The federal budget deficit has doubled to $2 trillion under President Biden in just a year, significantly impacting the economy and the financial well-being of Americans. Official and Unofficial Numbers Treasury Secretary Janet Yellen announced a deficit of $1.7 trillion for fiscal 2023. However, $300 billion in student debt cancellations makes the actual deficit $2 […]
Biden’s $7.3 Trillion Budget Plan: Wealthy Tax Hike Funds Family Tax Breaks, Healthcare Savings
A new budget proposal for 2025 has been released by the White House, presenting what the economic future could look like if Biden wins a second term. New Budget Proposal President Biden released a new budget proposal for 2025 on Monday, highlighting points that are sure to grab the public’s attention, including significant tax changes […]
U.S. Steel Takeover Raises National Security Red Flags
The controversial deal that could see a historical takeover of US Steel by Japanese-owned Nippon Steel has received even more backlash as it looks more likely that the deal would go ahead due to the risk to national security. Multinational Concerns Amidst Political Backlash Large multinational companies have expressed concern over the politicization of the […]
17 AI-Proof Careers to Pursue Now
Artificial intelligence has become one of the world’s most exciting areas of technology, but many are worried that it may take over countless jobs, leaving millions of people out of work. Fortunately, some jobs will remain untouched by AI for the foreseeable future. AI on the Horizon With the ever-expanding scope of ChatGPT and other […]
Bitcoin Reaches an All-Time High and Market Regulators Are Taking Notice
Bitcoin just hit a new peak, soaring past the $70,000 mark to reach past $72,269. This milestone comes amidst a flurry of market expansion and aligns with some interesting shifts in regulatory attitudes in the UK and the US. However, even with this growing institutional approval, the caution due to cryptocurrency unpredictability hasn’t faded from […]
Student Aid Software Stirs Anxiety: What You Need to Know
A new online application recently went live in an attempt to make student lives easier, but accessibility challenges have left students increasingly frustrated, as the Free Application for Federal Student Aid (FAFSA) fails to provide those who need it their financial aid. Unforeseen Hurdles Originally scheduled for an October opening, the FAFSA faced a three-month […]
U.S. Marshals Push for $38 Million to Protect Federal Judges from Rising Threats
Threats against judges in the U.S. judicial system are on the rise, and U.S. Marshals are asking for increased security funding to protect them. A Boost for the Marshals Service The U.S. Marshal Service is seeking a significant boost in security funds, asking Congress for $38 million to fund new security programs aimed at protecting […]
Biden’s $300 Million Ukrainian Aid Met with Republican Skepticism
The U.S. is set to make a huge donation to Ukraine to aid its war in light of despite weapon and funding stockpiles dwindling to new lows. Read on to find out how it could affect things. Biden’s Administration Allocates $300 Million Biden’s administration has earmarked $300 million of weaponry to send to Ukraine. Worries […]
Unlocking 2024’s Best Tax Credits: Your Guide
Understanding tax credits can be incredibly complex, yet to ensure one can benefit from all that is available it is crucial to know what opportunities lie within the U.S. tax system. Understanding Tax Credits Tax credits are not mere deductions; they are even more valuable. As Eric Bronnenkant, head of tax at Betterment, states, “This […]
Democrats and Republicans Clash Over Budget: Whose Budget Priorities Will Prevail?
In the ongoing saga of political discourse, Democrats and Republicans find themselves at loggerheads once again, this time over the state of the economy. Let’s dive into the tit-for-tat battle of words and ideologies shaping America’s financial future. Democrats: The Economy’s Thriving Democrats proudly tout the economy’s robust performance, citing record-low unemployment rates, surging job […]