Economy falls off the list of top concerns for the first time this year: Survey
Recent polling indicates that, for the first time this year, economic concerns are no longer the top priority for most voters. According to a new Quinnipiac University National Poll released Thursday, the protection of democracy in the U.S. has emerged as the foremost issue, with 24% of participants citing it as their main concern, while […]
New data reveals that the US economy contracted more quickly than anticipated.
GDP Growth Decline in First Quarter The gross domestic product (GDP) growth for the first quarter took a dip this Thursday, a trend that surprised many economists, primarily due to a drop in consumer spending. Currently, GDP sits at 0.5% on an annual basis, which is 0.3 percentage points lower than the previous measurement from […]
Job search platforms CareerBuilder and Monster file for Chapter 11 bankruptcy
The company that operates Monster and CareerBuilder has voluntarily filed for Chapter 11 bankruptcy in Delaware. On Tuesday, it was announced that “We have initiated a court-supervised sales process aimed at maximizing value, preserving jobs, and smoothly transitioning business ownership.” CEO Jeff Furman stated, “For over 25 years, we’ve been a respected global leader in […]
Experts caution that Trump’s large bill may have a minimal effect on the economy.
The Senate’s version of President Trump’s domestic policy bill may not meet the ambitious goals set for economic growth and fiscal responsibility, according to economists. While different from the House’s proposal submitted in May, the Senate’s bill retains a similar overall structure, highlighting Trump’s tax cuts as a primary feature. Republicans assert that this measure […]
House Republicans approve initial funding bill for fiscal year 2026
House Republicans Approve Financial Bill for Fiscal Year 2026 On Wednesday, House Republicans moved forward with the first financial bill for fiscal year 2026, allocating over $450 billion for the Department of Veterans Affairs (VA), military construction, and various programs. The vote, which leaned heavily along party lines, saw only two Democrats—Jared Golden from Maine […]
Trump’s budget director receives criticism from both parties in Senate over DOGE cuts
White House Budget Chief Faces Opposition Over Proposed Cuts The White House budget director, Flussel, encountered pushback from both political parties on Wednesday as he urged senators to approve approximately $9 billion in cuts to foreign aid and public broadcasting funds. Flussel testified before the Senate Appropriations Committee to support a special request from the […]
Bondi and Merkley clash over dinner featuring Trump meme coin
On Wednesday, Attorney General Pam Bondy was in a tense exchange with Sen. Jeff Markley (D-Ore.) during a Senate Budget Committee hearing. Markley raised concerns about the foreign influence tied to President Trump’s recent dinner for major investors in the Trump Token cryptocurrency. The senator has been vocal about his worries regarding Trump’s connections to […]
Powell supports the Fed’s cautious strategy in response to Trump’s remarks and pressure from the GOP
Federal Reserve Chairman Jerome Powell addressed concerns from Senate Republicans and criticism from President Trump regarding the central bank’s hesitance to lower interest rates. During his testimony before the Senate Banking Committee, Powell responded to pressure from GOP senators and allegations of political bias within the Fed. He acknowledged the potential effects of Trump’s tariffs […]
Two million student loan borrowers face potential wage garnishment: Analysis
Recent estimates from Transunion reveal that around 2 million student loan borrowers risk missing payments this summer. Approximately 6 million federal student loan borrowers have fallen behind, with over 90 days of missed payments. A significant portion of them, about a third, could default as soon as next month, as noted in an analysis released […]
US may face a debt default from August to early October, analysis reveals
The federal government may face a default on its obligations this summer or early fall unless Congress takes action regarding the debt ceiling, according to new analysis. The Bipartisan Policy Center (BPC) has indicated that if Congress remains inactive, the so-called “X-Date” could likely fall between August 15 and October 3. “Congress must tackle the […]