Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’
America’s debt burden has hit $38 trillion. In fact, at the time of writing, it is $19 billion…
US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed…
Ecuador’s Declining Oil Output Threatens to Spark an Economic Crisis
The last decade has been especially grueling for Ecuador’s economically vital oil industry. Plummeting investment, heavily corroded infrastructure,…
Social Security chief says he won’t hike retirement age amid benefit cut fears
Social Security’s leadership says raising the retirement age is not under consideration after Commissioner Frank Bisignano walked back…
Bridgewater founder Ray Dalio says it will get harder to sell US debt
On a spectrum of opinion about America’s national debt, Ray Dalio comes down on the end of “crisis.”…
Ray Dalio says the world is running out of interest in buying U.S. debt—but America is unable to cut back its spending
Ray Dalio warned at the Future China Global Forum that America’s $37.5 trillion debt poses a crisis risk,…