This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. Amid all the blaring headlines coming out of Washington, here’s a piece of news that is getting far too little attention: The US is on course for fiscal breakdown. That’s the unambiguous message from the Congressional Budget Office’s newly updated long-term projections. Unless Congress changes course, there’ll be a reckoning, and it will be grim. As the CBO details, deficit spending is more out of control than ever. Both parties share the blame, as do both ends of Pennsylvania Avenue. And all should remember that investors’ appetite for US government debt isn’t limitless.
Read the whole thing for free. Cory Booker’s 25-Hour Speech Was a Stunt. It Worked. — Nia-Malika Henderson If the Switch 2 Stumbles, Nintendo Has No Plan B — Gearoid Reidy and Taylor Tyson You Can NOT Be Serious! — John Authers Here’s How Trump Could Serve a Third Term — Barbara McQuade The Coming Recession Will Be Self-Inflicted — Kathryn Edwards Big Pharma Should Be Worried About Who RFK Jr. Fires Next — Lisa Jarvis Is Champagne’s Bubble About to Burst? — Lara Williams The S&P 500’s Safety Nets Are Gone — Jonathan Levin Is This Really How American Exceptionalism Ends? — Allison Schrager More From Bloomberg Opinion | Want to test your knowledge of the week? Try out Bloomberg News’ Pointed quiz, a first-of-its-kind trivia game that allows you to place bets on your own smarts. |