Not only is the federal debt at roughly $36 trillion, but the spike in inflation after the coronavirus pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. The higher cost of servicing the debt gives Tr...
the cost of servicing the federal debt over the next 10 years could grow significantly larger, even with no changes to existing policy. And if rates are higher than they have been in the past decade, which is possible, debt payment could significantly crowd out other government spending, ultim...
The U.S. national debt surpassed $34 trillion for the first time this month.(istock / iStock) The exact point at which the federal debt and the cost of servicing it becomes unsustainable is an open question. A recent report by the Congressional Research Service (CRS) noted, "Of particula...
US national debt hits record $34 trillion as Congress gears up for funding fight – Associated Press 0 (0) The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges FATIMA HUSSEIN and JOSH BOAK | Assoc...
A second federal judge in two days has blocked President Donald Trump’s executive order ending birthright citizenship for the children of parents who are in the U.S. illegally Associated PressFeb. 6, 2025 Create an Account Create a free account to save articles, sign up for newsletters and ...
A range of factors indicate that it may be difficult for the government to absorb the additional medical-cost burden. First, recent record-high federal budget deficits have brought the federal debt to historic highs. 14 The two largest deficits in history occurred in 2020 and 2021 at $3.1 tri...
These seven high-quality ETFs provide superior monthly dividend income. Glenn FydenkevezFeb. 14, 2025 What Are the BATMMAAN Stocks? If you're ready to move beyond Magnificent Seven stocks, there's a new acronym on Wall Street with one key addition. ...
Despite being kept separate from government finances, the Committee for a Responsible Federal Budget estimates that the total cost to the nation of stabilizing Fannie Mae and Freddie Mac added $238 billion to the national debt. Nonetheless, the structure that allows the Federal government to exclude...
(R-GA),the speaker of the House of Representatives,to raise the US debt limit.The deal prevents the US government from defaulting on its loans until Jan.1,2025,but it dampens prospects that federal agencies will get increases in the next 2 years to support science and technology initiatives...
The 2025-2026 federal student aid application will open to all students as late as Dec. 1, mirroring delays last year. Sarah WoodAug. 12, 2024 Net Price Calculator: What to Know A net price calculator can help estimate students' financial aid eligibility. ...