The US national debt has exceeded 100% of its Gross Domestic Product (GDP) for the first time since World War II, reaching 100.2% at the end of March 2026. Economist Steve Hanke highlighted this milestone and urged for a constitutional debt brake to control federal borrowing. The Treasury's financial statement shows a negative net position of $41.72 trillion, with liabilities far exceeding assets. Despite economic growth, concerns remain over fiscal sustainability as interest payments on public debt nearly match major government spending areas like defense and education. This situation raises alarms about the long-term fiscal health of the US economy and the need for policy reforms.
Biotech companies are increasingly adopting a dual-track approach by preparing for IPOs while also engaging with potential acquirers, as investors have become more selective since the pandemic boom. Big Pharma is actively seeking to replenish drug pi...
The Chase Sapphire Reserve for Business credit card currently offers a limited-time welcome bonus of 200,000 points after spending $30,000 in the first six months. These points can be worth up to $4,000 when redeemed for travel through Chase's Points...
Chase has upgraded its Sapphire Preferred credit card with new benefits including a $100 annual hotel credit, 3X points on gas, EV charging, and vacation homes, plus a limited-time 100,000-point welcome bonus after spending $5,000 in three months. Th...
The Chase Sapphire Preferred credit card has been refreshed with enhanced travel perks including a $120 credit for Global Entry or TSA PreCheck every four years and a $100 annual hotel credit, doubling the previous amount. It offers increased points ...
Kevin Warsh, President Trump's nominee for Federal Reserve chairman, prefers to be called "chairman," reversing the 12-year trend of using the gender-neutral term "chair" adopted by his predecessors Janet Yellen and Jerome Powell. The Federal Reserve...
