Topic
National Debt
8 stories related to this topic, newest first.
Benzingafinance24 days ago
Senator Attributes Inflation and High Interest Rates to Federal Deficits
A Republican senator from Florida stated that persistent federal deficits and the national debt are the main drivers of inflation and high interest rates. The comments shifted focus away from monetary policy decisions and toward congressional spending.
abcnews.go.comworld59 days ago
Bipartisan lawmakers cite federal deficit ahead of midterms
A Pew Research Center poll found 66% of Democrats and 62% of Republicans view the federal deficit as a very big problem, showing rare agreement across party lines. The national debt surpassed $39 trillion in March as interest payments strain the federal budget. CNN polling analys…
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newser.comfinance71 days ago
US National Debt Tops GDP for First Time Since 1946; Japan Ends Post-WWII Weapons Export Ban
The U.S. national debt has exceeded the country's gross domestic product for the first time since 1946, with debt at $31.265 trillion as of March 31 compared to 2025 GDP of $31.216 trillion. Separately, Japan has implemented a policy change allowing weapon exports for the first t…
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Substrate placeholder — needs reviewfinance92 days ago
Upcoming US Senators to Face Social Security Insolvency and Rising National Debt in 2033
The Social Security trust fund is projected to be exhausted in approximately six years and seven months, leading to potential benefit cuts. Medicare faces a similar deadline about one month earlier. The next class of senators, elected in 2026, will serve terms covering this perio…
Substrate placeholder — needs reviewfinance93 days ago
US Monthly Interest Payments on National Debt Reach $88 Billion, Matching Defense and Education Spending
The United States spends $88 billion per month on interest for its national debt, an amount equivalent to its monthly expenditures on defense and education combined. This figure was highlighted by Maya MacGuineas, president of the Committee for a Responsible Federal Budget. She u…
realclearmarkets.comfinance97 days ago
Federal Reserve Chair Powell Discusses US Debt Management and Economic Growth Needs
Federal Reserve Chair Jerome Powell stated that the US does not need to reduce its national debt but requires achieving primary balance and improving economic growth. He warned that failure to act soon could lead to unfavorable outcomes. The comments were made in the context of o…
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rediff.comfinance1180 days ago
House Speaker McCarthy Warns Wall Street of No Debt Limit Increase Without Spending Cuts
House Speaker Kevin McCarthy visited Wall Street on Monday to state that House Republicans will not raise the U.S. debt ceiling unless President Biden accepts spending reductions. These cuts would target Biden's domestic policy initiatives. The remarks highlight ongoing fiscal ne…
morningstar.cafinance1180 days ago
US Faces Debt Ceiling Challenges Amid Energy Vulnerability Concerns
House Speaker Kevin McCarthy urged Republicans to support his debt ceiling plan to enable negotiations with President Joe Biden. The US national debt contributes to its vulnerability in the global energy crisis, according to an investment strategist.
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