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Federal Debt Soars Past $20T
In a very unwelcome milestone for fiscal conservatives, the federal debt soared past $20 trillion for the first time last week, according to the latest Treasury figures. An increase after President...
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Federal Government's Interest Costs Set to Triple in 10 Years
If, in the year 2028, the US needs to fix a bridge or combat a potential recession, Uncle Sam might have to dig around in the Treasury Department's couch cushions. That's because the US is on track to...
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Schumer on Debt Ceiling Raise: Americans 'Can Breathe Easy'
President Biden has a new bill on his desk to sign. The legislation provides for a $2.5 trillion increase in the debt ceiling, bringing that number to $31.4 trillion and avoiding a first-ever federal...
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National Debt Tops $30T for First Time
For the first time ever, the US' gross national debt went above $30 trillion Tuesday. That's up about $7 trillion since the end of 2019, CNN reports. The New York Times calls the milestone an "ominous"...
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National Debt Hits Record $31T
The gross US national debt, which topped $30 trillion for the first time earlier this year, has now risen to more than $31 trillion, according to a Treasury Department report released Tuesday. The...
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Poll: If US Defaults, Neither Side Avoids Blame
Based on a new ABC News/ Washington Post poll, Americans are divided on which political party would be to blame if the federal government defaulted on its debts, reports Politico . A slight plurality...
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The Picture Being Painted by Key Debt-Ceiling Players
As the clock ticks down to June 1, the president and congressional leaders continue to sound off about the likelihood of striking a deal on raising the debt ceiling. President Biden held a second Oval...
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Debt Deal: True Market Relief, or a 'Short-Lived Sugar High'?
An agreement has been reached , at least in principle, by President Biden and House Speaker Kevin McCarthy on raising the nation's debt limit, and now the final OK is in Congress' hands. Both...
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On National Debt Front, a 'Hard to Grasp' Number
In September, the United States broke its national debt record, reaching $33 trillion. Now, just three months later, a new record has been set. CNN Business notes that, per year-end figures released by...
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