Search results
Results from the WOW.Com Content Network
The government needs to borrow money to continue paying out what Congress has already approved, but the debt ceiling puts a limit on how much money the U.S. government can borrow to pay its bills.
Today, the national debt actually exceeds the GDP of the entire U.S. economy, hitting $33.84 trillion. In the past few years, the national debt has risen dramatically due to increased spending on ...
Household debt has increased to $18.3 trillion, up by 8.3% in the first quarter. Mortgage debt and non-mortgage credit card debt rates also grew. Domestic nonfinancial business debt and federal ...
Between 1950 and 1970, total debt (including government, household, corporate, and financial) was stable at about 150% of GDP. After Nixon did away with what was left of the gold standard in 1971 ...
The US government has enacted a budget to avert shutting itself down, but the bitterly disputed deal doesn't include a call from President-elect Donald Trump to increase the federal borrowing limit.
Bearish forecasters note that the government is spiraling deeper into debt, and there's no sign the trend will reverse. Publicly held debt is projected to reach 122.4% of GDP by 2034, up from 97.3 ...
President-elect Donald Trump on Thursday took credit for killing the House Republican-proposed government funding bill, telling ABC News there will be a government shutdown unless Congress extends ...
Fitch cited the federal government's rising debt burden and the political difficulties that the U.S. government has had in addressing spending and tax policies as the principal reasons for ...