A centrist think tank and nonprofit advocating for deficit reduction and prudent fiscal policy.
The Social Security retirement fund is projected to exhaust its reserves by 2032. A bipartisan push seeks solutions to extend solvency, with proposals including PROMISE and Social Security 2100 Act. COLA trends show adjustments for 2027 and beyond amid inflation.
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
The government has signalled a new push on England’s social care system, with talks among Labour, Liberal Democrats and Conservative figures seeking a cross‑party consensus. The plan centers on a national care service, better pay for care workers, and a Casey review upgrade, while promising to fund reforms from existing budgets and avoid immediate tax rises.
The US has passed $40 trillion in total public debt, the Treasury has reported, driven by large pandemic-era and recent spending and tax changes. Interest payments have risen sharply and are now a larger budget item than many programmes. Treasury officials argue growth can be managed by stronger economic growth and fiscal consolidation.
Jessica Bowie has been arrested in Albany after an FBI counterterrorism operation foiled her plan to bomb the New York State Capitol using an inert explosive in a DoorDash bag. She has pledged allegiance to ISIS and is under heavy investigation for radicalization online.
Across three major outlets, reporting highlights rising national debt, mounting deficits, and the political consequences as lawmakers grapple with tax reform, spending limits, and entitlement pressures amid a shrinking policy space.
President Donald Trump has promised a $5,000 payment to every adult U.S. citizen if Republicans retain control of both houses in November’s midterms. The White House has provided only a short fact sheet; Republicans, legal experts and budget analysts have questioned the plan’s legality, cost (about $1.2–1.4 trillion) and how it would be funded.
Leaders from multiple publications report that President Trump has pledged to pay $5,000 to every American adult if Republicans retain control of Congress. The pledge has sparked debate over funding, legality, and potential inflation, with critics labeling it a vote-buying gimmick and supporters praising the gesture as economic relief.
The Federal Reserve has raised the federal funds rate by a quarter point to 3.75%-4.0% to tame inflation. The move will ripple through borrowing costs and savers. Credit-card rates, car loans, and mortgage-finance costs are likely to rise, while savers may enjoy higher deposit yields. The hike is the first since July 2023 and follows energy-price pressures.
Trump has pledged a $5,000 payment to every American adult if Republicans win control of Congress, triggering sharp criticism from Democrats and alarm among economists about the plan’s cost and feasibility. The proposal, branded as a “Trump dividend,” would amount to roughly $1.2 trillion and could worsen the deficit. Commentators note prior broken promises and highlight the broader political and economic implications.