Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Wednesday, September 9, 2026

Friday, August 21, 2026

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned… 

Republicans have never been punished politically for their dismal stewardship of the budget…

 https://www.theguardian.com/business/2026/aug/20/us-national-debt-republicans


 

The $40 trillion U.S. debt: Three things to know : NPR

How does this affect me?

 https://www.npr.org/2026/08/20/nx-s1-5939473/40-trillion-federal-debt


 

US gross national debt tops $40tn for first time

Earlier on Wednesday, the US treasury announced it would double its buyback of government debt after the bond market balked at ongoing inflation and continued conflict between the US and Iran. Though the move doesn’t increase the debt, it highlights the growing struggle the US is having in attracting investors to help take on its debt...

 https://www.theguardian.com/us-news/2026/aug/19/us-debt-40-trillion


 

 

Saturday, August 15, 2026

5 things we learned about the economy this week : NPR

Average wages rose 3.2% in the past year, according to the Labor Department's July report. That's slower than the growth reported for June, and also means that wages are once again not keeping pace with inflation. 

https://www.npr.org/2026/08/14/nx-s1-5929422/inflation-spending-economy-groceries-gas 


Friday, July 31, 2026

US borrowing costs hit 19-year high as Fed holds interest rates

US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation...

 https://www.theguardian.com/business/2026/jul/30/us-borrowing-costs-19-year-high-fed-holds-interest-rates 


Thursday, February 12, 2026

US debt forecast to hit $64T in a decade as Trump policies widen deficit - POLITICO

The Congressional Budget Office released its marquee report Wednesday on the U.S. fiscal outlook, estimating that the tax and spending package Republicans enacted last summer — along with Trump's immigration policies — will increase deficits by trillions of dollars over the next decade. That budget gap would essentially cancel out the roughly $3 trillion in deficit reduction Trump's tariffs are expected to produce...

 https://www.politico.com/news/2026/02/11/us-debt-forecast-to-hit-64t-in-a-decade-as-trump-policies-widen-deficit-00775726


 

Friday, July 11, 2025

GOP Complains About Debt After Passing $4 Trillion Tax And Spending Bill | HuffPost Latest News

Democrats slammed Republicans for pushing a rescissions bill eliminating critical funding for vulnerable people worldwide, warning it would "poison" any bipartisan goodwill needed to negotiate legislation funding the government this year.

 What incentive, they asked, do Democrats have to negotiate deals on spending that require their votes to pass in the Senate if Republicans are going to simply turn around later and cancel funding they don't like via a partisan process that requires only 51 votes?…

https://www.huffpost.com/entry/tax-cuts-beautiful-bill-debt_n_686d6c69e4b041f69cfd4c4a


 

Tuesday, June 17, 2025

Senate Republicans Unveil Key Part Of Their 'Big Beautiful Bill' | HuffPost Latest News

Sen. Josh Hawley (R-Mo.) has said he thought the House provision was too strict, and that it would harm rural hospitals in Missouri. The Senate proposal is even stricter than the House version. "I'm very concerned about the effect on rural hospitals," Hawley said last week. 

"What I've said to my leadership is — and this is what I talked to the president about — is that I don't want to see rural hospitals close. So that's my bottom line."…

https://www.huffpost.com/entry/senate-finance-committee-big-beautiful-bill_n_68508419e4b072f3c80de92f

Thursday, June 12, 2025

Rand Paul says "incredibly petty" White House rescinded picnic invite over budget bill opposition - CBS News

"I think I'm the first senator in the history of the United States to be uninvited to the White House picnic," Paul told reporters. 

"Every Democrat will be invited, every Republican will be invited, but I will be the only one disallowed to come on the grounds of the White House."… "I just find this incredibly petty," Paul said. "The level of immaturity is beyond words."


 







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