US Warned of 'Death Spiral' of Debt
The country risks an economic "heart attack" if lawmakers are unable to reel in the national debt, warns one hedge fund ...
Committee for a Responsible Federal Budget1d
Interest Costs Would Explode with $5.5 Trillion Reconciliation Package
This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...
How Bessent Could Solve the Debt Problem: 3-3-3, DOGE, and a Dose of ‘Repression’
Interest expense is the fastest-growing and most nettlesome part of the federal budget, now exceeding military spending.
Committee for a Responsible Federal Budget17h
Interest on the Debt to Grow Past $1 Trillion Next Year
The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...
Washington Examiner10d
U.S. national debt burden tops $106,000 per person
The national debt is on track to hit 172% of GDP by 2054, according to the Peterson Foundation. At the end of the World War II borrowing spree, the national debt was 100% of GDP. The U.S ...
Arrington calls federal interest costs 'a ticking time bomb'
A top Republican budget hawk called growing federal interest costs "a ticking time bomb that must be defused." ...
Moneyweb2d
Government debt has skyrocketed
Debt servicing costs, which consist of the interest on government debt and other costs directly associated with borrowing, have been the fastest-growing line item in the national budget. Rising ...
businessday1d
Nigeria’s debt-to-GDP ratio to slow to 40% on economy rebasing
Nigeria’s plans to rebase its economy could potentially see its rising debt as a share of gross domestic product (GDP) fall ...
Rappler1d
Philippines ends 2024 with P16.05-T debt as gov’t takes on more borrowings
MANILA, Philippines – The Philippines’ national debt pile grew 9.8% to P16.05 trillion in 2024 amid a weaker peso and additional financing taken on by the national government, data from the Bureau of ...