#government-budget-uncertainty

[ follow ]
#social-security
Retirement
from24/7 Wall St.
12 hours ago

Social Security Issues Major Warning to Retirees

Retirees must be vigilant against increasing government impostor scams targeting their Social Security information.
Retirement
from24/7 Wall St.
3 days ago

64% of Americans are Making a Fundamental Mistake on Social Security

Social Security's trust fund may run dry by 2032, but benefits will still be paid from ongoing revenue, covering about 75% of promised benefits.
Retirement
fromwww.businessinsider.com
3 days ago

The ghost of DOGE is still haunting Social Security

Social Security faces a staffing crisis and budget cuts, impacting 74 million Americans relying on benefits amid rising demand and employee burnout.
SF politics
fromPOLITICO
15 hours ago

'Paradigm shift:' How Trump's budget request will keep everyone guessing

The Supreme Court's decision on pocket rescissions could significantly impact budget negotiations and the power of the Office of Management and Budget.
US Elections
fromIndependent
1 hour ago

Public braced for global recession within a year, new poll shows

82% of voters fear a recession within the next year, with 56% believing it could be as severe as the 2008 financial crash.
Real estate
fromwww.housingwire.com
8 hours ago

How is the housing market weathering war-time economics?

Pending home sales decreased to 70,676, influenced by rising mortgage rates, while total pending sales remain higher year-over-year at 380,914.
Washington DC
fromTruthout
13 hours ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
Europe news
fromFortune
13 hours ago

European ministers urge EU to impose windfall taxes on energy companies as prices spike 'to ensure that this burden is distributed fairly' | Fortune

European finance ministers are urging a bloc-wide windfall tax on energy companies to address rising oil and gas prices and inflation concerns.
Psychology
from24/7 Wall St.
1 day ago

Dave Ramsey Is Right About Why Americans Are Spending More and Feeling Worse

Emotional spending leads to financial problems, as people seek fulfillment through material possessions rather than saving.
US politics
fromwww.aljazeera.com
1 day ago

US unemployment rate drops despite economic uncertainty and Iran war

Job growth in March exceeded expectations, with significant gains in healthcare and construction sectors despite economic uncertainties.
#federal-reserve
Left-wing politics
fromHarvard Gazette
3 days ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
World politics
fromFortune
5 days ago

Jerome Powell says $39 trillion national debt is 'not unsustainable,' but warns the trajectory 'will not end well' | Fortune

America's $39 trillion debt is manageable short-term, but its growth trajectory is unsustainable and requires urgent legislative action.
Left-wing politics
fromHarvard Gazette
3 days ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
World politics
fromFortune
5 days ago

Jerome Powell says $39 trillion national debt is 'not unsustainable,' but warns the trajectory 'will not end well' | Fortune

America's $39 trillion debt is manageable short-term, but its growth trajectory is unsustainable and requires urgent legislative action.
Law
from24/7 Wall St.
1 day ago

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Prioritize IRS debt over other debts due to its unique enforcement powers and penalties.
Cryptocurrency
fromnews.bitcoin.com
1 day ago

Bitcoin Hovers Near $67,000 Amid US Political Turmoil and Soaring Energy Prices

Bitcoin remained stable around $67,000 despite geopolitical tensions and political upheaval in the U.S.
#defense-spending
fromFortune
2 days ago
US Elections

Trump wants to add nearly $7 trillion to the $39 trillion national debt with his new military budget, watchdog warns | Fortune

US Elections
fromFortune
2 days ago

Trump wants to add nearly $7 trillion to the $39 trillion national debt with his new military budget, watchdog warns | Fortune

The White House plans a historic $1.5 trillion defense budget increase amid rising national debt concerns.
fromIndependent
2 days ago

'If you are using credit cards to take out cash, you need to cut up your card' - money experts share their credit card dos and don'ts

Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly. The temptation to use one to fund a big holiday or a new sofa that you can't afford can be seriously tempting.
Relationships
#new-york-city
fromwww.amny.com
2 weeks ago
New York City

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City
fromwww.amny.com
2 days ago

Op-ed | A responsible path forward for New York City's budget | amNewYork

New York City's budget process is a complex negotiation that impacts community investment and addresses fiscal challenges.
New York City
fromNew York Daily News
3 days ago

NYC Council budget plan averts Mamdani property tax hike, avoids tapping reserves

The City Council plans to close New York's budget gap without tax hikes or using reserves, proposing alternative funding sources instead.
New York City
fromwww.amny.com
2 weeks ago

NYC BUDGET: Another rating company issues negative financial outlook as City Hall grapples with big deficit | amNewYork

New York City's financial outlook was revised to negative by KBRA, following similar actions by Moody's and S&P, due to budget concerns.
World news
fromnews.bitcoin.com
2 days ago

Trump's $1.5T Defense Budget Push, Iran Warning Send Stocks, Gold, and Bitcoin Lower

Wall Street closed lower as Trump's address on Iran raised oil prices and reversed previous market optimism.
UK news
fromBusiness Matters
2 days ago

Bank of England warns Iran war could trigger financial crisis risks

Escalating Middle East tensions could lead the UK towards a financial crisis due to rising energy costs and market volatility.
East Bay (California)
fromThe Oaklandside
2 days ago

Oakland made a big financial mistake failing to collect business taxes, audit finds

Oakland failed to collect owed business taxes, exacerbating financial crises and limiting revenue needed for essential services.
from24/7 Wall St.
3 days ago

The US Government Could End The Federal Gas Tax

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
Alternative transportation
Boston
fromBoston.com
3 days ago

Boston faces budget deficit of nearly $50 million

Boston faces a $48.4 million budget deficit due to external cost pressures, prompting spending freezes and hiring delays.
Right-wing politics
fromEsquire
4 days ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
World politics
fromwww.theguardian.com
3 days ago

A third inflationary shock in less than a decade is coming: who will pay the price this time around? | Aditya Chakrabortty

Daniel Yergin highlights the vulnerability of global oil supplies through the Strait of Hormuz and the consequences of military actions against Iran.
Business
from24/7 Wall St.
4 days ago

Fed Chair Powell Warns: Another Supply Shock Is Coming

Jerome Powell warns of an impending energy shock that could impact inflation and market stability.
#reproductive-rights
UK politics
fromwww.independent.co.uk
3 days ago

Bank of England warns 1.3m households face higher mortgages due to Iran war

The Independent provides critical journalism on key issues without paywalls, relying on donations to support reporting on both sides of important stories.
fromwww.independent.co.uk
4 days ago
UK news

Britain facing one of the largest shocks from energy crisis, warns IMF

The Independent provides critical journalism on key issues like reproductive rights and climate change, emphasizing the importance of accessible reporting.
UK politics
fromwww.independent.co.uk
3 days ago

Bank of England warns 1.3m households face higher mortgages due to Iran war

The Independent provides critical journalism on key issues without paywalls, relying on donations to support reporting on both sides of important stories.
UK news
fromwww.independent.co.uk
4 days ago

Britain facing one of the largest shocks from energy crisis, warns IMF

The Independent provides critical journalism on key issues like reproductive rights and climate change, emphasizing the importance of accessible reporting.
fromFast Company
3 days ago

Kalshi's new campaign in D.C. is an ad for everything wrong with prediction markets

Kalshi's ads emphasize that it bans insider trading and does not engage in death bets, aiming to reassure observers about the integrity of its market operations.
Marketing tech
fromwww.housingwire.com
4 days ago

Homeowner Assistance Fund backstopped vulnerable borrowers

The insights from this report help us think about potential gaps in the loss mitigation waterfall and the types of homeowners who may benefit from targeted support when they experience a crisis.
SF real estate
NYC politics
fromGothamist
4 days ago

Gov. Hochul, lawmakers to miss NY budget deadline yet again

New York's state budget will be late again, marking the seventh consecutive year without an on-time budget.
Mindfulness
fromPsychology Today
4 days ago

How Financial Anxiety Clouds Your Brain

Financial worries impair cognitive functions, affecting decision-making and performance, rather than reducing inherent intelligence.
fromMission Local
4 days ago

S.F. on track to shrink deficit by $300M, city controller says

We are not out of the woods. If we don't act now, we will have to do twice as much in the coming years, with the choices becoming more difficult, more expensive, and more painful.
San Francisco
US Elections
fromAxios
20 hours ago

"We're fighting wars": Trump bets his presidency on the Pentagon

Trump's budget prioritizes military spending, significantly cutting non-defense programs amid declining approval ratings and rising gas prices.
Washington DC
fromNextgov.com
1 day ago

Civilian agencies face 10% cuts in Trump's 2027 budget

President Trump proposed a $2.2 trillion fiscal 2027 budget with increased defense spending and cuts to non-defense agencies.
SF politics
fromNextgov.com
1 day ago

Trump's FY27 budget makes both boosts and cuts to tech operations

The FY27 budget proposal significantly cuts funding for cybersecurity, reflecting ongoing efforts to reduce the Cybersecurity and Infrastructure Security Agency's resources.
#dhs
fromIntelligencer
2 days ago
US politics

Johnson Caves on DHS, But Shutdown Deal Could Unravel Again

The Senate passed a bill to reopen DHS, but House Republicans rejected it until a sudden agreement was reached with Trump's assurance of funding.
fromwww.theguardian.com
3 days ago
US politics

Republican leaders agree to advance funding deal to end DHS shutdown

Congress is advancing legislation to fund DHS operations, excluding immigration enforcement, potentially ending the longest funding lapse in US history.
US politics
fromIntelligencer
2 days ago

Johnson Caves on DHS, But Shutdown Deal Could Unravel Again

The Senate passed a bill to reopen DHS, but House Republicans rejected it until a sudden agreement was reached with Trump's assurance of funding.
US politics
fromwww.theguardian.com
3 days ago

Republican leaders agree to advance funding deal to end DHS shutdown

Congress is advancing legislation to fund DHS operations, excluding immigration enforcement, potentially ending the longest funding lapse in US history.
fromBitcoin Magazine
3 days ago

U.S. Treasury Launches First GENIUS Act Rulemaking Proposal

The proposed rule establishes broad principles to guide the determination of whether state-level stablecoin regulatory regimes are 'substantially similar' to the federal framework, allowing smaller issuers to remain under state supervision.
Cryptocurrency
UK politics
fromBusiness Matters
3 days ago

Inheritance tax overhaul sparks backlash as family firms warn of lasting damage

Changes to inheritance tax rules threaten family business growth and investment in the UK.
from24/7 Wall St.
4 days ago

Wall Street Downgrades Procter & Gamble Amid Iran War Cost Pressures and More

TD Cowen reduced estimates across the household and personal care space, arguing that companies will be unable to fully mitigate higher oil-related input costs stemming from the Iran war.
Business
fromwww.mediaite.com
5 days ago

Bad News All Around!' Fox Business Host Stunned By Highly Inflationary' Prices in Total Bummer of an Economic Analysis

High energy prices are kryptonite for the housing market. Affordability, especially for those first-time home buyers, is now an elusive dream until oil prices come down and interest rates come down.
SF real estate
fromPOLITICO
1 day ago

Trump asks Congress to supersize military budget, slash domestic programs

The White House is seeking a 10 percent cut to nondefense spending, proposing a reduction of $73 billion from federal programs outside the military, targeting environmental initiatives.
Washington DC
US politics
fromwww.aljazeera.com
2 days ago

US Homeland Security shutdown to stretch on, despite Senate passing funding

The House has not voted on the Senate bill, prolonging the partial government shutdown affecting DHS funding and federal workers.
Cryptocurrency
fromnews.bitcoin.com
3 days ago

US Treasury Seeks Industry Input as Stablecoin Regulation Enters Federal Rulemaking Phase

U.S. Treasury proposes new stablecoin regulation framework under the GENIUS Act, seeking public input on state and federal oversight alignment.
World politics
fromnews.bitcoin.com
4 days ago

Schiff Warns US Dollar Credibility Collapse Could Trigger Rising Rates, Debt Crisis, and Economic Downturn

Heightened geopolitical tensions and currency concerns are driving increased demand for gold as a safe-haven asset.
SF politics
fromFortune
4 days ago

Congress is violating the Constitution-and a $39 trillion debt is the proof | Fortune

Most Americans and many Members of Congress lack knowledge of the U.S. Constitution, leading to significant fiscal consequences.
Business
from24/7 Wall St.
4 days ago

Extreme Fear is Gripping the Market, This Is the Smart Move Most Investors Miss

Investors are panicking, leading to extreme fear in the markets, with quality stocks like Apple and Microsoft also being sold off.
from24/7 Wall St.
19 hours ago

Retirees Love This Treasury ETF Until They See the 5 Year Price Chart

TLT holds U.S. Treasury bonds with remaining maturities greater than 20 years, collecting fixed semi-annual coupons that are passed through as monthly distributions.
Retirement
UK politics
fromwww.bbc.com
6 days ago

Cut taxes on energy bills before giving bailouts, Badenoch says

Kemi Badenoch advocates for tax cuts on energy bills instead of direct payments to households amid rising energy costs.
fromLondon Business News | Londonlovesbusiness.com
2 days ago

US dollar rose amid a rebound in geopolitical concerns - London Business News | Londonlovesbusiness.com

The US dollar returned to the upside as geopolitical fears rebounded after US President Trump's address to the nation. The rhetoric fuelled risk aversion and flows toward the dollar while oil prices surged.
US Elections
fromLondon Business News | Londonlovesbusiness.com
4 days ago

US dollar stable near recent highs - London Business News | Londonlovesbusiness.com

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
World politics
fromFortune
5 days ago

Bond yields are falling even as oil tops $102, showing that Wall Street fears recession more than inflation | Fortune

"Oil prices are higher again this morning, but Treasury yields are lower as the risks to economic growth begin to take precedence over the risks to inflation," Oxford Economics said in a note on Monday.
World news
Business
fromFortune
5 days ago

Bill Ackman told spooked investors to get over the Iran war and buy Fannie and Freddie. Stocks surged 40% the next day | Fortune

Bill Ackman recommends buying Fannie Mae and Freddie Mac, citing their undervaluation amid market fears related to the Iran war.
Retirement
fromwww.housingwire.com
5 days ago

Policy turmoil, fiscal uncertainty cause retirement hesitation

Policy uncertainty significantly impacts economic activity and household financial decisions, particularly for near-retirees and retirees.
fromPOLITICO
3 days ago

How prediction markets landed in Congress' crosshairs

"There seems to be a growing consensus that the status quo is unsustainable," said Rep. Ritchie Torres, a New York Democrat who was an early entrant into Congress' prediction market debate.
US politics
World news
fromFortune
5 days ago

S&P set for another loss following worst week since Iran War began as oil keeps climbing | Fortune

U.S. stocks are volatile as oil prices rise amid uncertainty over the Iran war's duration and its impact on inflation.
World politics
fromnews.bitcoin.com
6 days ago

Economist Steve Hanke Says US Is Losing Iran War and Is Financially Insolvent

The U.S. position in the Iran conflict is weaker than acknowledged, with Iran gaining control over the Strait of Hormuz.
#national-debt
Business
fromFortune
1 week ago

'There is no silver lining in this trajectory': Budget watchdog warns of financial, inflation or currency crisis due to $39 trillion national debt | Fortune

U.S. national debt exceeds $39 trillion, prompting calls for a deficit-to-GDP benchmark of 3% to stabilize fiscal trajectory.
US politics
fromFortune
2 weeks ago

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

U.S. national debt reached $39 trillion in January 2025, accumulating at an unsustainable pace that budget experts unanimously describe as alarming and economically dangerous.
fromFortune
3 weeks ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

fromFortune
2 months ago
US politics

'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns | Fortune

fromFortune
2 months ago
US politics

82% of voters want Congress to focus on the $38 trillion national debt, watchdog says: 'voters are understandably concerned' | Fortune

Business
fromFortune
1 week ago

'There is no silver lining in this trajectory': Budget watchdog warns of financial, inflation or currency crisis due to $39 trillion national debt | Fortune

U.S. national debt exceeds $39 trillion, prompting calls for a deficit-to-GDP benchmark of 3% to stabilize fiscal trajectory.
US politics
fromFortune
2 weeks ago

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

U.S. national debt reached $39 trillion in January 2025, accumulating at an unsustainable pace that budget experts unanimously describe as alarming and economically dangerous.
fromFortune
3 weeks ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

fromFortune
2 months ago
US politics

'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns | Fortune

fromFortune
2 months ago
US politics

82% of voters want Congress to focus on the $38 trillion national debt, watchdog says: 'voters are understandably concerned' | Fortune

US politics
fromFortune
5 days ago

Jerome Powell lets loose: 'it's very hard to build great democratic institutions and much easier to bring them down' | Fortune

Monitoring inflation is crucial due to energy price spikes, while the job market remains challenging for young graduates amid AI advancements.
SF politics
fromFortune
2 weeks ago

The U.S. just hit $39 trillion in debt. Here's the constitutional fix that Congress won't touch | Fortune

The U.S. House failed to pass a Balanced Budget Amendment as federal debt surpasses $39 trillion, raising concerns about fiscal responsibility.
fromFortune
1 week ago

U.S. debt suddenly draws weaker demand as $10 trillion must be rolled over this year amid Iran war. 'The bond market remains undefeated' | Fortune

The U.S. Treasury bond market has finally responded to the Mideast war, giving its assessment of the energy shock's severity and the war's effect on U.S. fiscal imbalance and inflation.
World news
Intellectual property law
fromFortune
1 month ago

Finance leaders divided on using potential tariff refunds-just 18% would fully roll back price hikes | Fortune

Corporate executives remain divided on tariff refund strategies and are reluctant to reduce prices despite potential cost relief from Supreme Court rulings.
Europe news
fromFortune
3 weeks ago

U.S. debt is like a Hallmark movie boyfriend who eventually gets dumped for a small town firefighter, budget watchdog warns | Fortune

U.S. debt remains attractive to investors due to lack of better alternatives, but this may change as debt grows and other options emerge.
#national-debt-crisis
SF politics
fromFortune
2 weeks ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
3 weeks ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
SF politics
fromFortune
2 weeks ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
3 weeks ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
US Elections
fromwww.npr.org
2 weeks ago

The Federal Reserve is facing tough choices as the economy faces deep uncertainty

The Federal Reserve faces conflicting pressures from weakening employment and rising inflation driven by geopolitical tensions, complicating its policy decisions.
fromFortune
2 weeks ago

300 years of wars show they are 'always disaster times' for holders of government debt because of inflation and financial repression | Fortune

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
World politics
US politics
fromFortune
1 week ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Business
fromFortune
2 weeks ago

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns | Fortune

By 2031, U.S. federal debt interest rates will exceed economic growth rates, triggering a self-reinforcing debt spiral where deficits cause debt to grow indefinitely.
US politics
fromFortune
1 week ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
US politics
fromAxios
1 week ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
fromTheregister
4 weeks ago

UK Treasury unsure about joining 1.7B program it is funding

In principle, all the departments are supportive of the Shared Services Strategy. However, HM Treasury and the Department for Education (DfE), who currently have modern ERPs and are both in the Matrix cluster, have indicated they would welcome more information through the business case about likely costs for them before they assess that onboarding is feasible and value for money.
UK politics
Business
fromFortune
2 weeks ago

U.S. debt is competing with a record supply of corporate bonds, which is pushing up the cost of federal borrowing just as war spending piles up | Fortune

Record corporate bond issuance driven by AI capital expenditure and geopolitical factors is increasing Treasury yields and raising borrowing costs for the federal government.
fromFortune
3 weeks ago

Trump's economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what's next | Fortune

Operation Epic Fury is racking up a staggering military bill. According to the Center for Strategic and International Studies, a DC think tank, the military campaign is costing approximately $891.4 million every single day. The first 100 hours of the conflict alone consumed $3.7 billion, CIS added in a report on the costs of the fighting, as reported by CNN.
World politics
#federal-deficit
fromFortune
3 weeks ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
3 weeks ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

US politics
fromemptywheel
3 weeks ago

Blips and Gyrations: The Market Thinking of Trump's Incompetent Advisors - emptywheel

Trump administration officials downplay oil market volatility from Iran conflict as temporary fluctuations requiring sustained data before policy changes.
US politics
fromFortune
1 month ago

The 'alternative scenario' of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal | Fortune

Supreme Court invalidated major Trump tariffs, removing tariff revenues and potentially raising federal deficits and national debt toward 131% of GDP by 2036.
#federal-debt
fromFortune
1 month ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

fromFortune
1 month ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

fromFortune
1 month ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

fromFortune
1 month ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

US politics
fromFortune
1 month ago

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

U.S. national debt will rise to 120% of GDP by 2030, surpassing the World War II peak and severely constraining fiscal flexibility.
US politics
fromFortune
2 months ago

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn | Fortune

Budget deficits have become the primary driver of corporate profits and inflated stock valuations by channeling government spending into financial markets.
US politics
fromwww.aljazeera.com
1 month ago

CBO: US Federal deficits and debt to worsen over next decade

U.S. federal deficits and debt are projected to rise substantially over the next decade due to increased spending, higher debt service, tariffs, and immigration policies.
[ Load more ]