The U.S. national debt crossed the $37 trillion mark for the first time, according to PANews, as fiscal challenges continue to mount. This latest milestone was recorded on […]
US Deficit Rises to $1.626 Trillion, Impacting Fiscal Projections for 2025
A new analysis from the Congressional Budget Office (CBO) reveals a significant increase in the US deficit for FY2025. The deficit reached $1.626 trillion between October 2023 and […]
Republican Tax Proposal Threatens ‘Tax Cliff’ by 2028, Sparking Political Debate
A new House bill, proposed by Republicans seeking to make long-term tax provisions permanent, may result in a significant ‘tax cliff’ when President Trump’s term ends in 2028. […]
Trump Proposes $1.6 Trillion Spending Cuts to Drive Economic Growth
Former U.S. President Donald Trump has endorsed a sweeping bill targeting $1.6 trillion in spending cuts, aiming to stimulate economic growth and potentially impact cryptocurrency markets. This proposal, […]
U.S. Customs Tariff Revenue soars 270% in May
May saw a record-breaking $23 billion in customs tariff revenue for the United States, marking a significant surge of 270% compared to last year. This substantial increase follows […]
Scott Bessent Clashes with Democrats over Budget Concerns
During a House Ways and Means Committee hearing, US Treasury Secretary Scott Bessent clashed with Democratic representatives regarding the escalating national deficit. Bessent attributed the significant increase in […]
U.S. Debt Ceiling Deadline Looms This Summer
The U.S. Treasury Secretary, Janet Yellen, has confirmed that the debt ceiling deadline is approaching, likely arriving within the latter half of 2023. The anticipated X-Date will signal […]
Elon Musk Raises Alarm Over U.S. Fiscal Stability
Elon Musk has issued a warning about the potential financial instability of the United States, citing concerns over escalating government debt and its impact on vital programs like […]
Bitcoin Proffered As Solution to Fiscal Crisis, Adam Back Urges Elon Musk to Diversify
Prominent crypto figure Adam Back has encouraged billionaire Elon Musk to invest in Bitcoin as a solution to the looming fiscal crisis. His call came in response to […]
Trump’s Bill: Bitcoin Integration Sparks Debate in US Economy
President Trump’s proposal for innovative fiscal mechanisms has ignited discussions about integrating Bitcoin into US policy. The ‘One Big Beautiful Bill’, as it’s been dubbed, introduces the idea […]
Elon Musk Slams U.S. Government Spending: Impact on Tesla and Market Sentiment
Elon Musk has taken a public stance against excessive U.S. government spending, specifically targeting the recent Congressional bill that threatens EV subsidies crucial to Tesla’s core business. This […]
Elon Musk Raises Concerns About US Debt Accumulation Amid Rising Fiscal Spending
Elon Musk recently voiced concerns about growing US fiscal spending on the X platform (formerly Twitter), suggesting it could potentially lead to a national debt crisis. In his […]
Elon Musk Resigns from Department of Government Efficiency, Potentially Disrupting Fiscal Policy
Elon Musk’s departure from the Department of Government Efficiency (DOGE) has raised concerns about potential disruptions to fiscal policy in Washington. Experts express uncertainty regarding immediate consequences for […]
House Speaker Johnson Defends Debt Limit Bill Amid Republican Criticisms
House Speaker Mike Johnson defended the recently passed bill raising the debt ceiling, arguing it won’t lead to increased government spending despite criticisms from fellow Republicans. Speaking on […]
U.S. Treasury Yields: Fiscal Choices and Global Investor Confidence Drive Trajectory
According to Ipek Ozkardeskaya, strategist at Swissquote Bank, the trajectory of U.S. Treasury yields is shaped by two key factors. Firstly, fiscal decisions made by the United States, […]