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The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing ...
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.
Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That's a debt load ...
800-290-4726 more ways to reach us. Mail. Sign in. ... another reminder about the cost of doing nothing to change course. ... on X soon after the news about the national debt hitting $36 trillion ...
The Treasury Secretary urged lawmakers to act "to protect the full faith and credit of the United States." ... pay its bills under the new debt limit. ... debt currently exceeds $36 trillion ...
Doing so will add about $4 trillion over the next decade to the U.S. federal government's current $36 trillion in debt, tax experts say. ... that pushed the United States to the brink of default ...
The Congressional Budget Office projected two weeks prior to Obama taking office in January 2009 that the deficit in FY2009 would be $1.2 trillion and that the debt increase over the following decade would be $3.1 trillion assuming the expiration of the Bush tax cuts as scheduled in 2010, or around $6.0 trillion if the Bush tax cuts were ...
The United States' credit worthiness could be downgraded, spiking interest rates, which would raise mortgage, car and credit card payments ... It said it could cost the economy more than 7 million ...