The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is becoming ever more applicable. Boiled down, Hartnett warns the US is accumulating too much debt, which causes the government to issue too many bonds—and investors want compensation for the fiscal risk—making long-duration Treasurys
WASHINGTON — The Trump administration said Monday it is temporarily pausing construction of a contentious border construction project in Texas’ Big Bend National Park while the head of the agency tasked with building the wall visits to do an “on-the-ground evaluation.” The project through the national park in southern Texas has faced fierce bipartisan opposition
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PHOENIX — Hundreds of Navajos were recruited by the Marine Corps during World War II to create a code based on their native language. Their efforts frustrated the Japanese force and ended up playing a vital role in U.S. victories in the Pacific War. The program remained secret for decades and in 1982, President Ronald
When renowned wildlife producer Mike Gunton approached “The Lion King” director Jon Favreau about collaborating on a documentary, the director, who had never made a doc, immediately said yes. It was 2022, and Gunton, an executive producer at BBC Studios Natural History Unit, wanted to “supersize” his “Dynasties” series about vulnerable or endangered species, and
The government’s near-$40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments, according to a new report from the Congressional Budget Office (CBO). In its August budget update, the CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year
