For the first five months of the 2025 fiscal year, federal spending is coming in at the highest level ever. This is true even when we adjust for CPI inflation.
Latest News
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Colin Grabow As President Donald Trump threatens so-called “reciprocal tariffs” on US trading partners, some countries are offering lower duties to avoid the US leader’s wrath. Vietnam recently announced that…
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Denmark on Friday found itself in President Donald Trump’s crosshairs. Trump appears to be honing in on what his administration is now arguing is a failure by Copenhagen to protect Greenland from…
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Transgender inmates who were moved from a women’s prison to an all-male facility, after President Donald Trump’s executive order mandating inmates live in facilities corresponding to their biological sex, are…
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President Donald Trump stressed the need to acquire Greenland as part of the U.S. for international security purposes Friday, as Vice President JD Vance conducted a trip there with second…
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Politics
State Department will absorb remaining USAID programming as independent agency is dismantled
The State Department is absorbing the remaining operations and programs U.S. Agency for International Development (USAID) runs, upending its function as an independent agency, according to an internal USAID memo…
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Vice President JD Vance refuses to mince his words with European allies. From blasting European nations on censorship issues, to publicly urging Ukrainian Vice President Volodymyr Zelenskyy to express gratitude…
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What happens to businesses when liabilities exceed assets? They go bankrupt, with the spectacular failure of FTX being front-and-center. However, the Federal Reserve is in the same position but unlike…
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Editor's PickInvesting
If Student Loans Are Removed From the Department of Education, Where Should They Go?
Andrew Gillen As momentum for closing the US Department of Education gains steam, questions about the transition are starting to surface, with the biggest ones concerning student loans. While we…
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: The House Judiciary Committee sent a letter Thursday to Tina Ansari, the lead federal prosecutor in a case brought by the Biden Department of Justice, against Dr. Eithan Haim for leaking…