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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.
Then on Thursday night, the House failed to pass a revamped plan that included Trump's explosive demand that the debt limit be extended. Government shutdown live updates: House approves new ...
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 ...
All told, his debt-spiral outlook suggests that borrowing costs will eat up America's ability to afford much else. "By 2034 debt service at 6% rates would consume 45% of all tax revenue; at 9% ...
Americans fell a bit further behind on their credit cards and other loans last quarter, as household debt reached an all-time high, the Federal Reserve Bank of New York reported on Wednesday.
The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
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America is now almost $35 trillion in debt. That means every American owes $100,000. President Joe Biden's administration doesn't care. They want to spend more.. Already they are spending so much ...