IFS warns against ‘steady-as-you-go’ Budget as inflation not headroom is key Higher interest rates on Government debt will push up borrowing by about £10 billion in 2029-30, the IFS said. Evening Standard · 5h ago
France’s main problem is its inability to reduce public debt, economist says French economist Nicolas Bouzou says France's economic growth is not "strong" enough to sustain the country's welfare state. Euronews · 8h ago
Euro falls, set for fifth straight weekly drop as oil prices rise The euro has experienced a significant drop as concerns about France's public debt continue to affect investor confidence. Global bond markets have stabilized following US President Donald Trump's remarks on potential military action against Iran. Oil prices fluctuated significantly, impacting market dynamics and investor sentiment. US consumer sentiment has worsened… The Economic Times · Oct 10
America Hits a New Debt Record at $40 Trillion and Counting President Donald Trump has surpassed Barack Obama's record for most debt amassed by a president. Reason · Oct 5
America’s budget, the bond market and the national debt at 250: Gradually, then suddenly America’s debt is rising by the trillion. Congress is still refusing to face the bill. Fortune · Oct 4
What the bond market reveals about Congress, the national debt and the middle class—and where America goes from here The only real solution is to put fiscal policy on a sustainable trajectory, but on the tax side, it’s important to realize we have limited room. Fortune · Oct 3
Trump just soft-launched higher inflation as the new solution for rebalancing $40 trillion national debt “You know, inflation, certain levels of inflation, will also pay off that debt very rapidly. Very rapidly.” Fortune · Oct 2
The National Debt Has Exploded. The Reckoning Is Still Coming. Even the best-case scenario means less investment, slower wage growth, and a budget increasingly spent on past obligations. Reason · Oct 1
Nepal’s flooding disaster set to pile billions onto its national debt IN FOCUS: Exclusive: New analysis shows how climate disasters are sending the national debt of countries soaring, as campaigners warn much more must be done to compensate vulnerable countries that have done little to cause the climate crisis. Nick Ferris reports The Independent UK · Sep 27
The $40 trillion U.S. national debt is smaller than Japan's relative to its economy—but economist warns America is still 'the world's largest debtor' “Japan’s debt dynamics are fundamentally different from those of the United States … Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.” Fortune · Sep 26
D.C.'s affordability headache has a silver bullet, new study shows: Tackling $40 trillion national debt would boost household income by $36,000 "Deficit reduction can further reduce inflation by lowering self-reinforcing inflation expectations to the extent it reduces the likelihood that future policymakers will aim to inflate away the national debt." Fortune · Sep 23
Oil falls below $100 a barrel; UK government borrowing paints ‘dismal picture’ as bond vigilantes assemble – as it happened The rising cost of servicing the UK national debt pushed up borrowing last month, while oil is dropping, and M&G holds Bond Vigilantes Forum in London The Guardian - UK · Sep 22
No, Scott Bessent's bond plan isn't motivated by national debt hitting $40 trillion, say top economists—but he has revealed what will make him flinch "This can backfire because the market will look at this and say, 'Well, the fact that you need to come out and say and do these things implies that this market has already lost the confidence of investors.'" Fortune · Sep 21
As 10-year Treasury yield hits 5%, debt hawks are eyeing a national debt spiral: 'If this isn't a wake-up call, I don't know what will be' "A fiscal crisis, once unthinkable, is now a distinct possibility." Fortune · Sep 15
Latin Times · Sep 10 Sports Fandom Is Getting Expensive: Nearly Two-Thirds of Young Fans Have Taken on Debt Americans who spend money on sports fandom shell out an average of $1,970 a year, according to a National Debt Relief survey of more than 2,000 U.S. adults cited by CNBC. But younger fans are spending substantially more, and many have gone into debt along the way.
Fortune · Sep 10 Trump's $5,000 'dividend' is really a $1.15 trillion hole in the deficit, top economist estimates Penn Wharton's Kent Smetters says the payout, floated at the GOP's midterm convention, could add up to $1.35 trillion to the $40 trillion national debt.
International Business Times UK · Sep 10 Trump Dangles $5,000 Cheques After Promising Dividends and Never Delivering Donald Trump promises $5,000 dividend cheques to US voters if Republicans win the 2026 midterms as the country grapples with a $40 trillion national debt.
The Economic Times · Sep 10 Trump, hoping to salvage midterms, makes a dubious pledge to give every US adult $5,000 if GOP wins President Donald Trump pledged $5,000 to every adult American if Republicans win elections. This extraordinary promise would cost over one trillion dollars and require congressional approval. Vice President JD Vance suggested payments would exclude the wealthy and could be funded by tariffs. Experts note the US runs significant deficits and…
Fortune · Sep 10 As Treasury shells out $95 billion a month in interest to cover deficits, Trump pitches $1.3 trillion payout to voters if Republicans win midterms For the past 11 months, the CBO reported yesterday, the U.S. Treasury has spent $1.05 trillion servicing national debt—approximately $95 billion every month.
The Guardian - US · Sep 10 Trouble in US bond market could mean higher prices are here to stay Concerns over rising inflation, continuing war with Iran, and the US’s record national debt have shaken the market
Fortune · Sep 9 U.S. national debt increased by $5.1 million a minute for the past year, says Congress's economic committee—amounting to $117,279 for every American The rate of debt growth averages around $7.35 billion a day, a JEC report adds, or $306.4 million per hour—$5.11 million per minute.
Fortune · Sep 7 ‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year Last time the net interest payments were this high was 35 years ago. Analysts warn the U.S. is worse off now than it was then.
Fortune · Sep 5 'Chuck it in the fire.' A leading candidate in France's presidential race has a simple solution to its massive national debt: just cancel it “Why did we make a single currency and an ECB together? We can do it and I bet we’d find allies in Europe.”
The Economic Times · Sep 3 Trump’s second-term policies put US finances under growing strain as debt tops $40 trillion During President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are on a relentless rise, and interest on loans is climbing steeply. The tax reductions implemented by his administration have multiplied the national debt by trillions. This fiscal decline has roots…
The Economic Times · Sep 3 Trump signs stopgap bill, keeping US government funded through December before midterm elections President Donald Trump signed a funding bill, averting a government shutdown before elections. Congress approved a temporary extension of federal spending, keeping agencies funded through December. This measure gives lawmakers more time to resolve spending differences and fiscal challenges. The national debt has crossed forty trillion dollars, and affordability remains…