Trump Administration Considers Capital Gains Tax Breaks on Home Sales Ahead of Midterms
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Trump Administration Considers Capital Gains Tax Breaks on Home Sales Ahead of Midterms

Economic officials within the administration are exploring potential tax-break proposals, including expanded capital gains exemptions for individuals selling their primary residences. The discussions have brought renewed attention to the current Section 121 exclusion thresholds, which have remained unchanged since 1997 at $250,000 for single filers and $500,000 for married couples filing jointly. While supporters argue […]

US Budget Deficit Hits Highest Level Since 2021 Amid Spiking Medicare Costs and Debt Servicing
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US Budget Deficit Hits Highest Level Since 2021 Amid Spiking Medicare Costs and Debt Servicing

The United States federal budget deficit climbed sharply in July, reaching $432.3 billion—its highest monthly total since March 2021. This substantial increase was largely propelled by a significant surge in Medicare expenses and ongoing pressures from national debt servicing costs, highlighting persistent fiscal challenges for the government. With this latest shortfall, the collective fiscal gap […]

U.S. Inflation Eases Slightly to 3.4% in July Amid Persistent Energy Pressures from Iran Conflict
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U.S. Inflation Eases Slightly to 3.4% in July Amid Persistent Energy Pressures from Iran Conflict

The United States consumer price index (CPI) experienced a modest deceleration in July 2026, registering a 3.4% year-over-year increase. This figure represents a slight decline from the 3.5% annual rate recorded in June, signaling a gradual moderation in overall inflationary pressures. Despite this downward trajectory, persistent geopolitical tensions—specifically the ongoing conflict between the U.S. and […]