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The Congressional Budget Office published two higher-interest-rate scenarios on October 8, and the bond market is already more than halfway to the worse one. CBO’s February baseline assumed the 10-year Treasury yield would average 4.3% from 2026 to 2036. The …
The Social Security Administration announced on October 14 that benefits will rise 3.6% in 2027, the largest cost-of-living adjustment since …
The Pentagon’s latest estimate puts the cost of the war with Iran at $43.6 billion as of September 3. Of that, $11.2 billion has been spent …
CBO projects the Highway Trust Fund’s highway account will run out of money in fiscal 2028 and its transit account in 2027. Congress hasn’t …
The federal government spent $1.143 trillion on net interest in fiscal 2026, according to the Congressional Budget Office’s monthly review …
For three months in 2026, the US government collected less in customs duties than it paid back. Net customs receipts were minus $0.04 …
On September 29, 2026, Gen. Michael Guetlein told a Senate Armed Services subcommittee that an initial version of Golden Dome, the planned …
Fannie Mae and Freddie Mac, the two companies that guarantee about half of US mortgages, remain in government conservatorship 18 years after …
Between October 2025 and May 2026, the federal government spent $722.7 billion on net interest and $630.9 billion on national defense, …
The US federal debt limit stands at $41.1 trillion. The July 2025 budget reconciliation law raised it by $5 trillion. That bought about two …
