The Latest Breaking News from Shai Akabas

Trump's New Retirement Plan Could Offer Up To $1,000 A Year To Millions of Americans — Who Qualifies

US President Donald Trump signed an executive order this week to provide workers without 401(k)s access to private-sector IRAs, with potential federal matching contributions.

International Business Times UK · May 1

Budget, Debt: Trump's Treasury Chief Faces Urgent Challenges

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision and grappling with the country's debt limit.

International Business Times · Nov 23, 2024

Debt default 'X-date' calculations aim to figure out when the US may run short of cash

For all the concern over when the government might run out of money to cover all its bills, it turns out that no one can be absolutely sure exactly when the country faces a potential default — the dreaded “X-date.”

The Independent UK · May 25, 2023

US to max out on debt soon, setting up political fight

The federal government is on track to max out on its $31.4 trillion borrowing authority as soon as this month

The Independent UK · Jan 11, 2023

What the Inflation Reduction Act does and doesn't do about rising prices

The Inflation Reduction Act is not expected to bring down inflation dramatically or right away, but experts say that might not be such a bad thing given the bill's other areas of focus.

WEKU · Aug 11, 2022