News: Economy

Treasury Report: 2025 Tariffs Shrink U.S. Federal Deficit

The Treasury Department's report attributes a reduction in the 2025 federal deficit to heightened tariff revenue, sparking varied economic debate....

Mortgage Payments Decrease Under Trump's Administration

A CNN report highlights a significant drop in average monthly mortgage payments since President Donald Trump's tenure, with a $260 monthly decrease, e...

Louisiana's LA DOGE Program Approaches $1 Billion in Savings

Louisiana's Department of Government Efficiency (LA DOGE) has nearly reached $1 billion in savings, a result of fiscal reforms initiated over a year a...

NYC Faces $12B Deficit: Tax Hikes vs Spending Cuts Debate Ignites

New York City officials report an impending $12 billion deficit over two fiscal years, sparking a debate on fiscal management and potential tax increa...

NYC Token Launch Plunges Amid Fraud Accusations and Market Turmoil

Eric Adams' NYC Token faced a tumultuous launch, with accusations of a 'rug pull' after a sudden drop in value following an initial surge....

Macy’s Accelerates Store Closures Amid Retail Strategy Shift

Macy's is set to close 14 stores in 12 states as part of a strategic overhaul aimed at boosting profitability and modernizing its operations....

Bipartisan Majority Urges Action on $38 Trillion National Debt

A survey by the Peter G. Peterson Foundation shows 82% of voters demand immediate action on the $38 trillion national debt as fiscal concerns intensif...

President Trump's Net Worth Skyrockets to $6.6 Billion

President Donald Trump's net worth has reached an estimated $6.6 billion, marking him as the wealthiest president in US history, driven by crypto inve...

Trump's Tax Overhaul Set to Boost American Wallets in 2026

The Trump administration's tax reforms, known as the One Big Beautiful Bill Act, are poised to significantly increase American after-tax income starti...

Anticipated 'Gigantic' Tax Refunds for Americans in 2026

Treasury Secretary Scott Bessent forecasts substantial tax refunds for Americans in 2026 due to President Trump's tax overhaul, with average refunds i...

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