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The Latest Breaking News from National Debt

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

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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

Candidates' Promises Could Skyrocket National Debt

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

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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.

International Business Times

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

The Independent UK

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…

France 24

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.

Fortune

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.

Al Jazeera

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.

Reason

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.

Fortune

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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

Reason

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.

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Fortune

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.

Reason

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.

The Conversation

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.

Fortune

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.”

International Business Times

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 UK

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.

Reason

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.

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