Economy
May, 2026
Interest on U.S. debt is becoming a top driver of future deficits, as the sheer size of past borrowing overwhelms the fiscal outlook
Gas prices in the US have moved up to $4.46 per gallon, their highest level since July 2022. The 50% spike over the last 9 weeks ($2.98/gallon to $4.46/gallon) is the biggest we’ve seen in the past 30 years.
Loeffler on high gas prices: “We continue to give relief in other areas, cutting $6 trillion in regulations that the Biden administration put in place. So the list goes on and on of the relief that we are providing to the American people in real time.”
We have arrived! The national debt now exceeds the earnings of every US worker, corporation, hospital, university, and farm in America. What’s next?