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The nonpartisan Congressional Budget Offices 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social Security, Medicare, and debt service payments. Compared with the CBOs analysis this time last year, the fiscal outlook has deteriorated modestly. Major developments over the last year are factored into the latest report, released Wednesday, including Republicans’ tax and spending measure known as the One Big Beautiful Bill Act, higher tariffs, and the Trump administration’s crackdown on immigration, which includes deporting millions of immigrants from mainland U.S. As a result of these changes, the projected 2026 deficit is about $100 billion higher, and total deficits from 2026 to 2035 are $1.4 trillion larger, while debt held by the public is projected to rise from 101% of GDP to 120% exceeding historical highs. Notably, the CBO says higher tariffs partially offset some of those increases by raising federal revenue by $3 trillion, but that also comes with higher inflation from 2026 to 2029. Rising debt and debt service are important because repaying investors for borrowed money crowds out government spending on basic needs such as roads, infrastructure, and education, which enable investments in future economic growth. Congressional Budget Office projections also indicate that inflation doesn’t hit the Federal Reserves 2% target rate until 2030. Jonathan Burks, executive vice president of economic and health policy at the Bipartisan Policy Center said large deficits are unprecedented for a growing, peacetime economy, though the good news is there is still time for policymakers to correct course.” We encourage lawmakers to work together to explore options for raising revenue, trimming spending, and slowing the growth of the major cost drivers, Burks said. “Congress and the administration should seize the opportunity to act now before the available menu of choices becomes much more painful. Lawmakers have recently addressed rising federal debt and deficits primarily through targeted spending caps and debt limit suspensions, as well as deploying extraordinary measures when the U.S. is close to hitting its statutory spending limit, though these measures have often been accompanied by new, large-scale spending or tax policies that maintain high deficit levels. And President Donald Trump at the start of his second term deployed a Department of Government Efficiency, which set a goal to balance the budget by cutting $2 trillion in waste, fraud, and abuse; however, budget analysts estimate that DOGE cut anywhere between $1.4 billion and $7 billion, largely through workforce firings. Michael Peterson, CEO of the Peterson Foundation said the CBOs latest budget projection is an urgent warning to our leaders about Americas costly fiscal path. This election year, voters understand the connection between rising debt and their personal economic condition. And the financial markets are watching. Stabilizing our debt is an essential part of improving affordability, and must be a core component of the 2026 campaign conversation. By Fatima Hussein, Associated Press
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E-Commerce
Amazon is expanding its same-day delivery services for its Pharmacy. In an announcement Wednesday the company said plans to bring Amazon Pharmacy to nearly 4,500 locations around the country, which is an addition of around 2,000 cities and towns by the end of 2026. Amazon Pharmacy was first launched in 2020 in 45 U.S. states. By 2023, it served some locations in all 50. But the service has been continuously expanding to cover a growing number of locations since its launch while offering same-day delivery in more cities. Per Amazon’s announcement, the most recent expansion will now offer same-day delivery to its newly served customers in Idaho and Massachusetts. “Patients shouldn’t have to choose between speed, cost, and convenience when it comes to their medication, regardless of where they live,” John Love, vice president of Amazon Pharmacy, said in the announcement. “By combining our pharmacy expertise with our logistics network, we’re removing critical barriers and helping patients start treatment fastersetting a new standard for accessible, digital-forward pharmacy care.” Amazon Pharmacy has served as a competitor to traditional pharmacies since its launch, offering home delivery on most name brand and generic prescription medications. In 2023, Amazon also launched RxPass, a monthly subscription that offers Prime members in the U.S. as many generic versions of medications as they need for a $5 monthly fee. Additionally, in December, the delivery giant began testing in-office pharmaceutical kiosks filled with medicine at certain One Medical locations. The kiosks aimed to help combat pharmacy deserts, or areas in the U.S. where traditional pharmacies have become more and more scarce. According to research published in JAMA Network in 2024, around 15.8 million people in the U.S. live in pharmacy deserts. Unsurprisingly, areas with decreasing access to pharmacies are disproportionately affecting more socially vulnerable individuals.Amazon’s announcement addressed the issue of a growing number of unserved communities in the announcement, explaining, “In pharmacy deserts, Amazon Pharmacy helps fill critical gaps through 24/7 access to licensed pharmacists, automatic refills, and PillPack from Amazon Pharmacy.” It continued, “PillPack from Amazon Pharmacy organizes medications by dose and time into easy-to-open packets and delivers them monthly to help customers and caregivers manage multiple prescriptions more reliably. In 2025, Amazon Pharmacy also introduced a caregiver support feature to help families manage medications for loved ones.”
Category:
E-Commerce
Threads is testing a simpler way for people to nudge their feed in a specific direction without digging through settings or retraining the algorithm long term. The new feature, called Dear Algo, lets users tell Threads what they want to see more or less of for a short period of time. Instead of relying only on likes, follows, and past behavior, you can now directly ask the app to adjust what shows up in your feed. It works by writing a public post that starts with Dear Algo, followed by your request. For instance, Dear Algo, show me more posts about podcasts, or Dear Algo, show me fewer posts about spoilers for Heated Rivalry. After you post it, Threads adjusts your feed for the next three days based on what you asked for. The change is temporary on purpose. During a live NBA game, you might want your feed filled with reactions and commentary. A day later, you might want to move on to something else. Dear Algo lets you make those shifts without permanently changing how the algorithm understands you. A public request others can use [Image: Meta] These requests are regular posts, not private settings. Other users can see them, interact with them, and repost them. If you repost someone elses Dear Algo request, Threads applies those same preferences to your feed for three days. This turns feed preferences into a kind of discovery tool. If someone you follow is deep into a niche conversation you have not seen yet, you can try their version of the feed for a few days. A more direct way to guide the feed [Image: Meta] Most social platforms offer some form of feed control, but its usually tucked into menus or tied to long term settings. Controlling your algorithm shouldnt be complicated. It should feel like a normal part of using the app, Connor Hayes, head of Threads at parent company Meta Platforms, tells Fast Company. We saw our community experimenting with Dear Algo posts to shape their feed, which inspired us to turn that behavior into an official feature that feels unique to Threads. He added, When what you care about shiftswhether its a big game tonight or a TV premiere next weekyou should be able to tell your feed to shift with you. This is about making Threads the most timely and essential place for whats happening right now. Where it is available Dear Algo is rolling out now in the United States, New Zealand, Australia, and the United Kingdom, with plans to expand to more countries.
Category:
E-Commerce
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