Economy
May, 2026
You had a miserable 2025 because of tariff inflation. The Iran war will be even worse, top economist says
“Any semblance of fiscal responsibility” was abandoned two decades ago, says budget watchdog, and challenges Congress to cut deficit levels by half
Trump said US will be ‘taking over’ Cuba ‘almost immediately’
For the first time ever, the U.S. is spending more on interest payments ($1.22T) than on national defense ($1.17T). The cost of past debt now exceeds the cost of protecting the nation. The bill for decades of borrowing has come due.