Politics
Report: US added nearly $700 billion to national debt in four months(The Center Square) – The U.S. government added $696 billion to the national debt over the past four months, borrowing $94 billion in the month of January alone, the Congressional… Read More
Federal Spending
Watchdog warns of national debt interest payments hitting $1 trillion(The Center Square) – Budget watchdogs are sounding the alarm as the U.S. hit an unfortunate fiscal milestone in fiscal year 2025: government spending on debt interest payments alone topped… Read More
Government
Republicans pour cold water on Trump’s $2,000 check proposal(Daily Caller News Foundation) – President Donald Trump wants to send $2,000 checks to working-class Americans, but the proposal is facing tough prospects on Capitol Hill. Fresh off Republicans’ disappointing electoral… Read More
Government
U.S. national debt tops $37 trillion(The Center Square) – Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time. Read More
Government
Social Security’s 90th anniversary sparks debate over how to address insolvency(The Center Square) – On the day before Social Security’s 90th anniversary, fiscal watchdogs are urging Congress to seriously address the program’s impending funding shortfalls – particularly in light of… Read More
Government
Budget group says US debt is actually $158.6 trillion with Medicare and Social Security(The Center Square) – As Americans file their taxes at the last minute this April 15, the federal debt – and Americans’ federal debt burden – continues to grow. 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
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, Uncategorized
International Monetary Fund warns on U.S. debt ‘something will have to give’(The Center Square) – The International Monetary Fund warned the United States that government spending and increasing national debt are not sustainable and could hurt the global economy. The Washington,… Read More
Federal Spending
Biden budget packed with tax hikes, increases national debt(The Center Square) – President Joe Biden on Monday released his $7.3 trillion budget proposal for fiscal year 2025 with $5.5 trillion in tax increases that continues to increase the… Read More
Federal Spending
Feds borrowing over $5 billion per day as programs face insolvency(The Center Square) – Budget groups continue to release dire forecasts for the explosive growth of the U.S. national debt. The U.S. Treasury reported a $1.4 trillion… 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, 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
Congress, Economy
Debt ceiling sets up major battle in Congress(The Center Square) – U.S. Secretary of the Treasury Janet L. Yellen sent a letter to congressional leaders Thursday notifying them the agency has begun taking “extraordinary measures” as the… Read More
National
White House defends spending as federal debt tops $30 trillion(The Center Square) – The national debt hit another milestone this week, and experts are warning that continuing to increase federal spending will have dangerous consequences. The federal national debt… Read More
National
CBO: Biden’s ‘Build Back Better’ plan could add $3 trillion to the debt when accounting tricks removed(The Center Square) – President Joe Biden has repeatedly touted that his “Build Back Better” spending bill would not add to the national debt, but the nonpartisan Congressional Budget Office… Read More