Money, Wealth & Power—A Daily Look at the Financial World
The Congressional Budget Office now projects annual federal deficits climbing toward $3.1 trillion by 2036, with cumulative shortfalls over the next decade reaching roughly $24.4 trillion. That trajectory would push U.S. debt held by the public well past any level recorded since World War II, raising hard questions about whether Washington can sustain its borrowing…
Wall Street’s biggest banks are racing to adopt artificial intelligence, and their CEOs rarely miss a chance to praise the technology’s potential. But a closer look at what these institutions actually tell regulators about their workforces reveals a striking gap between boardroom optimism and the cautious, sometimes vague language buried in official filings. That disconnect…
Mayor Zohran Mamdani promised New Yorkers a concrete path to lower costs through rent freezes, universal child care, and fare-free buses. Weeks into office, his administration has already acknowledged a budget crisis inherited from the Adams era, and the fiscal math behind those campaign pledges looks increasingly difficult to reconcile with the city’s actual balance…
The partial federal government shutdown that began on January 31, 2026, after Congress failed to reach a funding agreement, has settled into a stalemate with no resolution on the calendar. Lawmakers left Washington for a recess without passing the spending bills needed to reopen affected agencies, and the procedural machinery in the Senate has already…
The White House issued a proclamation in June 2025 raising tariffs on aluminum and steel imports to 50% ad valorem, the latest in a series of escalating trade actions that have rattled equity markets and injected fresh uncertainty into the retirement savings of millions of Americans. Most people saving for retirement through 401(k) plans or…
The federal government collected over $100 billion in customs revenue during fiscal year 2025, and nearly all of that money came from American businesses writing checks to U.S. Customs and Border Protection, not from foreign governments. That basic fact sits at the center of a growing disconnect between how the Trump administration frames its tariff…
The Trump administration just pulled off what it calls the single largest deregulatory action in U.S. history, rescinding the 2009 greenhouse gas endangerment finding and repealing federal vehicle emission standards. The White House has framed the move as a blow against “job‑killing regulations,” asserting that American families will save over $2,400 per vehicle and that…
Two of the most prominent names in technology, Sam Altman and Bill Gates, are channeling significant capital into nuclear energy ventures that aim to produce carbon-free electricity at scale. Their bets span fission and fusion, including advanced sodium-cooled reactors and experimental plasma machines, and recent regulatory and financial milestones suggest these are no longer theoretical…
The United States finds itself locked in a financial and strategic relationship with Europe that neither side can easily exit. Alpine Macro strategist Dan Alamariu argues that American global dominance depends on maintaining European alliances, and that walking away would carry severe consequences for the dollar and U.S. fiscal health. The analogy of a loveless…
Americans are reshuffling across state lines at a striking pace, and the latest data from federal agencies and private moving companies reveals a clear pattern: Sun Belt states are absorbing residents while a handful of high-cost northeastern and midwestern states continue to lose them. The U.S. population reached 342 million, yet overall growth slowed, making…