Bongino states that Social Security's own actuaries have projected the program will exhaust its trust fund IOUs by 2034, calling it effectively bankrupt now.
Nine months into the fiscal year, the federal government is more than $1.3 trillion in the red.
Just paying interest on accumulated federal debt has cost more than $1 trillion in the last nine months — more than nearly any other single government program except Social Security.
The Treasury Department has paid more than $80 billion in refunds for tariffs that were collected illegally after the Supreme Court struck them down.
A 12-state coalition filed a lawsuit to block Paramount's $81 billion takeover of Warner Bros. Discovery, arguing it would harm competition.
Twelve states, led by California's attorney general, sued to block the Paramount-Warner Bros. Discovery merger on antitrust grounds.
US consumer spending rose 6.3% in June year-over-year, the strongest growth in four years, driven by the World Cup and early Amazon Prime Day.
The World Cup helped drive the strongest consumer spending growth in the US in four years during June 2026.
Despite strong wage growth, US consumer spending is rising faster than earnings, raising concerns about sustainability after World Cup-fueled gains.
Gen Z borrowers carry more credit card debt than millennials did at the same age, despite having access to more financial information than any previous generation.
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