In a troubling sign for the U.S. economy, the federal government has paid over $1 trillion in gross interest on its debt for fiscal year 2024. According to the Treasury …
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The United States has reached a new and troubling milestone, as the national debt has officially surpassed $35 trillion. This development marks a significant increase in the country’s financial obligations …
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U.S. Interest Payments Now Exceed Defense and Medicare Spending as National Debt Grows
Congress has allocated more funds to interest payments than to national defense and Medicare combined. In the first seven months of the fiscal year, spending on net interest reached a …
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The United States’ national debt has soared to record highs of $34 trillion. This historic peak in debt, as reported by the Treasury Department, marks a turning point in the …
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The Democratic National Committee has spent more than $20 million in 2025 to cover campaign debts for former Vice President Kamala Harris, according to a report by Axios. The outlet …
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An increasing number of Americans now have more credit card debt than emergency savings, leaving them financially vulnerable in times of need. According to a new survey from Bankrate, one-third …
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America’s fiscal situation has become increasingly worrisome heading into 2025, with the federal debt now exceeding 100% of the nation’s Gross Domestic Product. New data shows that within the past …
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With Christmas around the corner, many Americans are still struggling to pay off credit card debt from last year. A recent WalletHub study found that nearly half of Americans are …
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As the United States heads towards the 2024 election, growing concerns about the nation’s swelling debt are casting shadows over the bond market. With projections indicating that federal deficits will …
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The Congressional Budget Office (CBO) released a stark warning this Wednesday: the United States is on a fiscal collision course, with annual budget deficits set to leap from $1.6 trillion …