Income inequality is soaring in the U.S., sparking a national debate: Should the super‑rich face a wealth tax?

For years, warnings about government deficits and borrowing sounded abstract. It was an afterthought – something for TV pundits and bond traders. Now the numbers are big enough, and the interest bills ...

If you thought it was scary when the Treasury Department recently dropped a financial bomb, announcing the deficit for fiscal year 2023 was $1.7 trillion, please sit down before you read on. The ...