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INSANE: 11 | Vintage Vibes

CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts

The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars in additional tax cuts being championed by President-elect Donald Trump

The Independent UK

Surge in number of Australians seeking debt help

Australians are struggling with the mounting cost of living, with the National Debt Helpline fielding a significant increase in calls.

AAP

Buddy Carter's Bill to Abolish IRS and Overhaul Tax Code Aims to Cut National Debt

US Rep. Buddy Carter's Fair Tax Act would help Americans save money by putting them in charge of their tax rate, reducing tax loopholes and the national debt, and mandating illegal immigrants to pay their fair share of taxes.

International Business Times UK

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3 Defense Stocks Gaining From Budget and Interest Rate Pressures

As the national debt grows to a staggering $36 trillion today, its interest burden has surpassed the defense budget, and a potential increase is called for.

MarketBeat

Rep. Burchett Emphasizes Need For Fiscal Responsibility In Government Spending

Rep. Tim Burchett expresses concerns about government spending, national debt, and the urgent need for fiscal responsibility in both parties.

Top News

Sen. Kennedy Urges Trump To Control GOP Amid Spending Bill

Senator Kennedy calls on President-elect Trump to intervene in GOP caucus for spending bill negotiations and address national debt concerns.

Top News

House Passes House Passes Top News Trillion Defense Bill Amid Rising National Debt Trillion Defense Bill Amid Rising National Debt

The House passed the NDAA allocating 5.2 billion for defense, contributing to the growing national debt. Senate and President Biden's approval are next ...

Top News

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Financial Advisor Charles Wareham On Skyrocketing US Debt, Rising Taxes And What To Do With America's Retirement Plan

With a debt-to-GDP ratio of 122.84% and a recent hike in its interest expenses— now costing $1.133 trillion due to inflation and rising interest rates, the USA is spending 17% of its federal budget just to maintain its debt.

International Business Times

The case for a strategic Bitcoin reserve

A Bitcoin reserve could both reduce the national debt and thwart attempts by U.S. rivals to create a competing currency.

Fortune

DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debt

The 2025 deficit needs to be reduced by $750 billion to stabilize national debt—or twice what the federal government spends to pay all civilian employees.

Fortune

GOP eyes Medicaid, food stamp cuts

Trump plans to extend a 2017 tax bill that would add $4 trillion to the national debt

Salon

State Financial Officers Call For Action On National Debt

State financial officers unite to address trillion national debt, urging action for fiscal responsibility.

Top News

The National Debt Just Hit $36 Trillion. Does Trump Have a Plan To Control It?

It would take nearly $8 trillion in budget cuts merely to stabilize the national debt so it does not grow faster than the economy.

Reason

Elon Musk, Vivek Ramaswamy, and the $35T national debt—entrepreneurs to the rescue

They're slated to lead Trump's Department of Government Efficiency, and it's a step in the right direction given the national debt crisis.

Fortune

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Fortune

Former CIA chief Leon Panetta says Trump's economic boost contains a hidden $7 trillion threat

The ex-Secretary of Defense said Trump's policies could propel the economy but might send the national debt soaring even higher.

The Conversation

What counts as national debt and assets now? Here’s how to understand the UK’s redefined fiscal rules

Governments set rules that we, as citizens, must follow – laws with clear consequences for non-compliance. But they also set rules for themselves, and these can be flexible when convenient.

Roll Call

Campaign-trail tax proposals face difficult road to passage - Roll Call

The hefty national debt and trillions of dollars in tax breaks due to expire next year are likely to complicate passage of pricey new plans.

Radio France Internationale

France faces credit downgrade as Moody's readies verdict on €3.2 trillion debt

Earlier this month, U.S. credit rating agency Fitch upheld its AA- rating for French debt, but shifted the outlook from "stable" to "negative." On 25 October, Moody’s is set to deliver its assessment. If France’s budget plans falter, the country risks a credit rating downgrade, which would drive up borrowing…

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International Business Times

Interest On US National Debt Tops 'Truly Astounding' $1 Trillion For First Time

The record outlay during fiscal 2024 represents an annual increase of 29 percent, with the Treasury Department saying higher rates were 'largely' to blame.

Fortune

BofA CEO says U.S. economy is the envy of the world—but could lose its power due to national debt

Brian Moynihan, CEO of Bank of America, said the U.S. needs to get its “eyes and stomach in line.”

Fortune

Jamie Dimon says global politics are 'treacherous and getting worse'—so he's preparing for anything

In JPMorgan Chase's third-quarter earnings release, Jamie Dimon also mentioned inflation, national debt, and trade restructuring.

Top News

Candidates' Promises Could Skyrocket National Debt

Analysis of Harris and Trump's plans reveals potential trillions in national debt increase.

International Business Times

National Debt May Rise Under Harris, But Could Surge Under Trump: Study

Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.

The Independent UK

New analysis suggests national debt could increase under Harris, but it would surge under Trump

No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans

France 24

A 'dramatic break' with China would be a 'big mistake', former ECB chief Trichet says

France's public debt is very much in the spotlight. The country's recently appointed prime minister, Michel Barnier, calls it a "sword of Damocles" hanging over future generations. Indeed, for many countries, paying interest on the national debt deprives them of investing in education, healthcare, research and so on. Similar debates…

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