Director of the CBO—known for gloomy national debt data—is optimistic that a crisis will be avoided
Dr Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy.This fact is perhaps ...
Tag: national debt
The explosion of U.S. debt is wiping out the ‘safety premium’ of Treasury bonds, IMF warns
Soaring U.S. debt is causing Treasury bonds to lose their risk advantage over other securities, making it more expensive to ...
Something is different about Trump’s $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says
German Enlightenment philosopher Immanuel Kant argued in his 1795 essay Perpetual Peace: A Philosophical Sketch, that nations should conduct themselves ...
Trump, $39 trillion national debt, rosy growth assumptions and the question of ‘a sustainable path’
President Trump’s fiscal year 2027 budget is built on a single, load-bearing bet: that the U.S. economy can grow at ...
A $10 billion ‘slush fund’ to pay TSA agents: Trump’s latest unilateral loophole, explained
There’s an idea about how political power is supposed to work in the U.S. To guard against anything resembling monarchy, ...
Trump wants to add nearly $7T to the $39T national debt with military budget, watchdog warns
Budget hawks in Washington have their eyes trained on April 3, when the White House is scheduled to release its ...
Iran, the $39 trillion national debt and dedollarization: How Trump exposed America’s Achilles Heel
The year was 1974 and President Richard Nixon had dispatched his Secretary of State Henry Kissinger to Saudi Arabia to ...
The Treasury just declared the U.S. insolvent. The media missed it
The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated ...
U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped, budget watchdog warns
This rom-com formula is now a staple of holiday TV programming: a busy professional from the big city goes back ...
How the Iran war’s nearly $1 billion-a-day price tag is deepening America’s debt crisis
On February 11, the Congressional Budget Office released its closely-watched, 10-year projections for the U.S. budget, this addition covering FYs ...
U.S. is entering a financial crisis more indebted than ever. Here’s a warning Washington is ignoring
The U.S. has never been more financially exposed heading into a potential economic crisis. With the national debt now equal ...
CBO: Treasury may need to borrow extra $1.6 trillion to cover the hole left by tariff ruling
When the Supreme Court ruled late last month that the majority of tariffs implemented by the second Trump administration in ...
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 ...
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 ...
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