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The Latest Breaking News from Bernard Yaros

Economist Warns Social Security, Medicare Insolvency By 2034 Could Trigger Bond Market Selloff, Forcing Congress Into Painful Fiscal Reforms

The trust funds for Social Security and Medicare are expected to be depleted by 2034, which could prompt the bond market to push Congress into action, according to a leading economist.

Benzinga

Social Security and Medicare cuts are coming because the bond market will eventually bring Congress to its knees, economist says

"A sharp upward repricing of the term premium for longer-dated bonds could force Congress back into a reform mindset."

Fortune

US Trade Deficit Widens In May As Trump Tariffs Fuel Uncertainty

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.

International Business Times

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'Retaliate': Trump Tariff Talk Spurs Global Jitters, Preparations

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

International Business Times

Tariffs, immigrants and fiscal policy: Trump’s second term as US president

Analysts expect Republican to act on threats of imposing tariffs and blocking immigrants soon in his second term.

Al Jazeera

Tariffs, Tax Cuts, Energy: What Is In Trump's Economic Plan?

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.

International Business Times

What economic challenges await Kamala Harris as US president hopeful?

Harris’s economic views are largely unknown, but inflation is a red flag for the Democratic presidential nominee.

Al Jazeera

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The Trump economy: Slower growth, higher prices and a bigger national debt

Plans to hike tariffs, tighten immigration and cut taxes are likely to crimp growth and fuel inflation, experts say.

Al Jazeera

Who benefits from US tariffs on Chinese imports? Experts weigh in

While tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.

Al Jazeera

As US inflation ticks back up, it could impact the presidential election

The fight against inflation is far from over and could reduce the chances of interest rate cuts for this year.

Al Jazeera

Will the US unemployment rate continue at historic lows?

US job growth has continued at a steady clip in months since COVID pandemic, but experts are looking for warning signs.

Al Jazeera

US Growth Picks Up In 2023 On Jobs And Consumer Spending

US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.

International Business Times

What is 14th Amendment and can it resolve US debt ceiling fight?

President Biden says he could invoke constitution to order the Treasury to issue bonds and keep paying gov’t bills.

Al Jazeera

What happens if the US defaults on its debt?

Experts warn of ‘cataclysmic’ scenario if world’s biggest economy fails to meet its debt obligations.

Al Jazeera

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