Money & The Economy
News on Finance, Money, markets and the economy
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Scott Bessent Reportedly Could Dip Into Rainy Day Fund In Major Escalation Over Gov’t Buybacks
Treasury Secretary Scott Bessent could tap a nearly $1 trillion cash reserve to fund Treasury bond buybacks, giving the Trump…
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The Week Investors Forced Uncle Sam To Confront Government’s Debt Addiction
We’ve all heard stories about interventions for addicts: family and friends draw an addicted loved one into a room and…
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US-Canada Trade Deal Falls Apart In Potential Blow To Auto Industry
The last-minute collapse of a trade deal between the United States and Canada threatens key industries and higher prices for…
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Biden-Era Law That Created Medicare Drug Price Controls Could Hike Up Prices, Analysts Warn
Medicare’s drug price controls could restrict Americans’ ability to access care and potentially drive up costs in the long term,…
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Dollar Sinks As Investors Flock To Gold, Crypto After Scott Bessent’s Treasury Buyback
The U.S. dollar fell Friday as investors continued shifting toward gold and Bitcoin amid growing concerns that Treasury Secretary Scott…
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Walmart Posts Slowest Sales Numbers In Years, Blames Iran War-Driven Gas Prices For Belt-Tightening
Walmart posted its slowest U.S. sales growth in more than six years Thursday as executives pointed to higher gas prices…
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America’s Fiscal Nightmare Just Got Scarier
The U.S. national debt officially crossed $40 trillion Wednesday as soaring deficits, rising interest costs and bond market turmoil added…
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What Is Causing US Prescription Drug Costs To Plummet?
Prescription drug prices in the U.S. recently recorded their largest annual decline in several decades, which experts have attributed to…
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Big Tech Throws Wrench Into Uncle Sam’s Plans To Fund Debt Deluge
Washington is facing a growing challenge in the bond market as investors demand higher returns to lend money to the…
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New Report Shows Just How Bad The Housing Crisis Is
A new report appears to the show the true extent of the U.S. housing crisis. U.S. Department of Housing and…
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America’s Fiscal Demise Could Be Coming Sooner Than You Think
The U.S. federal budget is heading toward a fiscal crisis beginning in 2030, driven by automatic spending obligations and an…
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Economic Alarm That Foreshadowed 2008 Crisis Is Blaring Again
The 30-year U.S. Treasury yield climbed to its highest level since 2007 Monday as investors grew jittery over the federal…
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Nearly One-Third Of Gen Z Steers Clear Of Car Insurance, Survey Finds
A significant share of American drivers have opted to avoid insuring the vehicles they drive amid the rising cost of…
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America Has A Man Problem: When They Leave The Workforce, We All Pay The Price
Too many American men are spending their prime working years outside the workforce, and the cost reaches far beyond lost…
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Gen Z Embraces High-Risk Gambling As Economic Future Darkens, Survey Finds
More members of Generation Z than any other age group are turning to gambling to help achieve financial goals, including…
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