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  2. Government debt - Wikipedia

    en.wikipedia.org/wiki/Government_debt

    Government debt is typically measured as the gross debt of the general government sector that is in the form of liabilities that are debt instruments. [2]: 207 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future.

  3. Deficit reduction in the United States - Wikipedia

    en.wikipedia.org/wiki/Deficit_reduction_in_the...

    The Social Security program faces a 75-year average annual shortfall of 1.4% GDP, which is about $280 billion in 2018 dollars. The CBO publishes a report every few years (Social Security Policy Options) which estimates various ways to close that funding gap. Without changes to the law, benefits will be cut by about 25% in 2034, as outlays to ...

  4. The rising price of paying the national debt is a risk for ...

    www.aol.com/rising-price-paying-national-debt...

    Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government's borrowing costs such that debt service next year will ...

  5. How rising US debt could compound into a crisis ... - AOL

    www.aol.com/rising-us-debt-could-compound...

    US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. Higher interest rates and a recession amplify US borrowing costs. By 2034, debt servicing could consume ...

  6. America’s debt problem is storing up trouble for the ... - AOL

    www.aol.com/america-debt-problem-storing-trouble...

    The high and rising level of US government debt risks driving up borrowing costs around the world and undermining global financial stability, the International Monetary Fund has warned.

  7. Public finance - Wikipedia

    en.wikipedia.org/wiki/Public_finance

    Government debt (also known as public debt or national debt) is money (or credit) owed by any level of government; either central or federal government, municipal government, or local government. Some local governments issue bonds based on their taxing authority, such as tax increment bonds or revenue bonds. As the government represents the ...

  8. The Real Problem With Government Debt and How It Trickles ...

    www.aol.com/real-problem-government-debt...

    Rising government debt levels have seemingly always been in the headlines. In recent years, U.S. debt levels have become political, with one side of the aisle often refusing to raise the debt limit...

  9. Debt crisis - Wikipedia

    en.wikipedia.org/wiki/Debt_crisis

    The European debt crisis is a crisis affecting several eurozone countries since the end of 2009. [7] [8] Member states affected by this crisis were unable to repay their government debt or to bail out indebted financial institutions without the assistance of third-parties (namely the International Monetary Fund, European Commission, and the European Central Bank).