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As America's national debt nears the $35 trillion mark, BlackRock CEO Larry Fink has warned the country's growth must keep up in order to pay its bills—or risk passing on a huge, unaffordable ...
The debt ceiling returned on January 2, but Congress has several months to address it before the nation could default on its obligations. (Jemal Countess/Getty Images)
The IMF expects US public debt to continue rising, helping drive government debt worldwide to close to 100% of global gross domestic product by 2029, from 93% last year.
America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141T by 2054
Interest expenses for the debt are now $1 trillion a year and are among the biggest budget items, even exceeding defense spending. Given the trajectory of U.S. debt, Pimco highlighted three ...
A recent report from the Peter G. Peterson Foundation pointed out that the Congressional Budget Office has estimated that by 2054, interest payments on the debt will triple Washington's historical ...
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Many of us go about our daily lives — and handle our personal finances — without thinking about the national debt, which, as of Sept. 15, 2024, exceeds $35 trillion. It’s a number so ...