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The U.S. national debt has surged past $38 trillion, according to the U.S. Treasury Department, just two months after surpassing previous forecasts to reach $37 trillion in August. This means the federal debt rose by $1 trillion in a little over two months, which the Peter G. Peterson Foundation calculates is the fastest rate of … Read more
Meta has removed a Facebook page used to track the presence of immigration agents at the request of the Department of Justice, the company confirmed on Tuesday. Attorney General Pam Bondi said in a post on X that “following outreach” from the DOJ, Facebook removed a “large group page” that was being used to target … Read more
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
Shoppers spend on Oxford Street beneath union jack flags in London’s West End, on April 3. Richard Baker | In Pictures | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments … Read more
President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the … Read more
NEWYou can now listen to Fox News articles! The U.S. Office of Special Counsel (OSC) is investigating former special counsel Jack Smith, the OSC has confirmed to Fox News. Smith was tapped in 2022 by then-Attorney General Merrick Garland to serve as special counsel regarding two probes pertaining to then-former President Donald Trump. The OSC … Read more
Europe’s securities watchdog ESMA has warned crypto companies not to falsely promote their MiCA-regulated status to avoid misleading investors. The European Securities and Markets Authority issued a warning to crypto companies on Friday, urging them not to use their regulated status under the EU’s MiCA framework, as a promotional tool, as initially reported by Reuters. … Read more
The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday. The IRS workforce has fallen from 102,113 workers to 75,702 over the past year, according to the latest National Taxpayer Advocate report to Congress. The report Wednesday offered the first … Read more
The idea of attacking facilities working to develop nuclear power might immediately bring to mind the worst images of disasters like Chernobyl and Fukushima. But experts say that even if the strikes hit crucial materials, bombing uranium enrichment sites is not likely to yield a large-scale nuclear catastrophe. Despite concerns about widespread radiation, the IAEA … Read more
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