The national debt has blown past $40 trillion for the first time, and the interest alone now costs taxpayers more than $1 trillion a year, a bill that budget experts warn will crowd out defense, drive up borrowing costs, and drag down wages for a generation. The milestone arrived in August, just five months after […] The post America's $40 trillion debt tab lands on every taxpayer's doorstep appeared first on American Almanac .
The national debt has blown past $40 trillion for the first time, and the interest alone now costs taxpayers more than $1 trillion a year, a bill that budget experts warn will crowd out defense, drive up borrowing costs, and drag down wages for a generation. The milestone arrived in August, just five months after the debt crossed $39 trillion in March. Five months before that, it had hit $38 trillion. Each trillion-dollar jump is coming faster than the last, a pace that AP News reported has left the United States ranked dead last in fiscal health among developed countries, according to OECD data. That $40.047 trillion figure is not an abstraction. It works out to roughly $120,000 for every American taxpayer and nearly $300,000 per…Open
The Trump administration is drafting a Child Care and Development Fund rule that would, for the first time, let low-income married couples collect child-care aid when one parent stays home, according to The New York Times, which cited people familiar with the plan and a draft document it reviewed. The C.C.D.F. was built to help […] The post Trump’s $9,000 Child-Care Draft Targets Low-Income Married Families appeared first on StoneZone .
The Trump administration is drafting a Child Care and Development Fund rule that would, for the first time, let low-income married couples collect child-care aid when one parent stays home, according to The New York Times , which cited people familiar with the plan and a draft document it reviewed. The C.C.D.F. was built to help poor and working-class parents work. Under current rules it only counts care outside the home. Officials would add a new category, “parent-based child care,” about $9,000 per child a year, if one spouse works at least 35 hours a week and household income stays under the existing state cap, usually 85% of median income, sometimes closer to 60%. If it goes forward as written, it would be the first federal…Open
Heritage Foundation chief economist EJ Antoni joins ‘Making Money’ to discuss the August jobs report and its potential impact on Federal Reserve interest rate decisions. #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #makingmoney #economy #jobs #jobsreport #federalreserve #fed #interestrates #inflation #treasury #treasuryyields #economicgrowth #debt #nationaldebt #labormarket #monetarypolicy #heritagefoundation #ejantoni #antoni
New York City Mayor Zohran Mamdani offered public condolences for a Rikers Island detainee charged with a brutal murder, without mentioning the victim, and conservatives from city hall to the Heritage Foundation are demanding to know why. Mamdani posted a statement on X mourning the death of Clarence Woodward, a 39-year-old pretrial detainee who died […] The post NYC Mayor Mamdani mourns Rikers death of man charged in meat cleaver murder, draws fierce backlash appeared first on American Almanac .
New York City Mayor Zohran Mamdani offered public condolences for a Rikers Island detainee charged with a brutal murder, without mentioning the victim, and conservatives from city hall to the Heritage Foundation are demanding to know why. Mamdani posted a statement on X mourning the death of Clarence Woodward, a 39-year-old pretrial detainee who died in city custody at Rikers Island. The mayor called himself "deeply saddened" and extended his thoughts to Woodward's "family and loved ones." He pledged an investigation by the NYC Department of Correction and its oversight partners, and he renewed his commitment to closing Rikers "as quickly as possible." What Mamdani did not mention, not once, was the man Woodward was charged with killing:…Open
FOX Business contributor Lou Basenese and Heritage Foundation chief economist EJ Antoni analyze the PCE inflation report showing a 3.7% annual rise and debate how the data could impact the Federal Reserve’s next policy moves on ‘Kudlow.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #kudlow #inflation #pce #pceinflation #federalreserve #fed #interestrates #economy #useconomy #monetarypolicy #ratecuts #economicdata #loubasenese #ejantoni #heritagefoundation #consumerprices #markets
New York City Mayor Zohran Mamdani is spending $70 million in taxpayer money to open government-run grocery stores, and now the city is exploring additional tax breaks and subsidies for the private grocers his plan threatens to undercut. The administration's Economic Development Corporation confirmed to Fox News Digital that it is looking at tax abatements, […] The post Mamdani's $70 million city-owned grocery plan could stick New York taxpayers with the bill twice appeared first on American Almanac .
New York City Mayor Zohran Mamdani is spending $70 million in taxpayer money to open government-run grocery stores, and now the city is exploring additional tax breaks and subsidies for the private grocers his plan threatens to undercut. The administration's Economic Development Corporation confirmed to Fox News Digital that it is looking at tax abatements, incentives, and zoning benefits through existing city programs to "alleviate cost pressures for small businesses across the city." That admission came after EDC official Waverly Neer publicly told NY1 the agency was considering grants and incentives to support local independent businesses in neighborhoods where the municipal stores would open. The sequence is striking. The city plans…Open
Heritage Foundation Vice President Victoria Coates joins ‘Mornings with Maria’ to discuss foreign partnerships at U.S. universities. #foxbusiness #shorts
Supplemental Nutrition Assistance Program (SNAP) enrollment dropped by more than 13 percent in just one year.
The United States’ largest food assistance program, SNAP, has seen a dramatic enrollment decline due to new work requirements and administrative hurdles introduced by President Donald J. Trump’s One Big Beautiful Bill Act. PULSE POINTS WHAT HAPPENED: - DETAIL: This reduction follows the introduction of stricter requirements. Under new federal rules, adults aged between 55 and 64 and parents of children aged between 14 and 17 must now meet work, volunteer, or education requirements in order to qualify for the food stamps program. Specifically, new data released this week revealed that enrollment fell from 42.2 million in May 2025 to 36.6 million in May this year, much faster than anticipated. Arizona experienced the largest drop in…Open
