Federal debt now surpasses more than $13 trillion — or about $107,000 per U.S. household, according to a new report from the Cato Institute. The libertarian think tank’s report, titled “Washington’s Largest Monument: Government Debt,” suggests that mounting national deb...
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International Business Times, The Raw Story
Tue, 09/15/2015 - 4:58am
BING NEWS:
- California's unemployment benefits system 'broken' with $20B owed to feds in loan debt: report
Facing $20B debt and $2B yearly shortfalls, California’s unemployment system needs an overhaul concludes a new state report.
12/3/2024 - 7:57 am | View Link - US Debt Ceiling to Over Complicate Fed’s Balance-Sheet Runoff
The US debt ceiling is once again emerging as the Federal Reserve continues to unwind its balance sheet, putting the central bank in a tough spot — only this time it’s trickier.
12/3/2024 - 7:22 am | View Link - Trump’s economic plans may encounter a problem many Americans know all too well: Crushing debt
None of President-elect Donald Trump’s plans for boosting domestic production have “a chance” unless this happens, says one economist.
12/3/2024 - 6:46 am | View Link - Is Piling Debt Holding You Back From Saving More For Retirement? It Is For Many Americans
Roughly 46% of respondents in a recent survey said that debt like credit cards and student loans kept them from saving more.
12/3/2024 - 4:11 am | View Link - World Bank Calls for Debt Relief as Funds Flee Poor Countries
The World Bank’s top economist called on private lenders to shoulder some of the cost of debt forgiveness for the poorest countries, as record high repayments drain budgets that should be focused on ...
12/3/2024 - 1:30 am | View Link - More
- Understanding the National Debt | U.S. Treasury Fiscal Data
The national debt is the amount of money the federal government has borrowed to cover the outstanding balance of expenses incurred over time. In a given fiscal year (FY) , when spending (ex. money for roadways) exceeds revenue (ex. money from federal income tax), a budget deficit results.
12/3/2024 - 3:07 pm | View Website - U.S. National Debt by Year
The U.S. national debt climbed to $34 trillion for the first time in December 2023, up from about $31.42 trillion one year earlier. The debt-to-GDP ratio gives insight into whether the U.S. can cover all its debt. Recessions, defense budget growth, and tax cuts have all caused the national debt-to-GDP ratio to rise to record levels.
12/3/2024 - 5:56 am | View Website - Federal Debt: Total Public Debt as Percent of Gross Domestic Product ...
View the ratio of federal debt to the economic output of the U.S., which can indicate economic health and the sustainability of government borrowing.
12/2/2024 - 8:59 pm | View Website - Federal Debt: Total Public Debt | FRED | St. Louis Fed
Graph and download economic data for Federal Debt: Total Public Debt from Jan 1962 to Nov 2024 about public, debt, federal, government, USA, 10-year, maturity, Treasury, interest rate, interest, and rate.
12/2/2024 - 4:13 pm | View Website - National debt of the United States
The federal government has a 6.75 to 1 debt to revenue ratio as of Q2 2023. The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders.
12/2/2024 - 1:21 pm | View Website - More
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