Economy
May, 2026
Nearly half of Americans say they are cutting daily expenses to deal with spiking gas prices from Trump’s Iran war
Rep. John Rose: “Yes, gas prices are high right now, but that’s because the president correctly decided we had to stop Iran, so we’ll have to endure a little pain here”
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