The national debt is a hot topic, and for good reason. It's growing, and that's a problem we can't ignore. Mary Childs, a journalist from Planet Money, recently shared her thoughts on why we should be concerned about this issue. In a recent discussion, Childs joined a panel that included Felix Salmon, Elizabeth Spiers, and Emily Peck. They talked about why the usual...
President Donald Trump recently took to Truth Social to criticize Elon Musk, suggesting that the Department of Government Efficiency (DOGE) should review the subsidies given to Musk's companies. Trump claimed that Musk receives more subsidies than anyone in history and that without them, Musk's businesses might struggle. He even hinted that DOGE might need to "go bac...
The political scene in the US is heating up as some Republicans in the Senate are pushing back against the president's spending plans. They want to see serious cuts to government spending and a reduction in the national debt. If they don't get what they want, they're threatening to block a major tax-cutting bill that Trump has been pushing for. The bill, which is a ...
Africa's most populous nation, Nigeria, is grappling with a significant national debt. This is not just a government issue. It also affects the private sector, which is crucial for the economy. The private sector is the engine of growth. It creates jobs and drives innovation. However, it faces many challenges. These include a tough business environment and limited ac...
At his Senate confirmation hearing, Scott Bessent, President Trump's pick for the Treasury, revealed a worrying trend in the U. S. economy. he doesn't think America has a revenue problem, but rather, a severe spending issue. Bessent explained that this very problem prompted him to leave his quiet job and join Trump’s campaign. A mix of soaring borrowing costs, ongoi...
Donald Trump has big plans for the U. S. economy, including tax cuts and other initiatives. But there’s a big problem: the national debt is huge, and it’s getting more expensive to pay it back. High interest rates and the cost of servicing the debt are making it tough for Trump to deliver on his promises. The debt is now around $36 trillion, and the cost of repaying ...
Imagine running out of gas while trying to escape a hurricane. That's the scary reality for many Floridians as Hurricane Milton, a Category 4 storm, heads their way. Over 1,600 gas stations in the state have run out of fuel due to panic buying. People are topping off their tanks, which actually makes the shortage worse. The storm is set to hit the Gulf Coast tonight ...
Vice President Kamala Harris and former President Donald Trump are both making big promises to voters. Harris wants to make housing and healthcare more affordable, while Trump aims to support manufacturers and give tax relief. But these plans come with a hefty price tag. A new study says that Harris' ideas would add $3.5 trillion to the national debt over the next de...
Both Kamala Harris and Donald Trump have ambitious economic plans for the future. Harris focuses on extending tax cuts, expanding credits, and bolstering public services, with a price tag of around $9.7 trillion. She aims to offset these costs with increased taxes on corporations and wealthy individuals, though not fully covering the expenses. Trump's agenda includes...
The idea of a utopian society has been a recurring theme throughout human history. From Thomas More's 16th-century concept of a perfect society to John Lennon's 1971 anthem "Imagine," people have dreamed of a world where everyone gets along, poverty and war are eradicated, and humanity lives in harmony. However, all attempts to create such a society have ultimately f...