Category: National Debt (US)

High Prices Haunt Trump and the GOP on Eve of the Midterms

The New York Times – Business:
A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.
Corporate Tax Revenue Falls Even as Profits Soar Under Trump

The New York Times – Business:
The annual decline was about $70 billion. Companies are writing off billions in A.I. investments, taking advantage of tax cuts that President Trump signed into law.
U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

The New York Times – Business:
Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.
10 Ways to Explain Why Interest Rates Are So High

The New York Times – Business:
If you can’t pin down why something’s happening, you don’t have much hope of fixing it.
Bessent and Warsh Take On the Bond Bears

The New York Times – Business:
The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.
The World Economy Is Becoming Wary of the U.S.

The New York Times – Business:
America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.
Bessent Defends Faltering Bond Market Intervention

The New York Times – Business:
Testifying before Congress, the Treasury secretary said that he supported giving Americans $5,000 dividends if Republicans win in November.
Bond Market Rebukes Bessent by Sending Borrowing Costs Ever Higher

The New York Times – Business:
The Treasury secretary dared “Bloomberg terminal bros” to bet against him and they did.
10-Year Treasury Yield Reaches 5%, Highest Level in Years

The New York Times – Business:
One of the world’s most important interest rates hit a level recorded only once since the global financial crisis, as investors continued to rebuff the Trump administration’s efforts to sway the bond market.
Some Republicans Balk at Trump’s $5,000 ‘Dividend’ Offer

The New York Times – On the Runway:
The president’s call to send a $5,000 “dividend” to every American adult if Republicans win the midterms disturbed some members of his party.
High Debt and Rising Prices Catch Up to Trump, as Midterms Near

The New York Times – Business:
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
In Trump’s Washington, Ballooning National Debt Stirs Little Action

The New York Times – On the Runway:
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.