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jacobinmag.com | ||
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jacobin.com
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| | | | | What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk. | |
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www.jurist.org
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| | | | | Medicaid, the public health insurance program that covers more than 80 million low-income people in the US, is once again on the chopping block. A federal budget proposal currently under consideration... | |
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www.pbs.org
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| | | | | Without permanent relief, many Americans are stuck with thousands of dollars of debt, hindering their abilities to plan for the future and invest in assets that would help grow intergenerational wealth. | |
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www.gao.gov
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| | | Increased federal spending in response to COVID-19, as well as rising interest rates, have added to our nation's financial woes. At $2.8 trillion, the FY 2021 budget deficit was the second largest in history-just short of the FY 2020 deficit of $3.1 trillion. These historically large deficits were due primarily to the economic disruptions caused by COVID-19-which decreased revenues in FY 2020-and the additional spending by the federal government in response to help the nation recover from the pandemic. | ||
