What Is the Debt Ceiling and Why Does It Matter?

Published on June 12, 2025

What's the debt ceiling? Learn how the debt ceiling works and how a default on federal debt could impact the U.S. stock market and economy.

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Unemployment Insurance Weekly Claims Report

June 12, 2025
In the week ending June 7, the advance figure for seasonally adjusted initial claims was 248,000, unchanged from the previous week's revised level. The previous week's level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 240,250, an increase of 5,000 from the previous week's revised average. This is the highest level for this average since August 26, 2023 when it wa

Will the Trump Tax Cuts Pay for Themselves?

June 12, 2025
Supporters of tax cuts argue that they eventually "pay for themselves" and lower deficits through economic growth and increased revenue, even without significant spending cuts.