2+ day, 11+ hour ago   (640+ words) U.S. government bond yields have jumped to new multiyear highs — which will result in higher costs for mortgages, car loans, student loans, and all other borrowing. In other words, the affordability crisis is growing even worse. Treasury secretary Scott Bessent isn’t…...

5+ day, 34+ min ago   (741+ words) With the midterm races officially beginning this week, a big question hanging over the Republican Party is how Trump will allocate his giant stash of super PAC money. As of July 31, MAGA Inc. had more than $400 million on hand, larger…...

1+ week, 1+ day ago   (589+ words) The Labor Department reported this morning that the United States added 162,000 jobs in August. That’s more than expected, especially given how few jobs the country has added over the last few months. But there are three real reasons to be…...

2+ week, 4+ day ago   (152+ words) Robert Reich | Substack Office Hours: Will Anything Good Come of This Trumpian Awfulness? In search of a silver lining Many of you are frightened, anxious, and in despair about this country. I feel many of these same emotions. But today…...

3+ week, 2+ day ago   (524+ words) Trump says he directed Defense Secretary Pete Hegseth to “substantially reduce” military drills with South Korea, citing his “very good relationship with North Korean leader Kim Jong Un” — whom he calls “unthreatening and respectful.” Kim Jong Un is unthreatening and…...

3+ week, 3+ day ago   (800+ words) The U.S. national debt has officially surpassed $40 trillion, months earlier than forecasters had expected — because of billions of dollars in lost revenue from Trump’s invalidated tariffs, Trump’s tax cuts (mostly to big corporations and the very wealthy), and the soaring costs…...