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  2. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    In 2023, Moody's Analytics estimated that a protracted breach of the debt ceiling would cause comparable effects to the 2008 economic crisis. It said it could cost the economy more than 7 million ...

  3. New House GOP budget proposal revives Farm Bill extension and ...

    www.aol.com/collapse-budget-deal-over-trumps...

    American farmers are hoping that aid to agriculture will be revived as Congress struggles to pass a short-term spending bill that would keep the federal government funded and avert a looming ...

  4. Explainer-How quickly can Trump's Musk-led efficiency panel ...

    www.aol.com/news/explainer-quickly-trumps-musk...

    That can take months or longer. Agency rules can also be wiped out by Congress with the president's approval, but only within a short period after they are enacted, so that process cannot be used ...

  5. Effects of economic inequality - Wikipedia

    en.wikipedia.org/wiki/Effects_of_economic_inequality

    Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]

  6. Social Security Fairness Act could restore benefits, but ...

    www.aol.com/social-security-fairness-act-could...

    The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.

  7. Law of value - Wikipedia

    en.wikipedia.org/wiki/Law_of_Value

    For Marx, economic value in capitalist society was an objectified social characteristic of labour-products, exchanged in an economic community, given the physical reality that products took a definite amount of society's labour-time to produce, for a given demand.

  8. It's the economy, stupid - Wikipedia

    en.wikipedia.org/wiki/It's_the_economy,_stupid

    The economy, stupid" is a phrase that was coined by James Carville in 1992. It is often quoted from a televised quip by Carville as "It’s the economy, stupid." Carville was a strategist in Bill Clinton's successful 1992 U.S. presidential election against incumbent George H. W. Bush. His phrase was directed at the campaign's workers and ...

  9. Here's how the Fed's interest rate cut today could impact ...

    www.aol.com/heres-expect-feds-interest-rate...

    The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...