Report: U.S. National Debt to Hit Staggering $53 Trillion by 2035, Exceeding GDP

America’s national debt is on track to explode from $37 trillion today to $53 trillion by 2035—120% of GDP—according to a new report from the Committee for a Responsible Federal Budget. This projection exceeds previous estimates by $1 trillion. The numbers are staggering: yearly deficits will grow from $1.7 trillion to $2.6 trillion, totaling $22.7 trillion over the next decade. Most alarming is the debt service burden—annual interest payments will nearly double from $1 trillion to $1.8 trillion by 2035. The fiscal deterioration stems largely from July’s “One Big Beautiful Bill Act,” which permanently extended the 2017 tax cuts at […]

Outcrop Silver Strikes Bonanza-Grade Discovery: 1,877 g/t Silver at Colombia’s Morena Vein

Outcrop Silver & Gold has discovered exceptionally high-grade silver and gold at its Morena vein in Colombia’s Santa Ana project. The standout intercept yielded 1,877 grams of silver per ton and 4.26 grams of gold per ton over 0.55 meters (1.8 feet), equaling 2,197 grams silver equivalent per ton. This marks the sixth new high-grade discovery since April 2024. The Morena vein has been traced for 400 meters along strike and 300 meters down dip, with drilling totaling 2,905 meters. The discovery adds to Santa Ana’s existing resource of 24.2 million ounces silver equivalent and positions the project for a […]

Powell Pivots: Fed Chair Signals September Rate Cut as Job Market Weakens

Fed Chair Jerome Powell signaled a potential September rate cut at Jackson Hole, stating the economic outlook “may warrant” adjusting policy stance. While acknowledging inflation risks remain “tilted to the upside” due to visible tariff pressures, Powell emphasized concerns about the labor market’s unusual balance and rising employment risks. Markets reacted enthusiastically, with stocks soaring and CME data showing September rate cut odds jumping above 90%. The Fed currently holds rates at 4.25%-4.50%, but recent weak jobs data—averaging just 35,000 monthly gains over three months—has intensified debate among Fed officials about the need for policy easing.

Rate Cut Dilemma: Powell Must Balance Trump’s Demands Against Fed Credibility on Inflation

Fed Chair Jerome Powell faces a high-stakes decision at Friday’s Jackson Hole speech amid intense pressure from President Trump for rate cuts and mixed economic signals. While Trump demands rates be slashed to 1% and investors expect a September cut, inflation remains above the Fed’s 2% target and is expected to rise further due to tariffs. Powell may seek middle ground, opening the door to possible cuts without firm commitments. The speech comes as Trump escalates attacks on Fed independence, demanding Governor Lisa Cook resign and threatening Powell’s position ahead of his term ending in May.

Fed Chair to Unveil Policy Overhaul Amid Trump Pressure at Final Jackson Hole

Fed Chair Jerome Powell delivers his final Jackson Hole speech Friday amid intense debate over potential rate cuts and political pressure from the Trump administration. While markets assign 75% odds to a September rate cut, Fed officials remain divided. Powell is expected to announce major changes to the Fed’s policy framework, including dropping the “average inflation targeting” strategy adopted in 2020. The speech comes as President Trump calls for Fed Governor Lisa Cook’s resignation and continues pressuring for lower interest rates.

Traders Scale Back Rate Cut Bets, Sending Gold Lower Ahead of Jackson Hole

Gold prices dipped slightly to around $3,330 per ounce as traders reduced their expectations for Federal Reserve rate cuts. Strong U.S. manufacturing data showed factories expanding at their fastest pace in over three years, raising inflation concerns. Markets now see only a 73% chance of a rate cut next month, down from 90% last week. All eyes are on Fed Chair Jerome Powell’s speech at Jackson Hole on Friday for clues about future monetary policy.