Interest on the $38.8 trillion national debt has tripled since 2020, topping defense and Medicaid
The United States is now paying nearly $970 billion a year just to service the interest on its $38.8 trillion ...
Tag: national debt
Why Ray Dalio, Scott Bessent and others are rallying around a ‘3% solution’ to the national debt
These days Republicans and Democrats can’t seem to agree on, well, anything. But suddenly, a bi-partisan consensus is building in ...
U.S. debt concerns weigh on Trump’s plan to supersize the Pentagon’s budget to $1.5 trillion
President Donald Trump’s plan to boost defense spending 50% to $1.5 trillion has reportedly run into some resistance, including fears ...
US debt spiral could start in coming years when interest rate on borrowing tops GDP growth
Total federal debt is nearing an ominous milestone in a few years, but a potentially more troubling tipping point could ...
‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years
The United States is on a collision course with its own history, and about to break fiscal records in the ...
Elon Musk warns the U.S. is ‘1,000% going to go bankrupt’ unless AI and robotics solve debt crisis
Tesla CEO Elon Musk doubled down on his warnings about U.S. debt, predicting financial doom will be guaranteed without the ...
As national debt heads toward $40 trillion, U.S. needs a stable dollar, former Fed president says
President Donald Trump welcomed the dollar’s recent decline, but a former Federal Reserve president said the astronomical size of U.S. ...
$38 trillion national debt finds Democratic, Republican supermajority as watchdog sees ‘a major problem for America’s economic future’
In a political landscape often defined by deep partisan divides, a striking consensus has emerged among American voters regarding the ...
Greenland deal won’t solve US-Europe ‘alienation’ says Macquarie
If geopolitics had a thermometer, the mercury would have dropped by a couple of degrees over the last 48 hours. ...
Ken Griffin says bond market has sent ‘explicit warning’ on national debt
While it might appear that the most significant updates about the global economy are currently coming from a small town ...
Deutsche Bank says US national debt is ‘achilles heel’ in Trump’s Greenland threats
President Trump may be overplaying his hand in negotiations for Greenland, economists are warning, after the Oval Office threatened new ...
National debt is already killing the American Dream, says economist Kurt Couchman
The government’s $38.5 trillion national debt is suffocating the American Dream, a leading economist has warned, and if a highly ...
Trump’s $1.5 trillion military budget would add $5.8 trillion to the national debt, CRFB says
A sudden proposal on social media from President Donald Trump to increase U.S. military spending to $1.5 trillion for Fiscal ...
Trump’s Venezuela plan just got a whole lot more expensive, as he says the U.S. could give ‘tremendous’ sums to oil companies building there
Despite capturing Venezuela’s president, Nicolás Maduro, and his wife, Cilia Flores, Donald Trump’s intervention in the nation has so far ...
U.S. debt’s ‘easy times’ are now over as hedge funds jump into the bond market
The holders of U.S. debt have shifted drastically over the past decade, tilting more toward profit-driven private investors and away ...
US debt crisis: Most likely fix is severe austerity triggered by a fiscal calamity
One way or another, U.S. debt will stop expanding unsustainably, but the most likely outcome is also among the most ...
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