Economist examines US debt limit impact

It's not exactly comforting that the United States is running up against its debt limit, as officials announced this week, nor is there immediate cause for concern for the average taxpayer, says University of Michigan economist ...

Student debt forgiveness causes monthly deficit to jump 562%

The Treasury Department said Friday the federal budget deficit was 562% higher on a monthly basis compared with September 2021, largely reflecting President Joe Biden's plans to forgive student debt as several years' worth ...

Economists weigh a new approach to unemployment insurance

Unemployment insurance is a lifeline for many people when work goes away. And when times get really bad in the U.S.—in recessions and during the COVID-19 pandemic—Congress has extended the duration of unemployment benefits ...

After wildfires, California communities struggle with budgets

California is a wildfire hot spot: each year, homes, businesses, and ecosystems are destroyed by fires exacerbated by climate change. But even after the blazes subside, wildfires can still threaten community wellbeing. A ...

Canada to hasten efforts to reduce carbon footprint: report

Prime Minister Justin Trudeau will announce stepped up efforts to reduce Canada's carbon footprint when he meets other world leaders at a virtual climate summit hosted by US President Joe Biden this week, a media report said ...

How Canada could benefit from a carbon budget

Canadians have understandably been preoccupied by the COVID-19 emergency. Yet the climate emergency that prompted hundreds of thousands to march in the streets in September 2019 has not subsided.

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