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The Latest Breaking News from Desmond Lachman

Trump Says the Iran War Could End Soon: How Your Wallet Could Still Feel the Pinch After It’s Over

President Trump has given mixed signals on the war, signaling it could end soon or continue. Even if it winds down, several factors could squeeze wallets.

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

Treasury spent $276 billion in interest on the national debt in the final three months of 2025, says the CBO—up $30 billion from a year prior

The costs were higher because of a larger budget burden, the CBO said, as well as "higher long‐term interest rates and an increase in the rate of inflation."

'Military adventures cost money': Economists' key concern about Trump's Venezuela action is how it weakens $38 trillion national debt picture

'Military adventures cost money': Economists' key concern about Trump's Venezuela action is how it weakens $38 trillion national debt picture

“What my concern about Venezuela is that…it’s just confirming that the United States isn’t a very reliable partner.”

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Stimulus Payments Could Put Donald Trump In a Dilemma; Here's Why

Donald Trump's plan to issue stimulus payments is not good for the economy, according to experts. However, he will also attract backlash if he forgets it.

International Business Times UK

Trump says tariffs are going to be enough to pay down national debt. They likely won’t even touch the sides

In exclusive interviews with Fortune, Wharton professor Joao Gomes and AEI’s Desmond Lachman warned that while tariffs may slow debt growth, they won’t meaningfully reduce it.

Markets can't be bullied, and the US could face a financial crisis ahead of next year's midterm elections, former IMF official says

"The days of the world letting America live beyond its means are rapidly coming to an end."

The U.S. now suffers from these 5 dead giveaways of an emerging-market economy in trouble, former IMF official says — 'It pains me to say it'

"Worse, by dint of its size, America’s actions have a much greater impact on the world economy than those of any run-of-the-mill emerging market."

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'Manufacturing superpower': Trump team eyes overhaul of US economy - Roll Call

'Manufacturing superpower': Trump team eyes overhaul of US economy - Roll Call

President Trump and his second-term team have signaled an overhaul of the U.S. economy, envisioning a manufacturing revolution.

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