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Economy
The Great Fiscal Reckoning: National debt sustainability in the U.S.
Massive federal debt and structural deficits have established a regime of fiscal dominance that now overrides traditional monetary policy.
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China industrial profits rise 21.1% in May, down 3.6 percentage points from April
January–May profits climbed 18.8% year over year, led by electronics makers, while automakers and furniture producers logged declines.
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Kalshi prices 14.2% odds of 2.6% to 3.0% GDP growth in 2026
Bessent said U.S. GDP can return to 3% this year, but first-quarter growth was 1.6% after 0.5% in the prior quarter.
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Bessent Says U.S. GDP Can Return to 3% Growth This Year
Bessent said U.S. growth could return to 3% this year after GDP rose 1.6% in the first quarter following 0.5% growth in the fourth quarter of 2025.
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