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U.S. national debt hits $38 trillion and Washington is ‘numb to our own dysfunction,’ budget committee warns

America’s debt burden has hit $38 trillion. In fact, at the time of writing, it is $19 billion over that mark. Economists are warning that spectators won’t have to wait long until debt hits the $39 trillion mark as the rate of debt accumulation is increasing with every passing day. Experts across the economy have … Read more

UK Finance Minister Rachel Reeves on November budget

Chancellor of the Exchequer Rachel Reeves speaks on stage during the Labour Party conference on Sept. 29, 2025, in Liverpool, England. Ian Forsyth | Getty Images U.K. Finance Minister Rachel Reeves has reiterated her commitment to the government’s self-imposed fiscal rules, but said it must be honest with the public about the challenges the country … Read more

U.S. budget deficit lower in 2025; tariffs, debt payments both at records

The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what … Read more

$1.8 trillion deficit revealed during ‘pointless and wasteful government shutdown,’ budget watchdog says

The Committee for a Responsible Federal Budget (CRFB), Washington, D.C.’s leading nonpartisan budget watchdog, has sharply criticized the recent government shutdown as “pointless and wasteful” while unveiling the staggering $1.8 trillion federal deficit for the fiscal year 2025. This fiscal gap, reported by the Congressional Budget Office (CBO) in its Monthly Budget Review, reflects ongoing … Read more

‘Companies are clearly hoarding workers’: Data shows job openings barely budget, layoffs and quits plummet

U.S. jobs openings were essentially unchanged million last month amid economic uncertainty arising from President Donald Trump’s trade policies and an impending government shutdown. The Labor Department reported Tuesday that job openings blipped up to 7.23 million from 7.21 million in July. Economists had forecast a drop to 7.1 million. The Job Openings and Labor Turnover … Read more

UK bank bosses demand policy stability ahead of critical budget

The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images Bank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector. Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary … Read more

Andrew Yang took inspiration from Mark Cuban for his budget cell carrier Noble Mobile

Former U.S. presidential candidate and entrepreneur Andrew Yang is starting a new mobile virtual network operator — a company that resells wireless service using another carrier’s network infrastructure — that will give you money back on your bill if you use less data. “I’m as guilty of doomscrolling as the next person, but knowing that … Read more

UK to deliver budget on Nov. 26

Chancellor Rachel Reeves poses with the red box outside number 11 Downing Street on October 30, 2024 in London, England. This is the first Budget presented by the new Labour government and Chancellor of the Exchequer, Rachel Reeves.  Dan Kitwood | Getty Images News | Getty Images The U.K. Treasury on Wednesday revealed Finance Minister … Read more

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