The fire that badly damaged Limoges’ 19th-century city hall was set on purpose, the local prefect said. By Sunday it was under control, and France was counting the damage: more than 2,400 arrests on Saturday alone, according to authorities, nearly 1,000 police and gendarmes injured, and hundreds of businesses looted in Paris, Marseille, Lyon, and
The federal government’s fiscal year ended last month, and the final tally offered another stark warning about the trajectory of U.S. debt. According to Treasury Department data released on Friday, the federal budget deficit widened to $1.99 trillion, 12% worse than the $1.78 trillion gap in fiscal 2025. That came as revenue increased 3% to $5.4
In February 1993, weeks into Bill Clinton’s presidency, James Carville famously quipped: “I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.” What Carville was referring
President Donald Trump’s pledge to send every American adult a $5,000 check if Republicans hold Congress in November carries a price tag that economists say has no clear funding source — and would land on a federal balance sheet already strained by a nearly $2 trillion annual deficit. Kent Smetters, faculty director of the Penn Wharton
President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November. The dubious promise would most likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion
The federal interest burden has reached a new height, exceeding even the 1991 record, but analysts warn the risks associated with servicing the ever-growing national debt today are much higher than they were 35 years ago, analysts warn. A recent analysis from investment management firm Doubleline noted that in 2025, the federal net interest payment
