The Bipartisan Policy Center estimates that the so-called X-date could fall between mid-July and early October if Congress does not lift or suspend the nation’s debt limit.
Category: Federal Budget (US)
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Trump Says a Recession Would Be Worth It, but Economists Are Skeptical
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.
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Trump and DOGE Create Anxiety but Opportunity for Federal Contractors
By cutting federal employees, the Trump administration may increase its reliance on firms that take in billions through government contracts.
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Investors Thought They Could Control Trump. They Were Wrong.
On Tuesday, President Trump sent markets into another tailspin by announcing additional tariffs on Canada, suggesting a falling stock market is no longer the bulwark investors had hoped.
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
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PCE Report Showed Inflation Eased Slightly in January
The central bank wants to see further progress that price pressures are easing before it lowers interest rates again.
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GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor
The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.
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Markets and Corporate America Are Unfazed by Washington Chaos, for Now
The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the math will work out.
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Elon Musk’s Oval Office Talk Dispels Doubts About His Power
Dispelling doubts, the billionaire showed off his unprecedented power to disrupt and remake the government — with President Trump’s blessing.
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Senate Confirms Russell Vought as Office of Management and Budget Director
Mr. Vought, an architect of Project 2025 who served in the first Trump administration, will be at the center of President Trump’s plans to upend the federal bureaucracy.
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.