US national debt hits record $34 trillion
WASHINGTON (AP) — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to...
Momentum builds for special commission to tackle $34T in US debt
Momentum is building in Washington for a special commission to tackle the nation’s nearly $34 trillion debt, but the idea is drawing mixed reviews from...
Ray Dalio says U.S. reaching a point where our debt problem gets even worse
Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. The hedge fund...
Zombie firm bankruptcies amid Fed interest rate hikes
In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years...
Debt ceiling news: Demands Republicans are making
Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about the debt ceiling negotiations in the U.S. Capitol on Tuesday, May 23, 2023. Tom...
US Treasury buys time for Biden and GOP on debt limit deal
WASHINGTON (AP) — The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default...
A Debt That Can Destroy a Nation :: Gatestone Institute
(Image source: iStock) For as long as there have been politics there have been deals. Of course, it is illegal to trade one’s vote for...
Student loan forgiveness could cost $2,500 per taxpayer, research finds
Student-loan debt activists rally outside the White House a day after President Biden announced a plan that would cancel $10,000 in student loan debt for...
Debt and Inflation Threaten U.S. Security
The national debt this month reached $30 trillion. Not only is this the largest debt in U.S. history in dollar terms, but the ratio of...