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The Latest Breaking News from National Debt

Financial Advisor Charles Wareham On Skyrocketing US Debt, Rising Taxes And What To Do With America's Retirement Plan

With a debt-to-GDP ratio of 122.84% and a recent hike in its interest expenses— now costing $1.133 trillion due to inflation and rising interest rates, the USA is spending 17% of its federal budget just to maintain its debt.

International Business Times

The case for a strategic Bitcoin reserve

A Bitcoin reserve could both reduce the national debt and thwart attempts by U.S. rivals to create a competing currency.

Fortune

DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt

The 2025 deficit needs to be reduced by $750 billion to stabilize national debt—or twice what the federal government spends to pay all civilian employees.

Fortune

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GOP eyes Medicaid, food stamp cuts

Trump plans to extend a 2017 tax bill that would add $4 trillion to the national debt

Salon

State Financial Officers Call For Action On National Debt

State financial officers unite to address trillion national debt, urging action for fiscal responsibility.

Top News

The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It?

It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the economy.

Reason

Elon Musk, Vivek Ramaswamy, and the $35T national debt—entrepreneurs to the rescue

They're slated to lead Trump's Department of Government Efficiency, and it's a step in the right direction given the national debt crisis.

Fortune

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Former CIA chief Leon Panetta says Trump's economic boost contains a hidden $7 trillion threat

The ex-Secretary of Defense said Trump's policies could propel the economy but might send the national debt soaring even higher.

Fortune

What counts as national debt and assets now? Here’s how to understand the UK’s redefined fiscal rules

Governments set rules that we, as citizens, must follow – laws with clear consequences for non-compliance. But they also set rules for themselves, and these can be flexible when convenient.

The Conversation

Campaign-trail tax proposals face difficult road to passage - Roll Call

The hefty national debt and trillions of dollars in tax breaks due to expire next year are likely to complicate passage of pricey new plans.

Roll Call

France faces credit downgrade as Moody's readies verdict on €3.2 trillion debt

Earlier this month, U.S. credit rating agency Fitch upheld its AA- rating for French debt, but shifted the outlook from "stable" to "negative." On 25 October, Moody’s is set to deliver its assessment. If France’s budget plans falter, the country risks a credit rating downgrade, which would drive up borrowing…

Radio France Internationale

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

International Business Times

BofA CEO says U.S. economy is the envy of the world—but could lose its power due to national debt

Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its “eyes and stomach in line.”

Fortune

Jamie Dimon says global politics are 'treacherous and getting worse'—so he's preparing for anything

In JPMorgan Chase's third-quarter earnings release, Jamie Dimon also mentioned inflation, national debt, and trade restructuring.

Fortune

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Top News

Candidates' Promises Could Skyrocket National Debt

Analysis of Harris and Trump's plans reveals potential trillions in national debt increase.

International Business Times

National Debt May Rise Under Harris, But Could Surge Under Trump: Study

Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.

The Independent UK

New analysis suggests national debt could increase under Harris, but it would surge under Trump

No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans

France 24

A 'dramatic break' with China would be a 'big mistake', former ECB chief Trichet says

France's public debt is very much in the spotlight. The country's recently appointed prime minister, Michel Barnier, calls it a "sword of Damocles" hanging over future generations. Indeed, for many countries, paying interest on the national debt deprives them of investing in education, healthcare, research and so on. Similar debates…

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Fortune

Drowning in credit card debt? These companies can help

If you're struggling with credit card debt, a debt relief company can help. Here are our top picks.

Al Jazeera

For Harris and Trump, runaway US debt is the elephant in the room

Both presidential candidates have unveiled costly proposals that would greatly add to the ballooning national debt.

Reason

Trump Dodged My Question About the Federal Debt

Reason's Nick Gillespie asked former President Donald Trump about how he plans to bring down the national debt.

Fortune

America’s national debt is ballooning—and any real solutions can only be bipartisan

Neither party seems to be seriously addressing a key issue: The national debt.

Reason

How Much Will the Major Presidential Candidates Steal From You?

Neither Harris nor Trump has a plan to address national debt, but they dramatically differ on taxation.

The Independent UK

UK national debt could reach nearly 300% of GDP in next 50 years, watchdog warns

Britain’s ageing population, climate change and rising geopolitical tensions all expected to put pressure on Treasury, OBR says

The Guardian - UK

Can UK avoid national debt almost tripling over next 50 years?

OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action

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