Economy

Trump Says Inflation Will Pay Off the $40 Trillion Debt 'Very Rapidly'

President Donald Trump told TIME in an interview published Thursday that "certain levels of inflation will also pay off that debt very rapidly," referring to the roughly $40 trillion national debt. The remark came after TIME noted the debt has grown by about $11 trillion over his five

Politics

Trump Expands $5,000 'Trump Dividend' Pledge to Every US Citizen

President Donald Trump said Friday that his proposed $5,000 "Trump dividend" would go to every US citizen, including children, if Republicans win the midterm elections, expanding a pledge first made at the GOP midterm convention in Dallas. "If the Republicans win, you win with us, and

Tech

New Mexico Asks Judge to Hit Meta With Up to $40 Billion Penalty

New Mexico asked a state judge on Thursday to order Meta to pay $35 billion to $40 billion in civil penalties after a jury found the company misled Facebook users about data privacy, per Yahoo Finance via Reuters. A Santa Fe jury found on September 25 that Meta violated the

Economy

Tomato Tariffs Threaten Free Chips and Salsa at Restaurants

Free chips and salsa could become the next casualty of the trade war, per KERA News. The Trump administration imposed a 17 percent tariff on Mexican tomatoes in July 2025 after withdrawing from the Tomato Suspension Agreement. Mexico supplies roughly 90 percent of US tomato imports, worth more than $3

Politics

Trump Posts Tom Cotton's Cell Number in Daylight Saving Time Pressure Campaign

President Donald Trump published what appeared to be Sen. Tom Cotton's personal cellphone number on Truth Social on Saturday, urging Arkansas residents to call the Republican senator and demand support for the Sunshine Protection Act, which would make daylight saving time permanent. "For some reason, Tom is

Tech

Bill Gates Renews Push for Robot Tax Tied to Payroll Levies

Bill Gates is reviving his proposal to tax robots that replace human workers, arguing companies should pay the same FICA payroll tax whether a unit of labor is delivered by a person or a machine. "You define a unit of labor and say, independent of whether that's

AI

WSJ: AI Speech Patterns Are Bleeding Into Real-World Meetings

The Wall Street Journal reports that heavy exposure to AI-generated content is changing how people actually talk. "Humans are ingesting so much AI content that prompt language, fawning feedback and 'caveman speak' are officially bleeding into real-world meetings," the Journal wrote. The piece describes

Markets

Bill Gross: 'Don't Own Bonds and Be Cautious With Stocks'

Billionaire bond investor Bill Gross is steering clear of both major asset classes as US Treasury yields spike. "Don't own bonds and be cautious with stocks," Gross said, in comments highlighted by the Financial Times amid what the paper called a "vicious loop" of

Tech

Elon Musk Says 'Instagram Is for Girls,' Reigniting Meta Feud

On October 1, Elon Musk replied to a post by venture capital firm Geiger Capital, which had announced it "officially deleted Instagram," calling it "an inherently female app" with "zero benefit." Musk's full reply: "Instagram is for girls." The remark

pentagon

Pentagon Launches Office of Religious Affairs, Reporting Directly to Hegseth

BREAKING: the Pentagon is standing up a brand-new Office of Religious Affairs, and it will report directly to Secretary of Defense Pete Hegseth. Hegseth announced the move during his "State of the Force" address Wednesday at Marine Corps Base Quantico, Virginia. He said the office will give

fed

Fed's Logan Wants 50 Bps or More in Rate Hikes

The hiking cycle might not be over. Dallas Fed President Lorie Logan said Thursday the central bank will need to raise short-term rates by at least another half percentage point to make policy "modestly restrictive" and pull inflation back toward the Fed's 2% target. That&

housing

Housing Supply Just Hit a 6-Year High — But Buyers Are Still Sitting Out

Supply Is Flooding Back Housing supply just hit a 6-year high. The total number of homes for sale rose 3.9% from a month earlier to its highest level since 2020. Sellers are coming back. The mortgage-rate lock-in effect is fading, life circumstances are forcing moves, and

canada

More Than Half of Canadian Parents Are Still Bankrolling Their Adult Kids

The Bank of Mom and Dad Is Open More than half of Canadian parents are helping their adult children financially. An RBC survey of 1,000 Canadian parents with adult children aged 18 to 40 found that 51% provided financial assistance in the past year. The average tab was $6,

us-debt

US Debt Interest Bill Just Ate a Record 18.5% of Revenue

A New Record Nobody Wanted The US government is now spending a record 18.5% of its total revenue just to cover interest on its debt. That tops the previous record of 18.4% set back in 1991. In raw dollars, that works out to roughly $1.25 trillion in

Economy

Only 26% of Americans Approve of Trump's Handling of the Economy

The economy was supposed to be Trump's strong suit. Not anymore. A new AP-NORC poll finds that just 26% of U.S. adults approve of his handling of the economy overall, marking a new low. The Numbers His 26% approval on the economy marks a 14 percentage

cost of living

Only 17% of Americans Approve of Trump's Handling of the Cost of Living

The cost-of-living number is brutal. A new AP-NORC poll finds that only 17% of U.S. adults approve of Trump's handling of the cost of living. The Numbers The poll, conducted September 24-28 among 2,140 adults, shows a public that is fed up

Elon Musk

Elon Musk Will Advise the Pentagon on the Future of War

Musk is back inside the building. Defense Secretary Pete Hegseth announced that Elon Musk will co-lead Project Meridian, a new Pentagon study on the future of warfare. What Happened Hegseth unveiled Project Meridian during his "State of the Force" address at Marine Corps Base Quantico on September

iran

Iran Vows Decisive, Immediate, Painful, Lethal Response to Any US Attack

Iran just put the U.S. on notice. In a statement Friday marking the second anniversary of Operation True Promise II, Iran's Islamic Revolution Guards Corps (IRGC) declared that "the era of cost-free threats is over" and warned any act of aggression will draw a

trump

Trump Debuts Dumocrats at Dallas Convention: Nobody Knows That Dumb Has a B on the End

Trump has a new nickname for the other party, and he thinks it's marketing genius. At night one of the first-ever Republican midterm convention in Dallas, Texas, Trump unveiled his rebrand of the Democrats: the "Dumocrats." The pitch, in his own words: take the E

Defense

Baltic States Prep for Possible Russian Attack as NATO Eastern Flank Rearms

The Baltic states are done waiting around. According to a new report from The Atlantic, Lithuania, Latvia, and Estonia are intensifying military and civilian preparations for a possible Russian attack as uncertainty grows over future U.S. support for NATO. Europe's frontline is mobilizing The report describes military

Healthcare

Employer Health Plan Costs Projected to Surge 11% in 2027, Steepest Increase Since 2003

Employer health-plan costs are projected to surge 11% in 2027, the steepest baseline increase since 2003. The Marsh Survey According to Marsh's analysis of responses from over 1,800 U.S. employers, the total health benefit cost per employee is expected to rise 8.2% on average

Economy

The Top 1% Now Own Over 31% of U.S. Wealth, More Than the Entire Middle Class

The top 1% of U.S. households own over 31% of the nation's wealth, surpassing the total wealth held by the entire middle class (the middle 60%), per CBS. The Numbers Are Historic The top 1% of U.S. households held 31.7% of all household wealth in

Politics

Trump Says He Would Consider Preemptive Pardons for Administration Officials Before Leaving Office

BREAKING: Trump has said he is considering preemptively pardoning members of his administration before leaving office. What Trump Said President Donald Trump said in a new interview that he is considering preemptively pardoning members of his administration before the end of his second term. "Yeah, sure I'd

breaking

Trump: AI Is "Bigger Than the Internet"

Trump: AI is bigger than the Internet. The president is all in on AI, and he just said the quiet part out loud. What He Said In a new interview, Trump described the AI industry as "the industrial revolution, but bigger" and "the internet, but much bigger.

breaking

BREAKING: Chinese Refiners Suspend October Fuel Exports, per Reuters

BREAKING: Chinese refiners suspend October fuel exports, per Reuters. Global fuel markets just lost another supplier, and the timing could not be worse. What Happened Chinese refiners have suspended oil product exports for October, four people briefed on the matter told Reuters, as Beijing looks to preserve domestic stocks. China