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The gargantuan national debt is finally starting to matter. Usual wobbles in the market for Treasury securities suggest the US government may finally be issuing more debt than investors can absorb.
Most economic textbooks will tell you that there can be real dangers in running up a big national debt. A major concern is how the debt you add now could slow down economic growth in the future.
"Rising debt will continue to put upward pressure on interest rates," the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for lowering the national deficit ...
The national debt hit $36 trillion—less than four months after surpassing the $35 trillion mark. There is plenty of blame for this mess. Yes, former President Donald Trump added $8 trillion to ...
Estimates vary on exactly how much Trump's 2017 tax bill added to the national debt, but none place its impact at 25% of the total figure. Experts told USA TODAY more than a quarter of the ...
Today the U.S. national debt is over $35 trillion, representing $104,303 for every American citizen. The debt grows by about $4.5 million every minute. The interest alone costs $2.4 billion a day.
The cost of servicing America’s national debt is expected to soar over the next 10 years to unprecedented levels, as net interest expense on the debt will cost more than $1.4 trillion annually ...
The national debt is, well, monumental. Currently, it’s north of $34 trillion. There are all kinds of ideas for shrinking the government’s annual budget shortfall and minimizing its impact on ...
Billionaire banking executive Jamie Dimon said he supports soaking the rich in order to pay down the national debt. The CEO of ... a rising tide would lift all boats, but the rising tide has ...
This week's featured article is "Why Did Americans Stop Caring About the National Debt?" by Brian Riedl. This audio was generated using AI trained on the voice of Katherine Mangu-Ward.
LONDON (Reuters) - Debt-laden ... may move, but national debts don't. And the exit of the former weakens a country's ability to solve the latter by putting a major drag on growth and tax revenues ...