Economic

‘This cannot be sustainable’: The U.S. borrowed $50 billion a week for the past five months, the CBO says

The Congressional Budget Office (CBO) reported that another $1 trillion was added to the federal deficit in the first five months of this year. The monthly budget review from the CBO, updated to February 2026 and released yesterday, showed that the government is estimated to have borrowed $308 billion last month alone.

War with Iran to affect more than gas prices, experts say

Gas prices affect everything. Food prices, which some already consider too high, are expected to rise because of the conflict.

EU pushes for deals as Trump's tariffs upset global trade

Trump says he will impose 10% tariffs on countries that send military forces to Greenland

Ambassadors from the European Union's 27 member countries will convene for an emergency meeting on Sunday . . . Mr. Trump's tariffs would "undermine transatlantic relations and risk a dangerous downward spiral."

Canada turns to China as Trump's tariffs and threats bring foes together

Prime Minister Mark Carney hailed a “new strategic partnership” in Beijing on Friday that included a break with the United States on tariffs . . . "The United States used to be a friend and ally . . . Now, we are treated as an enemy.”

Statement of Federal Reserve Chair Jerome Powell in response to the threat of criminal charges

"The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President."

Why home insurance is unaffordable, even in places without wildfires or hurricanes