Tag
National Debt
7 articles
Bessent Says U.S. Deficit Has Likely Peaked as National Debt Tops $40 Trillion
Treasury Secretary Scott Bessent told CNBC the government's fiscal consolidation efforts could save hundreds of billions, though tariff revenue remains uncertain after court setbacks.
Federal Deficit Set to Hit $2.1 Trillion in 2026, CBO Says
The Congressional Budget Office raised its fiscal year 2026 deficit forecast by $200 billion, citing surging debt costs and a Supreme Court ruling that cut tariff revenue.
U.S. National Debt Hits $36.2 Trillion, With Debt-to-GDP Ratio Projected to Double by 2075
Federal debt held by the public could reach 206 percent of GDP by 2075, driven by entitlement spending and interest costs that outpace revenue.
Congress's War Power Retreat: Schiff's Warning Echoes Market Fears of Unchecked Spending
Representative Adam Schiff's assertion that both parties are responsible for diminishing Congress's war powers highlights growing concerns over federal spending and its impact on the U.S. economy and financial markets.
House Republican Calls National Debt 'Ticking Time Bomb'
A leading voice in the House GOP reignites fiscal austerity debates, signaling a looming battle over federal spending that could reshape market sentiment and investment strategies across Wall Street.
House Republican Slams National Debt as 'Ticking Time Bomb,' Setting Up Fiscal Clash
A prominent House Republican's stark warning about the national debt as a 'ticking time bomb' signals an impending fiscal battle in Washington, potentially impacting bond markets and investor confidence.
U.S. Debt Rocketing to $64T by 2034; Bitcoin Braces for Flight
Bank of America's stark $64 trillion U.S. national debt projection by 2034 solidifies Bitcoin and Ethereum's role as crucial inflation hedges, signaling a major capital reallocation from traditional assets.