Economy
May, 2026
Nearly half of Americans say they are cutting daily expenses to deal with spiking gas prices from Trump’s Iran war
Bessent: “We are cognizant that this short-term blip up in prices is affecting the American people, but I am also confident on the other side of this that prices are going to come down very quickly. If we look at the stock market … “
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.