US Inflation: Debt Will Rise to at Least 116% of GDP by 2032

U.S inflation

Inflation was at a 40-year high as economic growth cooled after the recovery from the end of the worst of the COVID-19 pandemic. We at the Committee for a Responsible Federal Budget have been tracking all of this work, with more than 200 analyses, papers and other products highlighting the fiscal and economic effects of … Read more

U.S Debt: What is The Debt Ceiling and Why Does it Matter

U.S debt ceiling

What is This U.S Debt Ceiling? The debt ceiling is the amount of money the U.S. Treasury is authorized to borrow to pay its bills. United States of America hit the debt ceiling few days ago, which forced the Treasury Department to begin taking extraordinary measures to continue paying the government’s bills.  Janet Yellen who … Read more

Survival of The Richest: 5% Tax on Multimillionaires Could Lift Over 2 Billion People Out of Poverty

Survival of the richest

We hear a lot about the world’s wealthiest 1%, but just how big is the inequality gap and how can it be bridged? In a new report, British charity Oxfam attempted to answer that question in an update to their annual inequality report, titled “Survival of the richest.” Published on the eve of the World … Read more

Inflation Cost Americans Additional 350$ Monthly

U.S Inflation

Due to the rapid rise in the cost of goods and services in America, rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while inflation has cooled in recent months, the typical household spent over $350 or more on good and services … Read more

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