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US debt problems will be felt in the coming years, Jeffrey Gundlach wrote for The Economist. Higher interest rates and a recession amplify US borrowing costs. By 2034, debt servicing could consume ...
As America's national debt nears the $35 trillion mark, BlackRock CEO Larry Fink has warned the country's growth must keep up in order to pay its bills—or risk passing on a huge, unaffordable ...
Many of us go about our daily lives -- and handle our personal finances -- without thinking about the national debt, which, as of Sept. 15, 2024, exceeds $35 trillion. It's a number so ...
A number of unusual solutions to the ongoing debt-ceiling crisis have gotten new attention in the past week as skepticism abounds that a bipartisan agreement can be reached ahead of a key deadline ...
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
Carrying high credit card debt relative to your total credit limit can damage your credit score, making borrowing money even more expensive and trapping you in a terrible cycle.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday issued a stark warning that a failure by Congress to act on the debt ceiling could trigger a "constitutional crisis" that also ...
Watch as Kevin McCarthy holds a news briefing in the Capitol to speak on the US debt crisis. Earlier this week, Joe Biden and the House Republican speaker met to discuss the debt ceiling, after ...