marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
government spending
11/10/2023
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By Cassie B.
Annual interest on U.S. debt soars past $1 trillion for the first time in history
Interest on U.S. debt has soared past $1 trillion for the first time in history, according to calculations from the Treasury. The estimation is calculated using data on the government’s monthly outstanding debt balance and average interest. The projected amount has doubled during the past 19 months. This shocking figure comes as interest costs for […]
10/02/2023
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By Arsenio Toledo
Congress abandons Ukraine aid in temporary funding bill to avert government shutdown
President Joe Biden signed a temporary funding bill late Saturday, Sept. 30, to keep the government open after Congress rushed to approve a bipartisan deal. The package drops Ukraine aid, a White House priority opposed by a growing number of GOP lawmakers. But it meets Biden’s request of increasing federal disaster assistance by $16 billion. The […]
09/22/2023
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By Belle Carter
Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T
The United States gross national debt just exceeded $33 trillion on Friday, September 15, three months after the federal government’s debt eclipsed $32 trillion in June. Additionally, the budget deficit is on track to reach $2 trillion in the current fiscal year. As per financial experts, Americans seemed to have become desensitized to these figures […]
09/21/2023
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By Olivia Cook
U.S. national debt hits $33 trillion mark, with $1 trillion incurred in just the last 3 months
The gross national debt of the U.S. surpassed $33 trillion on Sept. 18 – just three months after hitting the $32 trillion mark. The non-profit Committee for a Responsible Federal Budget (CRFB) said in a press release that on June 15, the federal government’s gross debt eclipsed $32 trillion. By comparison, the national debt was less than a […]
09/12/2023
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By Belle Carter
High interest rates contribute to the doubling of the federal deficit despite Biden’s claim of “strong economy”
The federal deficit has been forecasted to skyrocket to double last year’s $1 trillion to roughly $2 trillion for the fiscal year ending Sept. 30, despite President Joe Biden’s claim of robust and improving overall economic growth because of his government measures. The administration’s claim that the financial status is strengthening came when the deficit […]
09/05/2023
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By Arsenio Toledo
Massive government spending is keeping inflation high, warns market expert
The government is not getting its massive spending under control, and this could undermine the Federal Reserve’s ongoing fight against inflation. Market expert Larry McDonald warned that America’s fiscal situation will get worse without any change. “No one is calling them out,” he said. “Washington is stepping on the gas – colossal deficit spending – and […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
07/14/2023
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By Arsenio Toledo
ABSURD: British government sent $65.5M worth of foreign aid to China last year, the world’s second largest economy
The government of the United Kingdom gave nearly 50 million pounds ($65.5 million) worth of foreign aid to China last year. This is according to a new report by the Independent Commission for Aid Impact (ICAI), a watchdog group that found overseas aid sent to Beijing from 2021 to 2022 was around 48 million pounds ($63 […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
05/03/2023
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By Kevin Hughes
Scalise: Biden doesn’t have Plan B if he vetoes McCarthy’s debt bill
House Majority Leader Steve Scalise (R-LA) remarked that President Joe Biden does not have a Plan B if he vetoes the debt bill pushed by House Speaker Kevin McCarthy (R-CA). “The president doesn’t have a Plan B, [so] he would not veto this bill if it got to his desk,” Scalise told Fox Business host […]
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