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News Updates

News Updates

Sustained deficit spending pushes national debt higher

Continued deficit spending in the U.S. may cause interest payments to soon outpace national defense spending. U.S. debt is now at a record high of $31.38 trillion dollars. In mid-2022, the interest payments on the debt at that time were just under $600 billion dollars according to the Committee for

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Biden pushes ‘Bidenomics,’ bashes Trump in speech

‘Middle-class Joe’ is still bragging about his economic plan despite the number of Americans struggling to make ends meet. Monday’s speech in Philadelphia was, in part, to draw Democratic votes from union workers. President Biden has strong support here, but Trump has gained some inroads with the grassroots labor class.

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Congress returning to session with shutdown looming

The Senate returns from its August break this week with the House following the week after. Both chambers are coming back to work with priorities set on funding the government to avoid a shutdown. In the Senate, Majority Leader Chuck Schumer (N.Y.) is placing the possibility of a shutdown square

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A Moment in History: Inflation

Most people aren’t too fond of inflation in the American news cycle. The expert definition of inflation is too many dollars chasing too few goods, and we see inflation as a prime cause for a rise in the cost for goods and service. But where did inflation come from? How

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