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US borrowed $1.2 trillion in past 8 months: CBO
The Hill via Yahoo Finance· 16 hours agoThe federal government has borrowed roughly $1.2 trillion in the eight-month period ending in May, the Congressional Budget Office (CBO) estimated in a...
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the...
KION 46 Salinas· 13 hours agoThe “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. One of...
Economists: Why a Trump Presidency Could Lead to "Hyperinflation"
The Motley Fool via AOL· 5 hours agoIf inflation does get out of control, one of the only things that might stop it could be an...
JAMES CARTER: Dissecting The US Treasury’s Dastardly Debt Disaster
IJR· 6 days agoShockingly, the $870 billion the federal government will spend on interest this year is three times greater than what the Congressional Budget Office (CBO) estimated for fiscal ...
The National Debt Is Making Us Poorer
Reason.com via AOL· 6 days ago"With additional debt, income growth would slow further." If the national debt grows faster than the CBO currently expects—something that could happen...
With apologies to all those drunken sailors...
Olean Times Herald· 18 hours agoThe Biden budget deficit this fiscal year probably will exceed $1.6 trillion. “The deficits projected by the (Congressional Budget Office) were smaller...
America’s Debt Is Both Sustainable and a Problem | by Barry Eichengreen - Project Syndicate
Project Syndicate· 5 hours agoOne of the more amusing exercises on the economic calendar is the International Monetary Fund’s...
Trump Tax Cut Renewal Is Winning Wall Street, But Could Cost $4.6 Trillion
Bloomberg via Yahoo News· 4 days ago(Bloomberg) -- The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall...
Rising US Debt Load Poses a Growing Risk for Treasury Market
Bloomberg via Yahoo Finance· 6 days ago(Bloomberg) -- Bond industry leaders see a bleak US fiscal outlook that will keep debt growing and...
Dean Baker, DC Report @ Raw Story
The Raw Story· 3 days agoBecause these policy shops are well-funded and well-connected we can be sure that major media outlets, like The New York Times, The Washington Post and National Public Radio, will give their ...