The federal government spends a lot of money, and a big chunk of it goes to entitlement programs. Elon Musk, a tech billionaire and presidential adviser, recently brought this up in an interview. He pointed out that a large portion of federal spending, around 500 to 700 billion dollars, is used for
The past few weeks have been a rollercoaster ride for the economy. Tariffs with Canada and Mexico have been all over the place. There have been cuts to the federal workforce and fears of a government shutdown. And let's not forget the stock market's wild ride. The Dow Jones Industrial Average took a
The US job market saw a boost in January, with 7. 74 million job openings reported. This increase from December's 7. 51 million shows that employers are feeling more optimistic about hiring. The Bureau of Labor Statistics released this data, which gives a snapshot of the labor market before signific
Senator Bernie Sanders has raised concerns about the future of Social Security. He believes that the current administration, under President Donald Trump, might try to privatize Social Security and reduce benefits for many Americans who rely on it. The future of programs like Social Securit
The U. S. government just made a big move in the world of cryptocurrency. President Trump signed an executive order to create a strategic reserve of Bitcoin. This reserve will be filled with Bitcoin that the government already owns, not new purchases. This news caused a bit of a stir in the crypto c
The crypto world is buzzing with a major announcement from the White House. President Trump has just established a federal stockpile of Bitcoin and other cryptocurrencies. This move is a big deal, marking the first time the U. S. government has recognized digital currencies as a strategic reserve, s
China is facing a serious problem. Its birth rates are dropping fast. This means fewer babies are being born each year. The country's leaders are worried. They see this as a big threat to their economy. The reason is simple. Fewer young people means fewer workers. This could slow down China's econom
New York's prison system faced a major shakeup. Over 2, 000 prison guards were fired for not returning to work after a lengthy strike. This strike, which lasted 22 days, caused significant disruption to the state's correctional facilities. The governor and the state's correctional commissioner decla
Elon Musk is a busy man. He is the CEO of several companies, including Tesla and SpaceX. He is also involved in government work. But on Monday, he faced a big challenge. Tesla's stock price dropped by 15%. This caused Musk's net worth to fall by $29 billion in just one day. That's a lot of mone
The U. S. Agency for International Development (USAID) just went through a major shake-up. In a quick six weeks, the Trump administration cut 83% of its programs. This means 5, 200 out of 6, 200 programs are now gone. Secretary of State Marco Rubio announced this big change on social media. He thank
