Why the U.S. is nearly $2 trillion in the red this year

The federal budget picture for 2026 is not looking too hot. Just in July, the government borrowed $432 billion — that’s $14 billion a day. We explain what’s behind the record-breaking national debt, and what it would take to pay it back. Then, we explore how relentless heat waves in Italy are creating dire conditions for the country’s cheese banks — yes, literal banks, where wheels of Parmigiano…