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Insights, stories, and thoughts.
July 4, 2026
Interest on the national debt has become one of the largest line items in the federal budget, trailing only Social Security. By fiscal year 2026, net interest payments are projected to reach $1.0 trillion, with a cumulative total of $16.2 trillion over the next decade.
July 4, 2026
The Federal Reserve's June 2026 meeting marked a sharp pivot from the easing bias of 2025, with new Chair Kevin Warsh signaling a potential tightening path in response to inflation pressures.