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National debt tops $40 trillion after doubling in less than a decade, Treasury data shows

The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs.   The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…

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Pandemic-era inflation left millions of workers with a lasting pay cut. Now it’s happening again.

American workers’ wages are once again failing to keep up with inflation — a painful financial déjà vu of the pandemic years.  The repeat situation may feel even more acute given that many workers are still catching up from the 2021-2022 inflationary bout, when companies gave workers only moderate pay raises that fell short of four-decade-high price…

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South Carolina to hold first 2028 Democratic presidential primary, DNC vote confirms

Democrats on Saturday approved a new presidential nominating calendar for 2028, cementing South Carolina’s place as the first official Democratic primary state, as the party looks to elevate states that better reflect its diverse coalition of voters. The vote came during the Democratic National Committee’s summer meeting in Austin, where members signed off on a schedule that…

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