The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the next decade. If the current debt trajectory continues unabated, it could set off a slow motion debt spiral that could endanger the Federal Reserve’s independence.

Halfway through 2025, the U.S. stands out as the world’s biggest loser in an otherwise thriving global tourism economy.

The federal judges who stewarded these cases deserve more respect than that.