The Latest Breaking News from National Debt

You’ve got to laugh when the Tories falsely claimed Britain was bankrupt under Labour, despite national debt being more of a steep hill than today’s mighty mountain

“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes

President Joe Biden’s proposed budget for the federal fiscal year that starts on Oct. 1 would spend $6.8 trillion off revenues of only $5 trillion in taxes collected. The imbalance, a $1.8 trillion deficit, would get added to the national debt of $31.4 trillion that has been building since 1789.…

Here’s a dirty secret: both Republicans’ debt hysteria and Biden’s proposed tax hikes are pure theater. Neither will happen

The national debt grew by more than $4 trillion in 2020 alone.

One economist noted that the measure is backed by the "same members who are pushing us to a debt limit crisis"

Budget analysts give July to September default prediction

President Joe Biden plans to go on the offensive against Republicans by saying their policies would add $3 trillion to the national debt

This makes Irish people some of the most indebted in the world

The Department of Finance said that it is one of the highest per capita debt burdens in the world.

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too.