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President-elect Donald Trump speaks at a news conference at Mar-a-Lago on December 16, 2024, in Palm Beach, Florida. (Andrew Harnik/Getty Images)
President-elect Trump is headed for a battle over the debt limit with conservative lawmakers who are demanding steep cuts to federal spending that will significantly complicate Trump’s ability ...
The U.S. will effectively address its debt crisis by allowing inflation to rise slightly even though it may negatively impact savers and lower- to middle-income households, SkyBridge Capital ...
The new president and congressional leaders are meeting Tuesday to hash out a strategy for maintaining US creditworthiness and the government's ability to service $36 trillion in debt. Trump is ...
Donald Trump has big plans for the economy — and a big debt problem that will be a hurdle to delivering on them. Trump has bold ideas on tax cuts, tariffs and other programs, but high interest ...
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
But after Trump took office in 2017, the deficit gradually widened, and the national debt levels grew each year before both skyrocketed in 2020 as government spending ramped up to deal with the ...
The debt service costs along with the higher total debt complicate Trump's efforts to renew his 2017 tax cuts, much of which are set to expire after next year.