The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.
Category: Budgets and Budgeting
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In Trump’s Washington, Ballooning National Debt Stirs Little Action
The New York Times – On the Runway: -
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The New York Times – Business:President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
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An A.I. Tax Boom Could Curtail America’s Debt. But Not Solve It.
The New York Times – Business:The consequences of A.I. for the budget will largely hinge on whether — and to what extent — the technology reshapes the labor market.
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As A.I. Data Centers Spread, Pressure Mounts to Share Profits
The New York Times – Business:Policymakers around the country are maneuvering to ensure that tech giants aren’t the only ones who stand to benefit.
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How a Drone ‘Hellscape’ Might Stop a Chinese Invasion of Taiwan
The New York Times – On the Runway:Inspired by Ukraine’s battlefield gains, Taiwan is betting on drones to deter a potential Chinese invasion.
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Mamdani May Need to Find $5 Billion More a Year for Free Child Care
The New York Times – On the Runway:A new report by the Center for New York City Affairs projected that a child care system for all children under 5 could cost the city about $9 billion a year.
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Inflation Accelerated in May as Iran War Pushed Up Prices
The New York Times – Business:A closely watched measure of inflation ticked up as the conflict in the Middle East inflated energy prices.
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Xi Jinping Quit Smoking. China Still Cannot.
The New York Times – Business:China’s tobacco monopoly has become so financially vital to the government that even its powerful leader has failed to curb the country’s smoking habit.
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Senate Ruling Threatens Ballroom Funding in G.O.P. Budget Bill
The New York Times – Business:Democrats announced Saturday night that the Senate’s top parliamentary referee had determined that the $1 billion provision did not comply with budget rules.
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U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It
The New York Times – Business:The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.