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The Latest Breaking News from National Debt

Trump and Biden Agree: Just Call Debt 'Wealth' Instead!

Both party leaders are selling the idea of a sovereign wealth fund, but it’s more political fantasy than fiscal fix.

Reason

Bank of America CEO says we need to take action on the national debt now, while ‘we’re in relatively good times’

The national debt situation is so bleak it costs the federal government $3 billion per day just to pay the interest.

Fortune

Bob Murphy: How Bad Is the National Debt?

Economist Bob Murphy explains the technical details of government debt and why Modern Monetary Theory is so dangerously wrong.

Reason

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National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

The Conversation

Trump vs. Harris: Who would be better for America’s $35 trillion national debt?

“We think of the United States as too big to fail. It’s not actually true.”

Fortune

US National Debt Is A 'Time Bomb' That Threatens The World: Swiss Finance Minister

'Debt levels in the U.S. and Europe are a risk to international financial stability and a risk for Switzerland,' warned Karin Keller-Sutter

International Business Times

Jamie Dimon Backs Buffett Rule: Advocates 30% Tax for Millionaires to Help Cut $35 Trillion National Debt

Jamie Dimon calls for debt reduction and supports the Buffett Rule, which would increase taxes on the wealthy, amid US economic challenges.

International Business Times UK

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Mike Pence's Sensible (and Probably Doomed) Plan To Fix the National Debt

Lawmakers must be willing to reform so-called "mandatory spending," Pence's nonprofit argues in a new document.

Reason

US National Debt Surpasses Trillion, Reaching New Milestone

Learn about the alarming rise of the US national debt to over trillion and the urgent need for sustainable fiscal policies to ensure economic stability.

Top News

We Showed Trump Voters the National Debt

We asked delegates at the Republican National Convention whether a second Trump term would address America's debt problem.

Reason

Larry Fink says America's $35 trillion national debt will be a 'big burden on the backs of our children' unless the private sector is given room to grow

"This is unheard of, it's at an unsustainable level, yet we have the most dynamic, capitalistic system in the world."

Fortune

Why Did Americans Stop Caring About the National Debt?

Both parties—and the voters—are to blame for the national debt fiasco.

Reason

The National Debt Is Crossing an Ominous Line

The U.S. has successfully navigated past debt challenges, notably in the 1990s. Policymakers can fix this if they find the will to do so.

Reason

Numb to the Numbers

The national debt has become an alarm bell ringing in the distance that people are pretending not to hear, especially in the city that caused the problem.

Reason

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Reason

The National Debt Is Now So High That Every American Essentially Owes $100,000

We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.

Reason

The National Debt Is Making Us Poorer

The average American will lose between $5,000 and $14,000 annually by 2054 due to the burden of the growing national debt.

The Independent UK

Where the inflation and national debt figures leave Sunak’s five priorities

Most of the Prime Minister’s five priorities had not been achieved by the end of last year.

Top News

Biden Vs. Trump: Contrasting Tax Plans For Economic Growth

Debate over tax policies between Biden and Republicans, focusing on fairness, economic growth, and national debt implications.

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The Guardian - UK

Beware risks of voter giveaways to public finances, countries facing elections told

IMF says reduction in national insurance may have made cutting UK national debt more difficult

Reason

Meet 'Literally Anybody Else,' the Presidential Candidate That 2024 Demands

The 35-year-old Texan formerly known as Dustin Ebey voted for Gary Johnson in 2016 and says the national debt is America's biggest problem.

Top News

Republicans Renew Focus On Entitlement Reform Amid Growing National Debt

Republican lawmakers are emphasizing the need for entitlement reform to address the national debt and ensure the solvency of programs like Medicare and Soc...

Reason

The National Debt Is a National Security Issue

The growing debt will "slow economic growth, drive up interest payments," and "heighten the risk of a fiscal crisis," the CBO warns.

International Business Times

Former Vice President Mike Pence Says He's Not Endorsing Donald Trump In The 2024 Election

Trump's 2024 campaign, according to Pence, presents him as abandoning the conservative stance on the 'sanctity of human life' and cutting the national debt.

Top News

February Consumer Price Index Released, Inflation In Spotlight

Explore the impact of the February CPI release, Biden's budget proposals, and national debt on the US economy.

Kiplinger

Top 10 Tax Expenditures in 2024: The Tax Letter

Costly tax breaks will likely come under scrutiny from lawmakers trying to reduce the national debt. We review the 10 largest individual tax expenditures.

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