deficits

As the One Big Beautiful Bill Act of 2025 proposes tax relief for individuals, it is also estimated to increase the federal deficit. However, this expert proposes an idea that could help cut trillions of dollars in deficit. What Happened: Financial commentator Ross Gerber of Gerber Kawasaki has...

After Sen. Ted Cruz (R-Texas) pushed for abolishing the interest paid by banks on their deposits with the Federal Reserve, senior economist Jeremy Siegel supported his arguments, whereas the JPMorgan Chase & Co. strategists opposed the idea, warning of serious implications. What Happened: Cruz...

The Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, addressed the issues surrounding huge deficits, inflationary factors, and geopolitical risk in the U.S. economy while talking to Bloomberg Television at the Global China Summit in Shanghai. What Happened: While Dimon agreed with the...

The U.S. federal deficit is projected to average its highest levels over the next decade at $1.2 trillion per year, and the Highway Trust Fund (HTF) is one of the deficit-spending programs that will be most in need of a major funding overhaul or risk going bankrupt. According to the latest...

Futures Slide On Weak Earnings U.S. equity futures slid overnight following weak earnings reports from tech giants Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG). Both companies reported top and bottom line misses. Top News In other news around the markets: Detroit finally, after...