The US punished India for its energy imports from Russia by imposing additional 25% tariffs on it, thus bringing their total tariffs to 50%, despite China and the EU being the largest respective importers of Russian oil and LNG according to Minister of External Affairs Dr. Subrahmanyam Jaishankar. Treasury Secretary Scott Bessent defended this policy by accu...
The U.S. federal debt has now passed $37 trillion and is growing at the rate of $1 trillion every five months. Interest on the debt exceeds $1 trillion annually, second only to Social Security in the federal budget. The military outlay is also close to $1 trillion, consuming nearly half of the discretionary budget. As a sovereign nation, the United States co...