National Debt
Report warns U.S. national debt predicted to pass $53 trillion by 2035(The Center Square) – By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new… Read More
National Debt
New poll shows national debt concerning for swing state voters(The Center Square) – A new poll of battleground states shows the $35 trillion rising national debt is a critical issue for voters. The swing state poll shows that nine… Read More
National Debt
Deficit nears $2 trillion as lawmakers borrow $5 billion per day(The Center Square) – The U.S. annual deficit is nearing $2 trillion for this fiscal year, almost double the record deficits before the COVID-19 pandemic, as federal borrowing hit more… Read More
National Debt
Critics: Where’s debt plan as deficit hits $1.5 trillion, debt tops $35 trillion?(The Center Square) – The U.S. Treasury Department released its monthly fiscal update showing the federal deficit so far this fiscal year has already hit $1.5 trillion. The federal data… Read More
National Debt
Survey finds voters want candidates who have a plan to address US debt(The Center Square) – Voters want candidates who have a plan for addressing the national debt, which recently topped $35 trillion, according to a recent survey. The survey found that… Read More
National Debt
70% of largest U.S. cities don’t have enough money to cover costs(The Center Square) – In fiscal 2022, 70% of the largest cities in the U.S. did not have enough money to pay their bills. In the latest comprehensive analysis of… Read More
National Debt
Calls for fiscal commission continue as U.S. debt tops $34 trillion(The Center Square) – As the U.S. gross national debt topped $34 trillion, groups across the political spectrum continue to call for a fiscal commission to address the mounting federal… Read More
National Debt
U.S. national debt surpasses $100K per person(The Center Square) – The rapidly growing debt of the U.S. federal government has hit another milestone, topping more than $100,000 per person. While the U.S. population and the U.S. Read More
National Debt
Speaker Johnson, others, signal support for bipartisan deficit commission despite opposition(The Center Square) – House Speaker Mike Johnson, R-La., wants to get a bipartisan debt commission immediately. "The greatest threat to our national security is our nation's debt," Johnson said… Read More
National Debt
Bipartisan coalition of experts calls for fiscal commission amid soaring national debt(The Center Square) – A bipartisan coalition of budget and financial experts have joined together to raise the alarm about the soaring federal debt and call on Congress to do… Read More
National Debt
National debt will be nearly twice as large as U.S. economy in 30 years(The Center Square) – The national debt will be nearly twice as large as the U.S. economy in 30 years, the U.S. Congressional Budget Office projects. That figure assumes no… Read More
National Debt
Senate passes debt limit deal, sends it to Biden(The Center Square) – The U.S. Senate voted 63-36 late Thursday to pass the debt limit deal brokered by President Joe Biden and U.S. House Speaker Kevin McCarthy, R-Calif. “We… Read More
National Debt
Debt limit agreement takes fire from all sides(The Center Square) – President Joe Biden and House Speaker Kevin McCarthy, R-Calif., reached a tentative compromise to raise the debt ceiling over the weekend, but the plan still faces… Read More
National Debt, President Biden
Debt ceiling talks continue without leaders as deadline looms(The Center Square) – President Joe Biden pulled out of a meeting with legislative leaders Friday to discuss the debt ceiling ahead of a June 1 default deadline. Biden was… Read More
National Debt, President Biden
Poll: Majority of Americans want spending cuts included in debt ceiling deal(The Center Square) – An overwhelming number of voters say that President Joe Biden should compromise with House Speaker Kevin McCarthy to cut government spending as part of a deal… Read More
National Debt
Agency warns rising interest costs pose risk to nation’s financial outlook(The Center Square) – A quarter of every dollar U.S. taxpayers send to Washington is projected to go to interest costs by 2051 without changes to federal spending and taxation,… Read More
National Debt
Republicans’ debt ceiling plan expected to get a vote this week(The Center Square) – U.S. House Republicans may get their debt limit spending bill across the finish line this week as the federal government faces a looming deadline to raise… Read More
National Debt, National Defense
Interest payments on national debt alone will exceed defense spending this decade, CBO says(The Center Square) – The cost of interest payments on the national debt will continue to grow as a financial burden for the U.S. over the next decade, even surpassing… Read More