Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

We cannot know what the next dominant currency regime will be because all regimes are different

Even if the central bank under Mr. Warsh defies Mr. Trump and keeps trying to do its job, it will face a second problem: Its hands will be increasingly tied by the federal debt. The government’s dependence on borrowed money is growing at an unsustainable rate. The Treasury paid $970 billion in interest last year, or about 19 cents of every dollar collected in taxes. By 2035, interest payments on the debt could consume 27 cents of every tax dollar.

Dario Amodei posts 20,000-word essay detailing potentially catastrophic risks from powerful technology in years to come

The Maga activist on rifts within the right, his primary race against Trump confidant Lindsey Graham — and the president’s mistake over the Epstein files