Why America’s Soaring Debt Is Biggest Threat to US Dollar Unproductive government borrowing hurts economic growth and drives inflation. Concerns are raised about the sustainability of the debt. 09/13/2024 - 12:11 pm | View Link
Interest payments on the national debt top $1 trillion as deficit swells The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior. 09/12/2024 - 6:09 am | View Link
US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End The US federal budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance. 09/12/2024 - 4:21 am | View Link
Forget interest rates or unemployment. 'Unsustainable' U.S. debt could menace our economy It was the usual parade of shiny objects — explanations for events that change seemingly with the wind or the politics of the observer — while the objective, well-defined threat to the economy remains ... 09/10/2024 - 9:24 pm | View Link
How Harris' and Trump's tax and spending plans affect US debt Vice President Kamala Harris and Republican opponent Donald Trump have floated new tax breaks and spending plans, as they try to win votes by persuading Americans their ideas will do more to ease ... 09/10/2024 - 12:50 pm | View Link
The ‘Hamilton’ creator announced the news on Wednesday at the Fast Company Innovation Festival in New York City.
Grammy-winning superstar Lauryn Hill will headline Lin-Manuel Miranda’s new Warriors concept album, the Hamilton creator announced on stage Wednesday at the 10th annual Fast Company Innovation Festival.
The expansion team will begin to play in 2026.
The WNBA is headed back to Portland, with Oregon’s biggest city getting an expansion team that will begin play starting in 2026. The team will be owned and operated by Raj Sports, led by Lisa Bhathal Merage and Alex Bhathal. They paid $125 million for the franchise.“This is huge for Portland.
It is estimated that Storm-1516’s video, which circulated on social media, has been viewed more than 2.7 million times.
A false claim circulating on social media that Democratic presidential candidate Kamala Harris left a 13-year-old girl paralyzed after an alleged hit-and-run in San Francisco in 2011 is the work of a covert Russian disinformation operation, according to new research by Microsoft.
By CORA LEWIS
NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
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The central bank is acting because, after imposing 11 rate hikes dating back to March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing.
Travelers have their opinions about which airports they like to travel through—and which just aren’t cutting it for them.
As part of the 2024 J. D. Power North America Airport Satisfaction Study, travelers rated airports based on customer satisfaction in categories, including: ease of travel, terminal facilities, airport staff, and more.
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The Minneapolis-Saint Paul International Airport took first place in a ranking of passenger satisfaction among mega airports—which are those with 33 million or more passengers a year.
A new law, effective immediately, makes it illegal to create and publish deepfakes related to elections 120 days before Election Day and 60 days thereafter.
California Gov. Gavin Newsom signed three bills Tuesday to crack down on the use of artificial intelligence to create false images or videos in political ads ahead of the 2024 election.