Soaring U.S. debt is causing Treasury bonds to lose their risk advantage over other securities, making it more expensive to borrow money, the International Monetary Fund warned. Treasuries have long enjoyed the status as the world’s top safe haven asset. But annual budget deficits are now at $2 trillion, rapidly piling on to the $39…
Americans could be forgiven if they’re unaware that President Trump recently performed one of his most essential tasks and sent his annual budget request to Congress, though months late and stunningly incomplete. After all, so much else has been dominating the news lately: the Mideast war that Trump promised not to start. Price rises he’d…
The Committee for a Responsible Federal Budget (CRFB) has a ticker on its website: The Retirement Trust Fund Countdown. At the time of writing, it stands at six years, seven months, five days, seven hours, 28 minutes, and eleven seconds. This, the CRFB says, is when the Social Security program’s funds will be exhausted, and…