News

Chicago Public Schools is grappling with a massive budget deficit. Here's why
District officials say they expect to save about $165 million after laying off some central office staff and crossing guards ...
Trump’s new budget supercharges the US deficit. Here’s how we dig out | Opinion
The richest 1% of Americans hold 31% of our total wealth. In 1968, it was about 20%, and they paid higher taxes. | Opinion ...
One Big Back Breaker: Trump law to COST millions their healthcare and add $3T in debt while rich see tax cuts
It's actually almost unheard of ... that juxtaposition of taking from the poor while giving to the rich,” one analyst said ...
The US Treasury shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history
That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the ...
Trump's big budget law will add this much to the deficit, according to a new estimate
President Donald Trump's One Big Beautiful Bill Act will add $3.4 trillion to the federal budget deficit over the next decade, according to a new estimate of the massive package that extends the 2017 ...
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Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue
As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of ...