America faces a debt wall. Towering at $38 trillion, our national debt is now 25% larger than the entire economy. It’s slated to grow by at least $1.8 trillion this year alone, possibly by more if the ...
In contrast, a high national debt simply reflects that the government has issued a lot of currency that the public and ...
WASHINGTON -- While the concept of the debt ceiling might seem "in the weeds," it actually poses a very real threat to millions of Americans in a precarious economic period. If lawmakers on Capitol ...
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Can the U.S debt ceiling be scrapped as suggested by Donald Trump? Here's what the law says
US president Donald Trump and Democratic Senator Elizabeth Warren are both calling for the elimination of the US debt ceiling, while both of them are known for their sharp differences, they now share ...
WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...
Note: A version of this episode first ran in 2023. Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the ...
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise. Historical data fail to show a consistent link between Bitcoin price ...
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Sen. Johnson says debt near $30T puts America on borrowed time
America's debt load is closing in on $30 trillion, and the warning from Senator Ron Johnson is blunt: the country is living ...
President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the ...
Congressional Republicans appear to be on the verge of agreeing to a relatively short-term increase to the debt ceiling, a week before the deadline set by Treasury. But all of the various factors ...
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