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This article is on the page FiscalData of Treasury.gov, the website of the US Treasury.
It explains every thing you need to know about the National Debt (or National Deficit). Very good economic lesson. Though it talks about the US Federal government, it is very much true to all governments of the world as far as economic principles and fiscal policies are concern.
Analysis by Matt Egan, CNN
5 minute read
Updated 9:02 AM EST, Sun February 2, 2025
New York CNN —
President Donald Trump is on the verge of hitting America’s three biggest trading partners with sweeping tariffs, a far more aggressive use of his favorite economic weapon than anything he did during his first term.
The looming import taxes on Mexico, Canada and China will be a major test of Trump’s unorthodox use of tariffs, which he’s described as “the greatest thing ever invented.”
It’s an enormous gamble, arguably a bigger one than any economic policy Trump enacted during his four-plus years in the White House. And this strategy has the potential to upend the thing many voters care about the most: the economy and the cost of living.
But Trump’s tariffs pose a big risk: They could backfire, lifting already-high consumer prices at the grocery store, rocking the shaky stock market or killing jobs in a full-blown trade war.
Tiếp tục đọc “Trump’s tariffs are a $1.4 trillion gamble with the economy and prices”Good morning. Today, my colleague Peter Baker reflects on President Trump’s first week back in office. We’re also covering South Korea, the Covid lab leak theory and a parenting poem. —David Leonhardt
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| President Trump in the Oval Office. Doug Mills/The New York Times |
| By Peter BakerI’m the chief White House correspondent. | |
On his first full day back in the White House, President Trump vowed to do what no president had ever done before. “We’re going to do things that people will be shocked at,” he declared. Of all the thousands of words that Trump uttered during his fact-challenged, talkathon-style opening days as the nation’s 47th president, those may have been the truest. Tiếp tục đọc “New York Times newsletter – January 26, 2025 – President Trump’s first week back in office”
The president ordered the withdrawal of the country from the Paris climate agreement and took action on immigration policy and other issues such as creating the Department of Government Efficiency.
“So I am revoking nearly 80 destructive, radical executive actions of the previous administration, they’ll all be null and void within about what, five minutes. Is that them over there? Five minutes.” “The first item that President Trump is signing is the rescission of 78 Biden era executive actions, executive orders, presidential memoranda and others.” [cheering] “Thank you, sir.” [cheering] “The next item here is the withdrawal from the Paris climate treaty.” [cheering]
Tiếp tục đọc “Trump’s slew of actions at inauguration”Here are some stories you might have missed this week, curated by Times editors and personalized for you.
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Senate Minority Whip John Thune, R-S.D., joined at left by Sen. John Barrasso, R-Wyo., meets with reporters after he was elected to succeed longtime GOP leader Mitch McConnell of Kentucky, at the Capitol in Washington, Wednesday, Nov. 13, 2024. (AP Photo/J. Scott Applewhite) Tiếp tục đọc “Trump is already testing Congress and daring Republicans to oppose him”Harris’ decisive defeat shattered hopes that she could rescue Democrats’ chances after President Joe Biden’s reelection effort stalled and she replaced him at the top of the ticket
Published 2 hours ago
Faced with a sweeping rejection by American voters, Kamala Harris conceded the presidential election to Donald Trump on Wednesday and encouraged supporters to continue fighting for their vision of the country. Tiếp tục đọc “Read Kamala Harris’ full concession speech, Donald Trump’s victory address”
Harris’ decisive defeat shattered hopes that she could rescue Democrats’ chances after President Joe Biden’s reelection effort stalled and she replaced him at the top of the ticket
Published 2 hours ago
Faced with a sweeping rejection by American voters, Kamala Harris conceded the presidential election to Donald Trump on Wednesday and encouraged supporters to continue fighting for their vision of the country. Tiếp tục đọc “Read Kamala Harris’ full concession speech, Donald Trump’s victory address”
| October 30, 2024, Mother Jones Daily |
| I’m back from a quick, child-free vacation with the closest of friends, the kind of hang that leaves your soul nourished. But after spending the morning catching up on the news—which is to say, the racist vitriol, threats of election violence, and cowardice of billionaires—I’m now feeling catastrophically nervous. What is the world going to look like this time next week? Will we finally close the door on this horrific chapter? Will democracy survive another Trump win? Tiếp tục đọc “I suddenly feel differently about the election and Trump” |
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