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National debt races toward record level
Treasury will begin steps to avoid debt default as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits set to reach record levels.
National debt races toward record level as Trump takes office
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan bookkeeper reported Friday, with debt and deficits set to reach record levels.
Trump set to break the all-time federal debt record amid inflation battle
The CBO said that the 2025 budget deficit will come in at $1.9 trillion, or 6.4% of GDP, both record levels outside of wartime, pandemic or a recession. The deficit is only set to
Yellen, debt ceiling
5 ways the debt limit fight could play out under Trump
President-elect Trump and congressional Republicans are plotting how to address the nation’s debt limit this year. The debt ceiling, which caps how much money the Treasury can owe to pay the
Yellen says Treasury will use ‘extraordinary measures’ on Jan. 21 to prevent hitting debt ceiling
In one of her last acts as U.S. Treasury Secretary, Janet Yellen said her agency will start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling,
Yellen Warns America’s $36 Trillion Debt Ceiling Is Close
US Treasury Secretary Janet Yellen said her department will start taking special accounting maneuvers as of Jan. 21 to avoid breaching the US debt limit, urging lawmakers to take steps to increase or suspend the statutory ceiling.
1d
on MSN
National Debt Closes in on Post-World War II Mark, CBO Says
Projections show steady budget deficits exceeding 5% of GDP, even assuming that the bulk of the 2017 tax cuts expire.
4d
The national debt is undermining our national security
The growing national debt is a threat to national security and must be brought under control to preserve the security of the ...
1d
on MSN
CBO projects US debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...
1d
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
1d
on MSN
New budget projections show US hitting debt record in 4 years: CBO
The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track ...
4d
Listen To Ross Perot’s Ghost: You Can’t Ignore The National Debt
The U.S. is playing Russian roulette by not addressing the national debt. We need to get our act together before it's too ...
Coingape
12h
Could XRP Price Hit $1,000 if Used for US National Debt Repayment?
XRP price remains in focus after a sharp 30% surge last week, hovering near $3.20. Ripple's potential use in U.S. national ...
Opinion
The Manila Times on MSN
13h
Opinion
Fact-checking our national debt
OUR national debt stood at P15.19 trillion ($273.9 billion) since October 2024. The country's gross domestic product (GDP) is ...
Committee for a Responsible Federal Budget
1d
CBO Projects Record Debt in 4 Years, Interest Matching Record This Year
The Congressional Budget Office (CBO) released its latest projections for the budget and economic outlook today, projecting ...
Hosted on MSN
4d
Rep. Scott Perry speaks on California fires, national debt, Trump’s Cabinet nominees
Congress is dealing with many issues right now, including the California fires, the national debt, and the confirmation of ...
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