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But interest rates and inflation have increased. Today, the federal government spends more to pay off its debt each year than ...
The challenge is that the U.S. has to pay interest on its debt, which is increasing yearly. The Congressional Budget Office ...
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending. The national debt — which ...
President Donald Trump’s drive to enact trillions of dollars in tax cuts and raise the federal debt is on track after he and ...
Extending President Donald Trump's 2017 tax cuts could push the national debt to vast levels by 2054, especially if interest rates rise, according to a new estimate by the Congressional Budget Office.
Data: Committee for a Responsible Federal Budget; Chart: Axios Visuals Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of ...
The national debt has been an issue in the country for decades. But concern about the debt has peaked for two reasons. First is the debt’s size, today totaling $36 trillion. As a percent of the ...
Moody’s cites the unchecked rise of federal debt as a percentage of GDP, along with ballooning interest costs due to higher borrowing rates. That gloomy debt trajectory will likely worsen as ...