When President Trump announced his plans for a new tariff regime, he said the action was…
Tag: government debt
CBO: US Treasury has paid $3 billion a day to service $39 trillion debt in 2026
The U.S. Treasury has paid $628 billion in net interest this year to service its borrowing,…
Treasury expected to borrow $2 trillion this year—more than $166 billion every month
The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the…
‘Cut up the credit cards:’ Members of Congress call for action after US debt surpasses GDP
The value of debt held by the public has officially surpassed the size of the U.S.…
The debt crisis Congress has been ignoring could cost the average U.S. household $18,000 a year
An excellent new study from the non-partisan Brookings Institution provides an ultra-sobering view of the potential…