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Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.
GOP Reps. Thomas Massie of Kentucky and Warren Davidson of Ohio opposed Trump's bill. Andy Harris of Maryland voted present. Two more didn't vote.
Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says the U.S. has been able to keep borrowing at this scale at a fairly low cost because investors crave U.S. debt. Treasuries are liquid, ...
America faced a once-in-a-century health crisis that crashed the economy and threatened the lives of millions. Republicans ...
The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent ...
U.S. stocks, bonds and the value of the U.S. dollar pared early losses on Monday, but were still trading lower following the ...
NPR's Steve Inskeep speaks with David Wessel, director of the Hutchins Center at the Brookings Institution, about America's federal debt, which is at $36 trillion and growing.
Zheng Xinye, vice-president of RUC, pointed out that the potential risks posed by the US' national debt could threaten the global economy. He emphasized that countries should work together to find ...
“Buy less” isn’t only an American trend. Anxiety around a “Sell America” trade, in which foreigners dump the dollar and U.S. government bonds, has been gripping investors ever since ...
The dollar’s status as a global reserve currency is under threat because of reckless spending.
President Donald Trump showcased a chart in the Oval Office on Thursday, explaining the US-UK deal. The chart showed a boost in tariff revenue for Washington, which will have ‘unprecedented ...
THE National Government’s (NG) outstanding debt edged up to a fresh high of P16.68 trillion as of end-March, the Bureau of the Treasury (BTr) said on Wednesday, adding that this debt “remains ...