potential tariff refunds-just 18% would fully roll back price hikes | Fortune

Corporate executives remain divided on tariff refund strategies and are reluctant to reduce prices despite potential cost relief from Supreme Court rulings.
fromFortune
1 month ago
Miscellaneous

'Why shouldn't we get our money back too?' Normal people are starting to demand Trump tariff refunds | Fortune

Business
fromFortune
1 month ago

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns | Fortune

By 2031, U.S. federal debt interest rates will exceed economic growth rates, triggering a self-reinforcing debt spiral where deficits cause debt to grow indefinitely.
US news
fromJezebel
1 month ago

It's Officially Time to Worry About Trump's Economy

The U.S. lost 92,000 jobs in February with January revised downward, showing a troubling trend of negative job growth in three of the last seven months despite unemployment remaining at 4.4%.
US politics
fromAxios
3 weeks ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
US politics
fromFortune
3 weeks ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
Public health
fromFortune
1 month ago

Health care spending is surging just as Trump's tax cuts crippled its funding | Fortune

Federal health care spending has become the largest federal expenditure category, projected to reach $26 trillion through 2036, with Medicare costs doubling and threatening fiscal stability.
US politics
fromFortune
4 weeks ago

The Trump Administration's proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns | Fortune

The Trump Administration is considering capital gains tax indexation that could add $170-$950 billion to the national debt by 2035, raising concerns about deficit spending amid record debt levels.
US politics
fromFast Company
1 month ago

Democrats warn Trump's tariffs will cost American households more than $2,500 in 2026

Trump administration plans new tariffs to replace revenue lost from Supreme Court ruling, potentially costing American households $2,512 annually by 2026, a 44% increase from 2025 costs.
#federal-deficit
fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

US politics
fromFlowingData
2 months ago

Tariff revenue is nowhere close to enough

A unit-square visualization shows claimed tariff revenues cannot cover added governmental expenses as billion-dollar squares exceed available funds.
US politics
fromTruthout
2 months ago

Who Gained the Most During Trump's First Year? Billionaires and Corporations.

Major industries and billionaire leaders profited from Trump's first year through deregulation, political donations, and policies favoring Wall Street, Big Tech, Big Oil and crypto.
fromFortune
2 months ago

Trump's economy is the 'least conservative' in a lifetime, top economist warns. 'Our kids will feel it in a set of lost opportunities' | Fortune

"It's the least conservative government of my lifetime." Wolfers, who the IMF once named one of 25 young economists in the world "shaping the way we think about the global economy," said that Trump's undermining of federal institutions' independence and propensity to insert himself in private sector decisions is reorienting the economy away from a productive and predictable path. The result, Wolfers warned, could be a generation of missed opportunities and lost growth.
US politics
US politics
fromFortune
2 months ago

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

U.S. national debt will rise to 120% of GDP by 2030, surpassing the World War II peak and severely constraining fiscal flexibility.
US politics
fromFortune
2 months ago

Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm, mostly for higher-income people, BofA says | Fortune

OBBBA will boost 2026 tax refunds by about $65 billion, disproportionately aiding middle- and higher-income households and worsening the U.S. K-shaped economic divide.
US politics
from24/7 Wall St.
2 months ago

Trump Administrations New Tax Rule Puts Social Security at Risk

A new $6,000 senior standard deduction boost in 2026 increases short-term senior tax savings but accelerates Social Security trust fund depletion by roughly six months.
US politics
fromThe Nation
2 months ago

Don't Let Trump Fool You. The Economy Is Bad, and He Is to Blame.

The Trump administration's economy shows weak job growth, with recent stronger-than-expected hiring concentrated in healthcare, undermining claims that mass deportations caused employment declines.
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