What fueled the increased cost of servicing the debt has been higher interest rates. In April 2020, when the government was borrowing trillions of dollars to address the pandemic, the yield on 10-year Treasury notes fell as low as 0.6%. They’re now 4.4%, having increasing since Septe...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
Remains of Nearly 30 Civil War Veterans Found in a Funeral Home's Storage Are Laid to Rest For decades, the cremated remains on more than two dozen American Civil War veterans languished in storage facilities Washington Associated PressNov. 4, 2024 ...
Recently, the U.S. government's monetary policy has been disastrous. Seeking "short-term kicks" as opposed to long-term gains, politicians overheated the money supply by pumping trillions of dollars into the economy in a bid to force restart spending, which triggered a tidal wave of inflation...
In her speech on March 27, US Representative Young Kim alleged that China was exploiting its status by applying for development assistance and loans, while spending trillions on infrastructure projects in developing countries as part of what she called "the debt trap diplomacy scheme known as the ...
US Representative Brendan Boyle of Pennsylvania, the top Democrat on the House Budget Committee, said: "Decades of Republicans' unpaid-for tax cuts for the mega-rich and well-connected have added trillions to the debt, deprived the economy of needed revenue, and failed to deliver their promised...
‘Sigh of relief’: Wall Street welcomes Trump’s pick of Bessent for Treasury Nomination of hedge fund investor follows tumultuous fight for the top US economic post November 22 2024 Bitcoin Can Trump really pay off the US national debt with bitcoin?
In her speech on March 27, US Representative Young Kim alleged that China was exploiting its status by applying for development assistance and loans, while spending trillions on infrastructure projects in developing countries as part of what she called "the debt trap diplomacy scheme known as the ...
US Mortgage Debt Balance, 2016-2023 (trillions) Publication Date January 1, 2022 Sources Insider Intelligence Featured In US mortgage debt to top $14 trillion amid rate hikes, tight housing marketWhen it comes to homeowners insurance, Gen Z has unique needsSome banks face CFPB scrutiny after of...
Republicans like to present themselves as "fiscal conservatives", but their leading presidential candidate for 2024, Donald Trump, the self-proclaimed "king of debt", added more trillions to the national debt in one term than other presidents added in two. Democrats are no better, however, cling...