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The Latest Breaking News from Jessica Riedl

The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year, according to a Brookings analysis

Taxing the rich doesn’t get remotely close to solving the debt crisis. So a solution will likely sweep across all income levels.

Fortune

The ticking time bomb buried in Trump’s 2027 budget

$7.8 trillion in extra revenue, GDP growing at 3%, vanishing deficits, and a 42% defense hike—to skeptics Trump’s math just isn’t adding up.

Fortune

Social Security insolvency: How a six-figure cap to flatten benefits for the ultrawealthy could buy the program 7 critical years

A nonpartisan think tank is proposing a fix that promises significant progress toward putting Social Security on a path to self-sufficiency.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

‘Tax nerd’ risks it all betting against Elon Musk’s promises, and the numbers vindicated him in the end

He knew what he was doing.

We Got This Covered

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Fortune

Trump's shutdown funding workarounds are on shaky legal ground

Lawyers and former government officials warn that Trump's moves set a dangerous precedent and eat away at Congress' core power.

Axios

How Stephen Miran—a Harvard-trained former free market champion—became Trump’s top ideologue on tariffs

Last year Miran, 41, was a virtual unknown. Suddenly the "Mar-a Lago accord" author’s ideas are reshaping the economy.

Fortune

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Why DOGE Failed

Elon Musk promised $2 trillion in cuts but delivered only a tiny portion of that total. We asked seven policy experts to explain what he got wrong.

Reason

Peter Navarro faces bipartisan wrath over ‘exceptionally stupid’ claim that ‘tariffs are tax cuts’

‘They think you are stupid,’ Pradeep J. Shanker, a contributor for the conservative National Review magazine, said about Navarro’s claim

The Independent UK

Contrary to What Trump Said, Even DOGE Does Not Claim To Have Identified 'Hundreds of Billions' in Fraud

The president's assertion is divorced from reality, and so are the "estimated savings" touted by Elon Musk.

Reason

Trump boosts Elon Musk’s plan for ‘DOGE dividend’ checks to taxpayers, but experts are skeptical

An idea to send 20 percent of ‘savings’ back to taxpayers is ‘under consideration’

The Independent UK

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

People

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