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The Latest Breaking News from Brian Riedl

How Elon Musk, Donald Trump And DOGE Will Take On The Federal Government, And What It Means For The S&P 500

With Elon Musk as his government efficiency chief, President-elect Donald Trump has made a surprise turn to fiscal sustainability. It won't be easy.

Investors Business Daily

The Impact of Trump's Cost-Cutting Initiative Hinges on What He Means by 'Government Efficiency'

Narrowly understood, the president-elect's familiar-sounding plan to tackle "massive waste and fraud" may not give us "smaller government" in any meaningful sense.

Reason

Biden and Harris' Record on Spending and Debt Is a Tragedy of Epic Proportion

When they entered the White House, the budget deficit was a pandemic-influenced $2.3 trillion, and it was set to fall to $905 billion by 2024. It's now twice what it was supposed to be.

Reason

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read the most diverse news in one place.

Kamalanomics: What businesses can expect in a Kamala Harris presidency

The vice president hasn’t done much to woo Big Business, but many executives would still rather take their chances with her than the alternative.

Fortune

Brian Riedl: Who Bankrupted Us More—Trump or Biden?

"I'm concerned about a Trump-Biden rematch," argues Riedl. "You have two presidents with two of the worst fiscal records of the past 100 years."

Reason

Federal Government Will Borrow Another $20 Trillion in the Next Decade

Three things to know about the new Congressional Budget Office report on the growing federal deficit.

Reason

Interest Rates Are High. GOP Presidential Candidates Need To Get Serious About It.

They will either reduce the ability to spend money or to cut taxes.

Reason

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Why a government default could be worse than a government shutdown

All the hand-wringing over a potential government default if Congress doesn’t increase the national debt limit has conjured up images of past government shutdowns

The Independent UK

Biden, McCarthy in different worlds on debt standoff

As Washington slow-walks toward a crisis over the national debt, President Joe Biden and House Speaker Kevin McCarthy are talking to two very different Americas

The Independent UK

The GOP's Current Plan To Cut Spending Is a Political Failure

Social Security, Medicare, and Medicaid are still the chief drivers of our future debt. But Republicans aren't touching them.

Reason

Expected Interest Rate Hike Will Add $2 Trillion to the Deficit

So much for the idea that low interest rates meant the government could borrow endlessly with no consequences.

Reason

Jon Stewart Accuses GOP of 'Cruelty' for Wanting Minor Amendments to Pricey Veterans' Bill

Senate Republicans have raised reasonable objections that legislation covering veterans' health conditions linked to toxic burn pits will allow for more spending on unrelated items.

People

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Congressional Budget Office

43 stories

the Congressional Budget Office

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