Republican Senate tax bill would add $3.3 trillion to the US debt load, CBO says
The changes made to President Donald Trump’s big tax bill in the Senate would pile trillions onto the nation’s debt load while resulting in even steeper losses...
Nearly 12 million Americans to lose health coverage under Trump’s budget bill, CBO warns
The sweeping budget bill backed by President Donald Trump and Senate Republicans is projected to strip health insurance from nearly 12 million Americans over the next decade, according to...
US labor market softening as more people remain on unemployment rolls
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire...
GDP data shows U.S. economy shrank more than previously thought in early 2025
The U.S. economy shrank faster than previously thought during the first three months of 2025, with growth contracting for the first time in three years. ...
US consumer confidence weakens on job market worries
U.S. consumer confidence unexpectedly deteriorated in June as households increasingly worried about job availability, another indication that labor market conditions were softening against the backdrop...
Stocks rally and oil tumbles as Wall Street hopes for a limited retaliation after US strikes on Iran
U.S. stocks rallied, and the price of oil tumbled Monday on hopes that Iran will not disrupt the global flow of crude, something that would...
What a difference a week makes: Trump falls into the Netanyahu trap
When he was elected, Donald Trump suggested he could hammer out a new relationship with Benjamin Netanyahu, the Israeli prime minister who was used to getting...
Alarm grows after the US inserts itself into Israel’s war against Iran with strikes on nuclear sites
The world grappled Sunday with the United States inserting itself into Israel’s war by attacking Iranian nuclear sites, an operation that raised urgent questions about what remained of...
America’s economy could face a war shock
As if a global trade war wasn’t enough for businesses and consumers to contend with, it’s looking increasingly like the Israel-Iran conflict could reach the brink of...