Federal debt and deficit issues
33 articles
Some of the crazier stuff being discussed at the fringes of the Trump economic team these days is the issuance of “forever bonds” to refinance the nation’s staggering debt.
Moody's has downgraded the U.S. sovereign credit rating, citing concerns over the nation's soaring $36 trillion debt. This unexpected move could affect President Trump's tax cut plans and global markets. The agency pointed to unaddressed fiscal deficits and rising interest payments as contributing factors, sparking widespread criticism.
Concerns about the national debt from Elon Musk and some Republican lawmakers is complicating the path to passage for Trump's "One Big Beautiful Bill Act."
The CBO says it would add $3.4 trillion to the deficit over the next decade.
A detailed analysis of the poor prospects for dollar hegemony and the forces that could trigger a sharp unwind.
Why a protracted US shutdown could seriously damage an already faltering economy.
For the fiscal year that ended on September 30, the federal government spent more than $7 trillion and ran a $1.8 trillion deficit.
Many African nations now spend more servicing external debt than funding healthcare and education.
Elon Musk has warned it’s not possible to solve the U.S. debt crisis without growing the economy at a fantastic pace—something that bitcoin supporters think will blow up the bitcoin price...
The government could "tolerate stronger growth and higher inflation, allowing real interest rates to fall and the debt burden to shrink over time," JPMB says...
For now, and in the foreseeable future, fiscal adjustment is a political non-starter in the US, where the prospect of higher taxes or cuts to Social Security and Medicare is a surefire way to lose votes. But this is probably where the country is headed, thoug…
Plus, how to hedge against history.
There has been much talk lately about foreign investors backing away from the U.S. bond market, with President Donald Trump recently threatening retaliation against any nation that sells.
Empires rarely fall in dramatic moments of realization.
'One Big Beautiful Bill Act', higher tariffs and immigration crackdown are factored into the report.
Since 2007, Jezebel has been the Internet's most treasured source for everything celebrities, sex, and politics...with teeth.
The last two times the United States owed more than its annual economic output, the country was either fighting a world war or shutting down due to a pandemic. As of March, it's happened again — this time without an emergency to point to. — Read the rest The…
With US public debt officially eclipsing 100% of GDP for the first time since the 1940s, the Trump administration is pivoting toward “high-impact” funding. Nowhere is this more evident than at the Department of War. Yesterday, the search for “little green men…
Lloyd Blankfein on the growing U.S. debt, polarization, the state of the economy, and what a United States default would look like. Plus: Trump-branded cellphones and the decline of public confidence in free enterprise.
"The number one job of the President is to get the deficit under control,” Jason Calacanis wrote in a post on X.
The alarm is coming from inside the house. The Treasury Borrowing Advisory Committee says the borrowing math no longer adds up.
The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates —pushing up borrowing costs for everyone else.
By David Lawder and Jacob Bogage WASHINGTON, Aug 19 (Reuters) - Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on W...
The amount has doubled in the last decade, from Trump's first term through the Biden administration.
The U.S. debt has surpassed $40 trillion. And, a new census report on noncitizen voting that President Trump is touting has ties to a think tank aligned with him, raising concerns among experts.
"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.
Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern.
Panelists joined to discuss Trump’s priorities as the national debt reaches new highs.
When the news broke that the national deficit hit the $40 trillion mark, Sen Ron Johnson went on Xitter to condemn it, saying that we are "mortgaging our children's future" and calling it "immoral." He issued his condemnation while quote-tweeting a post fr…
Congressional Republicans have seized upon news that the US national debt reached $40 trillion to bash what they described as “unaffordable socialist policies” and out-of-control spending. But economists and policy analysts say Republican policy decisions—fro…
"If you tell the debt markets: 'Hey, we think we're gonna be able to grow our way out of this,' and then a year later they're not seeing any improvements fro...
What really concerns them isn’t just the $40 trillion.
30-year Treasury yields hit 5.34% as national debt crosses $40T. Here's how to shield your portfolio.