he outlined how the national debt is already having consequences on geopolitics and the effectiveness of U.S. foreign policy. He has also consistently argued that anet national debt service cost in excess of defense expenditures is a foreboding harbinger of decline. Indeed...
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...
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 Woman Charged in a Vermont Border Patrol Officer's Death Has Been Ordered Held Without Bail A Washington state woman has been ordered held without bail in connection with the death of a U.S. Border Patrol agent in Vermont Associated PressJan. 30, 2025 ...
"Guest"--One who comes along for pleasure, recreational, or private reasons without cost or without having to pay. "Passenger"--One who pays, employs, or hires someone to transport themselves to another location "Traveling on the common way"--The act of locomotion and conveyance on the comm...
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...
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...
Sean Baker has won best director at the Oscars for “Anora,” the story of a Brooklyn exotic dancer who marries the impetuous son of a Russian oligarch Associated PressMarch 2, 2025 ‘No Other Land,' an Israeli-Palestinian Collaboration, Wins Oscar for Best Documentary ...
In particular, a high debt-to-output ratio might increase the probability of sovereign default and, thus, the cost of borrowing. Taking into account such effects would imply a higher welfare benefit of government debt reduction. We examine the sensitivity of our results to an increase in the ...
vulnerable, the big giveaway is when the costs of serving the debt exceed the cost of the defense budget". The Congressional Budget Office projects that the interest rate on US debt will surpass $1.4 trillion, about the size of today's federal deficit and almost twice today's defense ...