Given the recent controversy at the Bureau of Labor Statistics (BLS), it is a good time to examine the BLS and the general accuracy of its data.

Are underfunded state pensions the next crisis in the making? Maybe. The financial health of U.S. state pension systems has improved recently, but this progress is built on a fragile foundation, exposing deep structural risks that threaten long-term sustainability.

A severe crisis looms for the United States federal student loan system. The first is a severe repayment crisis. The second is one of fiscal unsustainability for the federal government. The current portfolio of student loan debt sits at $1.77T, an astoundingly large sum. The federal student loan system underwrites 92% of all student loans, equaling 42.7M borrowers.

It's unusual to see disagreement at the Fed, especially from someone who thinks they should be less aggressive. But when it happens, it's a big deal. Even though it doesn't happen often, these disagreements often hint at future changes and push against the Fed's tendency to stick with the status quo.