The economic policies of Trump are bleeding the US economy, impacting the average US consumer as well as adversely effecting global economic stability.

The homelessness crisis is particularly severe in the state of California. According to a study by the University of California, over 171,000 people are homeless in the rich Western State.

The threat of a US default was raised a notch on Friday after a "pause" in debt ceiling talks between the White House and the Republican opposition as the two sides wrangle with deep disagreements.

The Republican-led House of Representatives has passed a bill that would boost the US $31.4 trillion federal debt ceiling in exchange for slashing government spending.

Senator Bernie Sanders says millions of Americans are falling further and further behind economically.

Climate change may trigger asset value losses in coming years that could cascade through the US financial system, according to US Treasury Secretary Janet Yellen.

A gloomier outlook on where jobs, incomes and business conditions are headed is weighing on American consumers, with US consumer confidence falling for a second straight month, said survey data released Tuesday.