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Government budget deficits

Trump’s plan to cut taxes on Social Security could threaten benefits

by Adrian Jhonsan
Trump’s plan to cut taxes on Social Security could threaten benefits

Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally in Harrisburg, Pennsylvania, U.S., July 31, 2024. Elizabeth Frantz | Reuters Trump’s plan could move insolvency for …

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How Social Security benefits may change under Republican, Democrat proposals

by Adrian Jhonsan
How Social Security benefits may change under Republican, Democrat proposals

South_agency | E+ | Getty Images House Republicans unveiled a plan this week that calls for raising the Social Security retirement age. Meanwhile, Democrats and advocates for the program are …

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Categories World

What to expect in 2024 State of the Union

by Adrian Jhonsan
What to expect in 2024 State of the Union

President Joe Biden delivers the State of the Union address to a joint session of Congress on Feb. 7, 2023 Pool | Getty Images How Democrats propose tackling Social Security’s …

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U.S. deficit tops half a trillion dollars in first quarter of fiscal year

by Adrian Jhonsan
U.S. deficit tops half a trillion dollars in first quarter of fiscal year

US President Joe Biden, with Treasury Secretary Janet Yellen, speaks during a meeting with his cabinet at the White House in Washington, DC, on March 3, 2022. Jim Watson | …

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Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

by Adrian Jhonsan
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial …

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Germany slides deeper into budget crisis. Here’s what you need to know

by Adrian Jhonsan
Germany slides deeper into budget crisis. Here’s what you need to know

German Chancellor Olaf Scholz (C), Finance Minister Christian Lindner (R) and Economy Minister Robert Habeck give statements to the media following the weekly government cabinet meeting on November 15, 2023 …

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Bond yields could race through 5%, market forecaster Jim Bianco warns

by Adrian Jhonsan
Bond yields could race through 5%, market forecaster Jim Bianco warns

Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in the next couple of weeks. “I don’t think we’re near …

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Indonesia’s China-backed high-speed train sparks concerns of debt trap

by Adrian Jhonsan
Indonesia’s China-backed high-speed train sparks concerns of debt trap

Indonesia is starting trial runs for its first high-speed train, which will connect the capital Jakarta to a neighboring city of Bandung, after years of delays and cost overruns plagued …

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Categories World

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