Independent analyses – ranging from Yale University to the Wharton School to the Congressional Budget Office – have each said that President Donald Trump’s budget plan will add trillions of dollars to the U.S. deficit over the next 10 years. What’s at stake if the deficit continues on its upward trajectory? This year, the U.S….
A hiring sign on June 25, 2025 in Austin, Texas, U.S. Brandon Bell | Getty Images News | Getty Images There’s a scene in the cinematic masterpiece Mean Girls in which a character writes in big bloody script: “DO NOT TRUST HER.” Apologies in advance to the good folks at ADP, who I’m sure are…
Thai Son S.P. Co. garment factory in Thu Duc, Ho Chi Minh, Vietnam, on June 21, 2025. Daniel Ceng | Anadolu | Getty Images U.S. President Donald Trump announced a trade pact with Vietnam on Wednesday, but its scant details have left economists wondering about what it would mean for the flow of Chinese goods…
Legislative Hall, the Delaware State Capitol, in Dover, Delaware Aimintang | Istock | Getty Images State and local government job growth powered the U.S. labor market’s expansion in June. Federal data released Thursday shows government jobs saw the largest month-over-month sector growth at 73,000. That means government jobs accounted for about half of the 147,000…
U.S. Treasury yields were lower on Thursday as investors awaited June’s big jobs report and continued to monitor progress on President Donald Trump’s spending bill. At 2:57 a.m. ET, the benchmark 10-year yield was 4 basis points lower to 4.253%. The 30-year bond yield was also down over 4 basis points at 4.781%. The 2-year Treasury yield was lower…
Britain’s Chancellor of the Exchequer Rachel Reeves and Britain’s Defence Secretary John Healey visit Wellington Barracks, in central London, on March 26, 2025. Stefan Rousseau | Afp | Getty Images All eyes are now on the U.K.’s ruling Labour Party for any sign of further political fractures that could rattle Britain’s economic stability, after the…
The U.S. Capitol in Washington, D.C. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s “big, beautiful bill” — or officially, the One Big Beautiful Bill Act (OBBBA) — is a controversial piece of legislation, but some banks are in favor of it, saying it’s the shot in the arm the economy needs. It was…
