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.
Chase is currently offering a limited-time bonus of up to $1,000 cash back on its Ink Business Cash and Ink Business Unlimited credit cards when you spend $8,000 within the first four months of account opening. These no-annual-fee cards provide solid...
As we reach mid-2026, top financial advisors like Charles Schwab, J.P. Morgan Self-Directed Investing, and Vanguard offer low-cost, versatile platforms with no account minimums and zero-commission trades. The article emphasizes the importance of choo...
The Chase Sapphire Preferred credit card has been refreshed with enhanced benefits, including a limited-time offer of 100,000 bonus points after spending $5,000 in the first three months, worth up to $1,500 in travel. The card now offers 3X points on...
Thirteen companies, including seven banks, announced dividend increases last week. JPMorgan Chase stands out with a 10% dividend hike, an A+ safety grade, and a new $50 billion share buyback program, trading slightly above its fair value. Matson is h...
Equity markets, including SPY, are expected to experience increased volatility in July due to concerns over a potential Federal Reserve rate hike. Key upcoming events such as the June Consumer Price Index (CPI), testimony from Fed Chair Warsh, and th...
