marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
budget deficit
12/13/2024
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By Ramon Tomey
Milei’s miracle: Argentina achieves historic BUDGET SURPLUS after 123 years of DEFICITS
Argentina achieved its first budget surplus in 123 years, marking a significant milestone for the country’s fiscal health. Argentine President Javier Milei led bold reforms, including deep budget cuts in public administration, healthcare and education, and measures to curb corruption and hyperinflation. Within a year, Milei reduced the national budget deficit to zero and cut […]
12/13/2024
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By Lance D Johnson
DOGE faces monumental task as U.S. budget deficit SOARS TO RECORD HIGH going into 2025
The U.S. budget deficit has reached unprecedented levels, with November spending at a record-high $584.2 billion, marking a 14 percent increase from the previous year. The Biden administration’s fiscal policies are criticized for exacerbating the financial situation, leading to a potential collapse of the U.S. monetary system. Government spending on health, defense, and Social Security […]
11/13/2024
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By Ava Grace
DEBT BOMB: Federal government borrowed $255 BILLION in October
The latest report from the nonpartisan Congressional Budget Office notes that the government of the United States borrowed $255 billion in October. The federal government’s massive borrowing and budget deficits are expected to strain the prospects of President-elect Donald Trump quickly turning around the U.S. economy and affect the country’s competitiveness in global markets. “There’s a fiscal storm on […]
08/21/2024
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By Richard Brown
Germany halts new military aid to Ukraine amid budget shortfall
Germany has stopped approving new military aid requests for Ukraine as Berlin grapples with a significant budget shortfall, according to a report by the German newspaper Frankfurter Allgemeine Zeitung (FAZ). The decision, driven by efforts to address the country’s 12 billion euro ($13.34 billion) budget deficit, means that Chancellor Olaf Scholz will no longer approve future military […]
02/14/2024
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By Belle Carter
DEBT SURGE ALERT: $8.9T government debt to mature, $1.4T budget deficit expected in 2024
The Congressional Budget Office (CBO) said that the government budget deficit will be $1.4 trillion and a record-high $8.9 trillion of national debt is set to mature in the coming year – this means more than $10 trillion in U.S. treasuries are coming to the market in 2024. The Federal Reserve has also been running […]
02/06/2024
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By Laura Harris
Connecticut set to become first state to wipe out medical debt for eligible residents
Connecticut is set to become the first state to eliminate medical debt for all eligible residents. The program, expected to commence in June, will be carried out in partnership with a nonprofit organization specializing in acquiring and canceling medical debt. Eligible residents include families whose medical debt represents five percent or more of their annual income. According to […]
01/16/2024
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By Cassie B.
Month-over-month U.S. budget deficit rose by 50% in December as financial collapse looms
The U.S. treasury has reported budget deficit information for December, and the situation is so dire that some experts believe a fiscal collapse is inevitable. As the government continues to spend an eye-watering amount of money, it should come as no surprise that total outlays were $559 billion last month, while just $429 billion was […]
12/06/2023
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By Belle Carter
U.S. Treasury running out of new buyers of debt, enters debt spiral thanks to reckless government spending
Analysts are saying that the federal government will continue to pile up debt at astonishing rates, a few weeks into the next fiscal year. Though they believe that there are a lot of factors that brought America into the situation, experts point to the wasteful government spending. Expenditures increased due to the recent economic downturn […]
11/13/2023
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By Belle Carter
Annualized federal debt interest cost surpasses $1T, Bloomberg analysis reveals
Research analysts from the media outlet Bloomberg recently revealed that the combination of high levels of debt and higher interest rates has sent the annualized interest cost of government debt over $1 trillion. According to the analysis released on November 7, the figures are twice the interest costs over the past 19 months and are […]
11/12/2023
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By Belle Carter
Doug Casey: Entitlements, excessive defense spending and high federal debt interest push U.S. to brink of bankruptcy
There are a lot of indicators that the Americans’ fear of the imminent bankruptcy of the United States is coming sooner than later. The U.S. government’s budget is the biggest in the history of the world and is growing at an uncontrollable rate. In the latest Bloomberg Intelligence research, strategists wrote that there will be […]
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