Budget chair Jodey Arrington on balancing debt crisis and national security demands
The U.S. government has a lot to pay for at the moment: in addition to mandatory spending like Socia[……] Read…
Next generation of senators inherits a national debt time bomb: Social Security’s insolvency
The Committee for a Responsible Federal Budget (CRFB) has a ticker on its website: The Retirement Tr[……] Read More
The U.S. spends $88B a month in interest on national debt, equal to defense and education spending
The problem with an increasing debt burden is that it costs more to maintain it: This is precisely t[……] Read…
Jamie Dimon: US had home run on national debt, next best option is crisis management
What this borrowing (and its related interest payments) will ultimately mean for the economy remains[……] Read More
US $39 trillion national debt is ‘crushing legacy’ says budget committee chairman
The U.S.’s eye-watering debt burden poses an “existential threat to the future of our nation,” the c[……] Read More
CBO: Treasury may need to borrow extra $1.6 trillion to cover the hole left by tariff ruling
When the Supreme Court ruled late last month that the majority of tariffs implemented by the second[……] Read More
Trump’s action against Iran is yet another wobble for government debt, warns UBS
At the outset of any escalation in geopolitical conflict, the humanitarian cost of military action w[……] Read More