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FEDERAL DEBT REDUCTION
Why has the average mortgage payment crossed $2,000, and how can you lower yours as mortgage rates remain stubbornly high in 2026?The average mortgage payment has surged past $2,000 for the first time, reaching $2,005 as high mortgage rates, rising home prices, and per...- India considers spending curbs to protect fiscal deficit targetIndia's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals...
- India insurers seek doubling of tax-free limit for some products to boost inflows, sources sayIndian life insurers are asking the government to double the tax-free limit for insurance policies. This move aims to increase money flowin...
- 2026 IRS Tax Refund: How to track your money and when you’ll get paid - Check the average refund amountThe 2026 IRS tax refund season is underway, with millions awaiting their 2025 tax return payments. E-filed returns with direct deposit are ...
- Is a deeper bond crash ahead? From Washington to Tokyo, governments are paying the highest borrowing costs in decades as global bond yields surge — why are investors dumping bonds?Global Bond Yields Spike to Multi-Decade Highs as Iran War Fuels Inflation Crisis: From Washington to Tokyo, governments are now paying the...
- U.S. Treasury to borrow $2 trillion in 2026 as national debt nears $39 trillion — is America quietly entering a dangerous fiscal crisis beyond Washington’s control?U.S. Treasury is set to borrow over $2 trillion in fiscal year 2026, a federal deficit exceeding 6% of GDP. The Office of Management and Bu...
- Social Security benefit cap proposal warning: will this new limit quietly cut how much retirees receive annually?Social Security benefits cap proposal 2026 is reshaping retirement talks in the US. A key warning shows a $230 billion annual shortfall in ...
- US national debt crosses 100% of GDP: America now owes more than its entire economy produces — and the $1 trillion interest payments alone now outpace the PentagonU.S. debt-to-GDP ratio hit 100.2% on March 31: For the first time since the ruins of World War II, the United States national debt has surp...
- Big student loan changes in 2026: Fewer plans, new limits, and key updates explainedThe 2026 student loan changes bring new rules for borrowers in the U.S. There will be fewer repayment plans and stricter borrowing limits f...
- Are mortgage interest rates and FHA loan rates finally dropping or staying high? Mortgage rates in the USA hit 6.1% on April 23, 2026— what homebuyers need to know nowMortgage and refinance interest rates today, April 23, 2026, hold steady near 6.10% for 30-year fixed loans. Mortgage interest rates are ea...
- US Stock Market: Warsh signals push for smaller Fed balance sheet with Treasury coordinationKevin Warsh signalled a shift in Federal Reserve policy, advocating a smaller balance sheet coordinated with the U.S. Treasury. He emphasis...
- Falling trust in America is a Pandora’s box for the global economyThe TACO trade, a bet on Trump backing down from market-rattling actions, seems outdated as his Iran war and global policy shifts create un...
- You could lose Social Security over these 3 surprising mistakes — check nowUp to 85% of Social Security benefits can be taxed in 2026. Many retirees still don’t know this rule. Social Security benefits are not alwa...
- Another crisis in US looms large as deadline nears for 5 million student loan borrowersStarting May 5, the US Department of Education will send defaulted student loans into collections from around 5 million borrowers. This mar...
- India to move away from fiscal deficit targeting after FY26India will shift from targeting a specific fiscal deficit level after 2025-26 to using the debt-to-GDP ratio as the fiscal policy anchor, a...
- US national debt crosses $31 trillion. Read detailsUS national debt has surpassed $31 trillion. The grim milestone was achieved even when the federal government's excessive spending has dras...
- US starts fiscal year with record $31 trillion gross national debtEdging closer to the statutory ceiling of roughly $31.4 trillion - an artificial cap Congress placed on the U.S. government's ability to bo...
- India's problem is much better than that of developed world: James E Glassman, JP Morgan ChaseJames E Glassman, MD, JP Morgan Chase & Co, talks about Obama’s debt reduction plan and whether QE3 will make sense after QE2
- $1 trillion on the table in U.S. debt talksU.S. lawmakers are weighing $1 trillion in deficit-cutting measures as part of a possible deal that would allow an increase in the country'...
- AIG closes two deals with New York Fed,lowers debt to USD17 bnTroubled insurer American International Group has closed a deal with the New York Federal Reserve (FRBNY) in a move to reduce its overall d...
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