Donald Trump’s massive tax cuts and other economic policies will add $1.4 trillion to the federal government’s debt through 2035, the nonpartisan Congressional Budget Office (CBO) said in an update last week.
Category: 17 February 2026
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CREDIT STRESS CLIMBS UP THE INCOME LADDER
Until recently, low-earning households were the almost exclusive clientele credit counselors served.
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U.S. INFLATION SLOWS MORE THAN EXPECTED IN JANUARY
Inflation’s pace in the U.S. moderated to 2.4 percent last month, led by a decline in gasoline prices amid a global oil glut and a slowdown in the rate of rent increases.
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OCASIO-CORTEZ PROVES HERSELF TO BE ‘IMPERIALIST STRATEGIST’ AT MUNICH SECURITY CONFERENCE, WSWS SAYS
Rep. Alexandria Ocasio-Cortez, D-N.Y., who likes to bill herself as a progressive capable of standing up to the old guard in the U.S., proved to be nothing more than an establishment tool when she addressed the Munich Security Council last week and talked about the need for the U.S. to stand up against Iran and Russia to help prevent the spread of authoritarianism.
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THE AMERICAN ECONOMY CONTINUES TO SHARPEN ITS DIVIDE
The so-called “K-shaped” U.S. economy continues to widen the gap between elite, affluent spenders and the more than half of American households that struggle to pay their bills, various news outlets are reporting.
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GEN Z REVOLUTION: BANGLADESH ELECTS NEW GOVERNMENT AFTER 2024 OUSTER
Bangladesh held its first nation-wide election since the fall of the government in 2024 that was triggered by Gen-Z and voted in favor of the Nationalist Party with a mandate to carry out policies to benefit the country’s young population.
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ICE MEMO LAYS OUT PLAN TO BUILD IMMIGRANT ‘CONCENTRATION CAMP NETWORK,’ WSWS SAYS
ICE issued an internal memo last week that lays out plans to develop “mega-centers” to hold illegal immigrants who have been detained during sweeps across the country that include “eight large-scale detention centers and 16 processing sites” just in time for the Midterm Elections in November, WSWS reported.
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GERMANY ACCUSED OF SPENDING TOO MUCH OF MILITARY BUDGET ON ANTIQUATED WEAPONS
Germany has announced that it will spend hundreds of billions of dollars to upgrade its military in what Berlin sees as a threat from Russia, compounded by an unreliable partner in the U.S., but critics say the spending is largely going to antiquated systems that benefit arms manufacturers at the expense of security.
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GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs and declining demand.
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CANADA’S MILITARY SPENDING ILLUSION
Canada plans to provide a jolt to its economy by increasing military spending and rewarding domestic companies with contracts that it believes will spur job growth over the coming years, according to a new report.