Americans’ faith in institutions has been sliding for years. The chaos in Congress isn’t helping
WASHINGTON (AP) — For many Americans, the Republican dysfunction that has ground business in the U.S. House to a halt as two wars rage abroad...
Another Black Monday May Be Around the Corner
By John Greenwood and Steve H. Hanke The Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a...
Government Bubble Bust: Treasury Bond Investors Have Been Taking a Historic Beating
Long-term bond investors are increasingly reluctant to lend to the U.S. government, possibly due to its excessive borrowing. Despite facing significant market losses, political discussions...
The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
As Social Security faces shortfall, some propose investing in stocks
Wand_prapan | Istock | Getty Images The trust funds that Social Security relies on to pay benefits are “rapidly heading to zero,” according to the...
Bond Vigilantes Powerless Against America's Soaring Debt
In the early ’90s, rising bond yields due to budget deficits influenced Washington’s fiscal decisions. Now, despite a $1.5 trillion budget deficit and soaring federal...
U.S. is weaker now than when we downgraded in 2011
Washington, D.C. – March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S....
Can the U.S. Economy Survive Four Simultaneous Shocks at Once?
The U.S. economy is facing simultaneous threats: potential auto worker strikes, a possible government shutdown, the resumption of student loan payments, and rising oil prices....
Oil to hit $100? Analysts expect a return to triple digits before 2024
In an aerial view, oil storage tanks are shown at the Enterprise Sealy Station on August 28, 2023 in Sealy, Texas. Brandon Bell | Getty...
Massive $2 Trillion Deficit Expected in Fiscal 2023
Washington faces a spending showdown, but the fiscal year ending this month brings a dire reality – a projected $1.7 trillion deficit, roughly $13,500 per...