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191 articles found for "debt"
The Department of Government Efficiency has produced the largest peacetime workforce reduction on record, eliminating 270,000 federal positions, yet total government spending continues to rise as entitlement programs dwarf discretionary savings.
The Consumer Confidence Index crashed to 84.5 in January — its lowest reading since 2014 and below COVID-era depths — yet retail spending rose 10% and luxury purchases jumped 15%, creating an economic paradox that is baffling economists.
The average IRS tax refund could reach $3,800 this filing season, roughly $1,000 more than last year, thanks to the One Big Beautiful Bill Act's expanded deductions for tips, overtime, and higher earners.
US consumer spending recorded its steepest drop since 2022 as tariff uncertainty, elevated prices, and wage volatility combine to chill household purchasing across discretionary categories.
Real consumer spending growth expected to drop to 1.5% in 2026 as K-shaped economy emerges—higher-income households drive growth while lower-income Americans cut back.
Spirit Airlines faces an uncertain future as its second bankruptcy in less than a year enters a critical phase with Citadel holding key leverage over the carrier's fate.
New Federal Reserve Bank of Cleveland study finds consumer inflation expectations in 2025 showed greater dispersion than the stagflation era, raising concerns about Fed credibility.
The U.S. Energy Information Administration projects gasoline will average $2.90 per gallon in 2026 as global oil production outpaces demand, providing consumer relief.
Record BNPL usage in 2025 sets up a consumer liquidity test in early 2026 as deferred payments come due, threatening retail spending and household budgets.
The Consumer Financial Protection Bureau has been dramatically downsized, with examinations dropping from 600 to under 70 annually. What the agency's transformation means for Americans.
Consumer spending is diverging sharply by income level, with affluent households driving growth while lower-income Americans pull back. What the K-shaped economy means for your finances.
The Infrastructure Investment and Jobs Act expires in October 2026, potentially ending $136 billion in federal funding. What it means for construction, jobs, and your commute.