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As the national debt creeps toward $35 trillion after decades of running deficits, here's what this former official is prescribing.

The US has ‘fiscal cancer.’ The 2024 election could put off treatment.

The U.S. national debt is creeping toward $35 trillion after decades of running deficits. According to a former comptroller general who served under two U.S. presidents, the country’s biggest deficit is in leadership. “The truth is, the U.S. has fiscal cancer,” David M. Walker said. “You can beat cancer. My wife beat cancer. But first…

Argentina's populist and enigmatic president wants to the country to join NATO. It comes as he works to strengthen ties with Western powers.

Argentina asks to join NATO as Milei looks to enhance security, strengthen ties

Argentina’s controversial populist President Javier Milei wants his country to join the North Atlantic Treaty Organization. The move is an effort to enhance political and security cooperation. Milei’s government is looking to tighten relations with Western powers and attract investment in Argentina. Argentina’s request came during talks on Thursday, April 18, in Brussels between NATO’s…

FBI director warns Chinese hackers waiting for ‘just the right moment’ to strike

FBI Director Christopher Wray warned that hackers linked to the Chinese government have infiltrated U.S. infrastructure and are waiting for “just the right moment to deal a devastating blow.” Wray emphasized the immediate threats China poses to U.S. national and economic security during his speech at the Vanderbilt Summit on Modern Conflict and Emerging Threats on…

Israel struck back in its first military response to Iran's attack and the 12-person jury is selected in Trump's hush money trial. The Morning Rundown™

Israel carries out strike against Iran in response to drone attack

Israel struck back in its first military response to Iran since last weekend’s attack. The 12-person jury is selected in former President Donald Trump’s hush money trial. These stories and more highlight The Morning Rundown for Friday, April 19, 2024. Israel carried out strike against Iran in response to drone attack Israeli forces struck back…

The government wants to subsidize child daycare. Like other demand-side subsidies, this is only going to drive up prices even more.

Subsidizing demand won’t fix real problems

The Biden administration recently announced an initiative to cap child care copay expenses for approximately 100,000 low-income working families in the United States. Instead of paying set fees, those families will pay 7% of whatever their total income is as a copay for the government-subsidized daycare program. The program also hopes to fully cover all…

Biden claims China is subsidizing the steel and aluminum industry to undercut American products. He isn't the only one calling for higher tariffs.

‘They’re cheating’: Biden wants to triple tariffs on Chinese steel and aluminum

President Joe Biden wants to triple tariffs on Chinese steel and aluminum. He claims cheap Chinese exports are undermining American products.  China is the No. 1 producer of the two metals worldwide. The White House said the nation is not only “dumping” products on the market that are “among the world’s most emissions-intensive,” but subsidizing…

Renewable energy plan in Alaska could disturb thousands of acres of nature

Alaska’s wilderness is teeming with wildlife, as bears, moose, elk, and many more species all call this region home. However, beneath this vibrant ecosystem lies an extensive supply of metals, one that will require disturbing thousands of acres of nature to access. The White House is expected to step in and put an end to…

A new poll asking about Americans' taxes revealed misconceptions about how much the top 1% contributes to total federal income tax.

Poll reveals Americans’ misconceptions on income tax for top 1%

A new poll asked Americans how much they thought the top 1% of taxpayers account for in total federal income tax paid. The poll found that most Americans want the rich to pay more in taxes but also revealed that Americans have a misconception in how much the top 1% actually pays. The top 1%…

Developing countries might seem to enjoy a natural demographic advantage over the developed world, but that advantage carries risks.

The trouble with ‘good’ demographics

Declining birth rates throughout much of Western Europe and America, and in other developed nations like Japan, have alarmed social scientists. Concern is most acute in nations where a shrinking workforce will be expected to pay for the rising costs of a much larger retiring population. But on the opposite end of this spectrum, rapid…

Analysts are scratching their heads trying to figure out why gold is breaking records right now — but it's not the only commodity on a tear.

Gold isn’t the only commodity surging. It could bring bad news for inflation.

Analysts are scratching their heads trying to figure out why gold is on a tear right now. The commodity hit another record high Tuesday, April 9, ahead of Wednesday’s inflation report and the release of the Federal Reserve meeting minutes, where investors get a behind-the-scenes look at what the Fed is thinking in terms of cutting…

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