When President Trump announced his plans for a new tariff regime, he said the action was…
Tag: U.S. 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,…
Interest on US debt is a top driver of future deficits, as past borrowing overwhelms fiscal outlook
U.S. debt is expected to continue soaring in the coming decades not because of excesses committed…
‘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.…