President Trump has vowed to pay every American $5,000 if Republicans hold onto Congress in the 2026 midterm elections – the estimated cost for those payments? $1 trillion. CNN's Rachel Siegel breaks down how it would add onto an already sky-high national debt.
If the AARP’s projection holds, the cost-of-living adjustment would be the largest since 2023.
Republicans touted their 'big beautiful bill' claiming it would bring down the national debt. But has it? Stephanie Ruhle shows us what GOP lawmakers are saying now.
The federal deficit is growing by $2 trillion each year. Americans are grappling with affordability amid the Iran war and President Trump's tariffs. Economics Editor at The Bulwark Catherine Rampell and University of Michigan Professor of Economics Betsey Stevenson join Ali Vitali to provide more insight.
Last year, House Republicans said President Trump’s “big, beautiful bill” would reduce the debt and deficit. One year later, both are on the rise. MS NOW’s Jack Fitzpatrick and JM Rieger report.
Bond yields soared on the news, which comes as the U.S. national debt clears $40 trillion.
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
Raising the payroll tax is emerging as a popular fix — even in the anti-tax GOP — to fend off deep cuts in retirement benefits.
Climbing borrowing costs have become a headache for Treasury Secretary Scott Bessent. But the United States is not the only country grappling with the potentially destabilizing consequences of soaring government debt.
The debt surpassed $40 trillion just ahead of the upcoming November midterm elections that will determine if Republicans keep control of Congress for the second half of Trump’s final term.