The Treasury wants to use short-term borrowing to finance the national debt. While short-term interest rates are usually lower than long-term rates, they’re also more volatile.
A year after many Canadians boycotted travel to the U.S., border crossings have risen slightly. In northeastern Vermont, businesses are doing what they can to welcome Canadians back.
Tasos Katopodis/Getty Images for the Peter G. Peterson Foundation
The U.S. has already surpassed its 2025 budget deficit with about a month and a half left to go in its fiscal year. According to the Congressional Budget Office, the government is on track to borrow more than $2 trillion in fiscal year 2026.
More than 10% of student loans are at least 90 days past due. This comes after a pandemic-era pause in repayments and the end of a low cost repayment program.
New delinquencies have largely stabilized after a big spike a couple of years ago, but lots of people are still carrying around old credit card debt they fell behind on.
The Supreme Court ruled in June that Cook could remain in her position — but did not block Trump from continuing to legally challenge her for alleged mortgage fraud.
CEOs are slightly more confident now than they were right after the Iran war started, but not by much, according to the latest survey from The Conference Board and The Business Council.
