"The increase in debt over the last 20 years was overwhelmingly driven by the trillions spent on Republican tax cuts skewed to the wealthy and big corporations," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business. "Congressional Republicans want t...
US Government debt accounted for 123.1 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 122.3 % in the previous quarter.
We expect employment to continue rising over the coming quarters, although at a slightly slower pace than at the start of 2024. The unemployment rate is expected to fall slightly in the last quarter of 2024 before rising again throughout 2025. In the longer term, demographics are expected to...
(ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over the US debt "bomb," which reached a critical ...
US stock futures point to a sharply lower open on Wall St Monday as the congressional supercommittee looks set to announce it was unable to reach a deficit-reduction. Deep differences of opinion over tax and spending reforms made it impossible to strike
What Is the US Debt Ceiling? The United States Congress oversees all American government departments including the Treasury. Until 1917, the Treasury had to seek the approval of Congress for every bond auction. Since then, the debt-raising capability of the Treasury has been limited by a debt...
The persistence of a gap over the past 20 years, even when comparing apples to apples, suggests there are other factors at play. These can include potential discrimination. When Pew asked Americans in October what factors they believed played a role in the gender wage gap, half indicated a ...
The Republican Senator on his plans to spend the last two years of his term fighting back against an increasingly isolationist GOP Behind the Money podcast23 min listen What Trump’s presidency means for banking Listen to a live recording from the FT Global Banking Summit!
White House Watch Can Kash Patel win Senate confirmation to lead the FBI? Plus, the hedge funds that made major profits on the back of ‘Trump trades’ Meta Platforms Meta’s Zuckerberg seeks ‘active role’ in Trump tech policies Policy chief Nick Clegg says social media company ‘overdid ...
"I wouldn't be surprised to see this trend continuing, as a reflection of weakening US asset safety and its losing performance since last year," Hong said, adding that China is not the only economy that has reduced US debt holdings. ...