"Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years," Maya MacGuineas, president of the no...
Best States Associated PressJan. 24, 2025 Reality TV Couple Sues the City of Los Angeles After Losing Home in Fires Reality TV couple Heidi Montag and Spencer Pratt are suing the city of Los Angeles after losing their home in the destructive fires that have swept Southern California in the ...
Best States Former CNN Anchor Aaron Brown, Who Helped Viewers Through the Sept. 11 Attacks, Has Died Aaron Brown, a veteran television news anchor whose steady hand helped guide CNN viewers through the unfolding tragedy of the Sept. 11, 2001 attacks, has died...
What the National Debt Costs Us Every YearPublius
The nonpartisan Congressional Budget Office (CBO) has projected the debt held by the public will reach a record level of more than 106% of GDP in 2027. 独立机构国会预算办公室预测,2027年美国债务将刷新纪录,达到GDP的106%以上。 This year the federal government is projected to run a $1.9 trilli...
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The interest burden on outstanding US debt remained a major drag on the budget. Interest costs in the first 10 months of the fiscal year totaled $956 billion, up 32% from 2023. The Federal Reserve’s aggressive interest-rate hiking campaign, aimed at quelling inflation, has ...
The United States is addicted to debt. With its federal deficit persistently above $1 trillion a year, US debt is growing by leaps and bounds, nearing $32 trillion. Ten years ago, when former US president Barack Obama fought with Republicans to raise the debt ceiling, the debt stood at $...
currently amounts to $1.1 trillion a year. Policy decisions, such as the size of the U.S. military budget ($842 billion) and the country's recent multi-trillion-dollar stimulus policies to try and revive the economy from the impact of the COVID-19 pandemic, have only made the debt ...
American government expenditures hit the debt ceiling earlier this year,and the Treasury says that in June,it will no longer be able to pay for government spending already authorized by Congress.Congress is responsible for approving all spending,and the president cannot spend money by himself.U.S....