| 单词 | national debt |
| 例句 | A reasonable estimate of the additional costs for capitalizing a gradual emancipation program would have increased the national debt to about $125 million. Founding Brothers: The Revolutionary Generation 2000-10-17T00:00:00Z Obama calls for a nuclear-free world, as Ronald Reagan often did; he allows the national debt to rise, as Bush 43 did. 2016: Obama's America: Dinesh D'Souza Sees an End-of-Times 2012-08-24T19:27:44Z This original and thought-provoking history of what's in your wallet also offers some controversial solutions to the financial crisis, such as raising inflation levels and writing off national debts. Holiday reading: The best books to pack this summer 2013-06-29T07:00:51Z Inside the restored home, Mr. Napoli tells about the country’s first national debt — to pay its soldiers and the countries that helped finance the Revolutionary War. Walking the Walk in Hamilton’s Old Stomping Grounds 2016-01-21T05:00:00Z In doing so, he adopted a more combative tone than he generally showed during the weeks of debate this summer over raising the national debt limit. Obama jobs plan may include hiring tax break 2011-08-18T00:41:00Z In Tampa, Fla., a commercial in the middle of "Dateline NBC" shows a woman fretting about the national debt under President Barack Obama and saying: "He spent like our country's credit card had no limit." Heavy focus on news shows in White House race ads 2012-06-17T11:57:12Z The crisis of mass shootings, of the national debt, of Puerto Rico, Brexit, the Amazon. How should we talk about what’s happening to our planet? 2019-08-26T04:00:00Z The segment mixes Obama's words with a litany of statistics, contrasting the national debt, the jobless rate and the number of Americans on food stamps "then" and "now," although the time frame isn't clearly explained. Fox News video sharply critical of Obama called a virtual ad 2012-05-30T21:00:12Z I'd like to think Lewis is busy disgustedly planning a monster telethon for the national debt that will blow America's mind. What's Labor Day without Jerry Lewis? 2011-08-04T22:45:00Z At the same time, he added, Britain's main political parties are warning voters that national debt will mean tough cuts in public spending after the next general election. 2010-01-18T15:52:00Z When Alexander Hamilton and Thomas Jefferson start rapping about the national debt and states’ rights, you know this hip-hop musical is so made for Washington that it could occupy its own monument on the Mall. Review | ‘Hamilton’ opens in Washington, and it’s a worthy successor to Broadway 2018-06-14T04:00:00Z This would bring the deficit to under 3 percent/GDP, viewed by credit rating agencies and investors as the threshold for stabilizing the growth in national debt at a sustainable level. What to expect in Obama's budget for fiscal 2013 2012-02-13T12:45:14Z That Fortgang casually tosses in an aside that by “raising questions about our crippling national debt, we’re called Tea Party radicals” suggests there be a deeper defensiveness here. We don’t need your apology, Princeton kid 2014-05-05T14:21:00Z And pretty much every time, the catastrophic meltdowns ended with some combination of unsustainable national debt, high unemployment, rising poverty rates, looting, bank runs, capital flight and hyperinflation. Argentina beat the odds, will revive its economy 2018-10-16T04:00:00Z At the same time the huge increase in the national debt turned Wall Street from a minor player in world markets into the second largest financial market on the globe, after London’s. Books of The Times: How Economic Brawn Transformed a Nation 2010-11-19T07:00:00Z And while the political class may be worrying about national debt and this year’s forthcoming election, designers of multiethnic origins rejoice in the freedom of the city. Special Report: Diversity and Irony 2010-02-23T18:30:00Z Warren Harding, elected president in 1920, wanted the budget balanced, and vetoed a veterans’ bonus because it would add to the national debt and “undermine…confidence” in America’s credit. The searing Twenties 2014-11-06T05:00:00Z There’s a national debt counter and a countdown clock to the end of the Obama administration. The Sarah Palin Channel: $99.95 a Year, Comes With Salad 2014-07-28T04:00:00Z Rather, making sense of music-industry numbers has become as complicated as understanding the national debt. We can’t stop talking about Beyoncé. But is she selling as much music as we think? 2016-05-05T04:00:00Z "Right now our government owes $13 trillion in national debt," Duffy told nine tavern and bar owners at a meeting in a smoky bar on the banks of Chippewa River. Sean Duffy of 'Real World' shoots for House seat 2010-07-07T03:50:00Z The prime minister, Jean-Marc Ayrault, described Depardieu's behaviour as pathetic and unpatriotic at a time when the French are being asked to pay higher taxes to reduce a bloated national debt. Gérard Depardieu says he will give up French passport over tax rises 2012-12-16T10:12:42Z Tuesday's election — an attempt to recall six Republican state senators — was the first test of voter sentiment since the summer's debate over the national debt and the renewed stalling of the economy. Wisconsin recall election a test of voter sentiment 2011-08-11T07:03:00Z Oh, maybe R&D… or even paying down the national debt!! Obamacare's MLR 'Bomb' Will Create Private Insurance Monopolies and Drive Premiums Skyward. Hallelujah! 2011-12-06T15:27:03Z As an early adopter of stock investing, Sarah put her family’s funds into the national debt, the Bank of England and shares in private companies. The real women of "The Favourite" included an 18th-century Warren Buffett 2019-02-23T05:00:00Z The government taking money from the NHS – creating the need for reform – is justified on the basis of the national debt. God Bless the NHS by Roger Taylor – review 2013-03-15T10:00:01Z "Obviously the inspiration was the national debt problem," Salvest said in a telephone interview from his home in Jonesboro, Ark., where he teaches at Arkansas State University. Kansas City public art project takes on debt 2011-10-02T18:56:08Z Expect the Republican to point to 23 million Americans out of work or underemployed, a national debt now at $16 trillion and three years of an unemployment rate above 8 percent. Fall's must-see political TV: Obama-Romney debates 2012-09-08T09:46:06Z Among men, the top issue was the deficit and national debt. Obama holds lead over Romney in swing states 2012-04-02T17:50:00Z But because he sees debt as, among other things, an instrument of control, I suspect he'd say the current angst about the national debt misses the larger point. 'Debt: The First 5,000 Years': Mankind's millenialong obligation 2011-08-22T21:26:09Z It wasn’t the Constitution, it turned out, or economic liberty, or the national debt, or whatever. The Book That Predicted Trump 2016-11-01T04:00:00Z For better and worse, it also stamped the Greeks as people with a knack for living for the moment, a characterization that has haunted them during the country’s national debt crisis. Michael Cacoyannis, Director of ?Zorba the Greek,? Dies at 90 2011-07-26T05:08:08Z Bringing up the women’s question — I mean the women’s fiction question — is not unlike mentioning the national debt at a dinner party. Essay: ‘The Second Shelf’ 2021-10-21T04:00:00Z The ad shows a young woman morphing into middle age as she worries about the economy, national debt and lack of jobs for her two adult children. Auction claims to be selling vial of Reagan blood 2012-05-22T15:16:00Z The nonpartisan Tax Policy Center, for example, concluded that large spending cuts would be required with Donald J. Trump’s tax plan or the national debt would soar. Marriage, Poverty and the Political Divide 2016-01-24T05:00:00Z House Republicans pointed to the national debt, now exceeding $33 trillion, for Moody’s decision. House Republicans look to pass two-step package to avoid partial government shutdown 2023-11-11T05:00:00Z Analysts have warned that with interest rates heading higher, interest costs on the national debt will eat up a rising share of tax revenue. Moody’s lowers US credit outlook, though keeps triple-A rating 2023-11-10T05:00:00Z When she was asked about Trump, Haley made a passing reference of the national debt that piled up under his watch. GOP candidates hit Trump and back Israel. Here are highlights from the Republican debate 2023-11-08T05:00:00Z Republicans touted the move as a way to offset spending and cut into the national debt. House advances Israel aid package, tees up fight with Senate, White House 2023-11-02T04:00:00Z Rep. Marjorie Taylor Greene said Sunday she will vote against any new foreign aid due to the national debt, including support to Israel in its war against Hamas. Marjorie Taylor Greene says she’ll vote against U.S. military support for Israel 2023-10-29T04:00:00Z The single biggest line-item increase, however, was on interest payments on the national debt. Federal government notches $1.7 trillion deficit for fiscal year, third-worst on record 2023-10-20T04:00:00Z Without them, analysts agree, the deficit and the national debt would almost certainly be smaller than they are. The Federal Deficit Is Growing. This Is Why. 2023-10-20T04:00:00Z Alternatively, you may want to hoard that money to repay the national debt and shrink government spending. Ukraine-aid bashers like Elon Musk need a history lesson | Andreas Kluth 2023-10-06T04:00:00Z It's why Republicans are constantly threatening to default on the national debt and/or shut down the government. Holy entitlement, Batman! Republicans are furious Democrats didn't save Kevin McCarthy from himself 2023-10-05T04:00:00Z They instead focused their relatively infrequent criticism of Trump on his decision to skip the debate, how he added to the national debt while running the country and his comments on abortion. Trump’s intensifying rhetoric offers insight into how he might govern again as president 2023-10-04T04:00:00Z Ramaswamy, a candidate who has seemed to embrace taking provocative positions on issues, said the status quo was not acceptable and the party first needed a plan to address issues like the national debt. Most 2024 GOP presidential candidates urge Republicans to stop the chaos after McCarthy’s ouster 2023-10-04T04:00:00Z The government spent about $711 billion last year just to pay interest on the national debt. The Federal Deficit Is Growing. This Is Why. 2023-10-20T04:00:00Z The high point of McCarthy's tenure came in May when McCarthy enjoyed a rare moment of victory by forcing Biden to negotiate a deal on national debt that averted a default. Kevin McCarthy's wild ride as US House speaker ends in historic fall 2023-10-04T04:00:00Z The total amount the UK government owes is called the national debt and it is currently about £2.59 trillion. Cost of national debt hits 20-year high 2023-10-03T04:00:00Z DeSantis in the second debate accused Trump of not wanting to defend his record on the national debt. Donald Trump wants future Republican debates to be canceled after refusing to participate in them 2023-10-03T04:00:00Z Because they lack numerical support, they try to leverage potential crises — defaults on the national debt, government shutdowns, including the cliffhanger over the weekend — to extract legislative concessions they can’t win on the merits. Opinion: In the Matt Gaetz vs. Kevin McCarthy battle, the GOP's stupidity and hypocrisy is showing 2023-10-02T04:00:00Z Florida Gov. Ron DeSantis had an aggressive start, using his first answer to criticize Trump for skipping the debate and for adding to the national debt while serving as president. Christie calls Trump ‘Donald Duck,’ DeSantis knocks former president and other debate takeaways 2023-09-27T04:00:00Z Florida Governor Ron DeSantis used his first answer to call out Trump for being "missing in action" and for adding trillions of dollars to the national debt. Republican debate candidates turn on one another in absence of frontrunner Trump 2023-09-28T04:00:00Z "The greatest threat to our nation's future," McCarthy says, is "our national debt." Tormenting Kevin McCarthy is the point 2023-09-22T04:00:00Z Hardline House Republicans want more stringent spending cuts than what Mr. McCarthy and President Biden agreed to earlier this year during negotiations to avoid a default on the national debt. Government shutdown ‘would only give strength to the Democrats,’ McCarthy warns GOP rebels 2023-09-17T04:00:00Z DeSantis also criticized Trump for adding to the national debt as president. DeSantis says Trump’s chance of being elected if convicted ‘is as close to zero as you can get’ 2023-09-14T04:00:00Z With a likely Trump-Biden rematch on the horizon, Mr. Romney said neither man is “leading their party to confront” critical challenges like mounting national debt, climate change, Russia and China. Republican Mitt Romney won’t seek second Senate term, says it’s ‘time for a new generation’ 2023-09-13T04:00:00Z Pence accused Trump and his followers of abandoning U.S. allies abroad with isolationist policies and ignoring the national debt. Pence rails against Trump’s ‘siren song of populism’ as he tries to energize his 2024 campaign 2023-09-06T04:00:00Z McCarthy and the Freedom Caucus won't admit that the national debt is driven by tax policy as much as spending. Tormenting Kevin McCarthy is the point 2023-09-22T04:00:00Z The survey, based on data from Democratic and Republican opinion firms, found that 90% of voters want lawmakers to work together to prevent a shutdown and to turn their focus on the national debt. Senate to take first crack at spending fight to avoid gov’t shutdown as Congress returns from recess 2023-09-04T04:00:00Z According to the Bipartisan Policy Center, the gross national debt by $7.4 trillion over the Trump years. DeSantis says Trump’s chance of being elected if convicted ‘is as close to zero as you can get’ 2023-09-14T04:00:00Z Republicans say sharp cuts in spending are needed to stem the nation's growing $31.4 trillion national debt. Top US Senate Democrat Schumer warns against Republican 'brinkmanship' on spending 2023-09-01T04:00:00Z Of Mr Sunak's five pledges, which he has said he should be judged on, the first three are economic - to halve inflation, grow the economy and reduce national debt. Why the UK is talking to China 2023-08-31T04:00:00Z The nonpartisan Congressional Budget Office calculated that, over the next 11 years, Republicans' tax cuts will continue to increase the national debt by another $1.9 trillion. Tormenting Kevin McCarthy is the point 2023-09-22T04:00:00Z The other candidates assumed the usual conservative postures about cutting taxes and spending, but she introduced the reality: Under Trump, the GOP added $8 trillion to the national debt. Nikki Haley is the best Trump alternative | David Brooks 2023-08-25T04:00:00Z “Donald Trump added almost $8 trillion to the debt in four years. He ran saying he was going to eliminate the national debt,” he said. DeSantis says Trump’s chance of being elected if convicted ‘is as close to zero as you can get’ 2023-09-14T04:00:00Z Issues like easing inflation, lowering the national debt, decreasing prescription drug prices and slashing insulin costs should be more frequently rolling off the tongue, he said. Schumer wants Democrats to be more ‘persistent’ in touting ‘Bidenomics,’ Inflation Reduction Act 2023-08-15T04:00:00Z Businessman Perry Johnson focused on the soaring national debt. The Other Guys: Lesser known GOP White House hopefuls get a turn in the spotlight at Iowa State Fair 2023-08-12T04:00:00Z The national debt now sits at $33 trillion, and for all their bluster about cutting entitlements, Republicans can't seem to stop gushing money for their donors. Tormenting Kevin McCarthy is the point 2023-09-22T04:00:00Z The organization cited the skyrocketing national debt and a “deterioration” in governance as the primary drivers. Fashion site ranks the world’s ‘hottest politicians’ 2023-08-02T04:00:00Z “He didn’t know how to build the wall. He didn’t repeal or replace Obamacare. He added $6 trillion to the national debt after he said he was going to balance the budget in four years.” Christie attacks Trump over record on wall, Obamacare, debt 2023-07-25T04:00:00Z But hardliners want that money used instead to pay down a national debt of more than $31.4 trillion. US House Republicans bring culture wars into spending showdown with Senate 2023-07-25T04:00:00Z The Kenyan president, who was previously vice president, inherited a national debt that quadrupled to $61 billion in the past decade. Kenya Stares Into ‘Abyss’ as Soaring Prices and Feuding Leaders Bring Chaos 2023-07-20T04:00:00Z At things stand, he is already at risk of missing another of his five pledges: to reduce national debt. As Sunak Makes His Case to Britons, the Economy Undermines It 2023-07-19T04:00:00Z She called it a “distraction” from important issues like foreign policy, border security and the national debt. What Trump’s G.O.P. Rivals Are Saying About Another Potential Indictment 2023-07-18T04:00:00Z Greece still has the European Union’s highest national debt, and it is the second-poorest nation in the European Union, after Bulgaria. Greek Youths, Shaped by Debt Crisis, Plan to Vote for Stability 2023-06-24T04:00:00Z And, therefore, for that third priority of the prime minister's: reducing national debt. What can Rishi Sunak do to tackle inflation? 2023-06-22T04:00:00Z The gross national debt exceeded $32 trillion for the first time on Friday, underscoring the country’s unsettling fiscal trajectory as Washington gears up for another fight over government spending. U.S. National Debt Tops $32 Trillion for First Time 2023-06-16T04:00:00Z “Much more will need to be done to ensure we don’t burden future generations with a smaller economy and a larger national debt.” Spending is up, revenue is down as federal budget deficit tops $1 trillion 2023-06-12T04:00:00Z Republicans, who control the House, introduced the proposals just days after Biden, a Democrat, signed into law legislation Republicans sought to begin addressing the rapidly-growing national debt with about $1.3 trillion in spending cuts. US House Republicans unveil broad package of tax cuts 2023-06-09T04:00:00Z Mr. Watt acknowledged that his plan to sell federal lands to reduce the national debt failed because of wide opposition. James G. Watt, Interior Secretary Under Reagan, Dies at 85 2023-06-08T04:00:00Z “He said he was going to eliminate the national debt when he ran in 2016. He ended up adding almost $8 trillion to the debt in four years. So he’s running to the left.” Trump gets the ‘main event’ treatment from 2024 rivals 2023-06-08T04:00:00Z Some have called on Congress to form a bipartisan fiscal commission to tackle the long-term drivers of the national debt. U.S. National Debt Tops $32 Trillion for First Time 2023-06-16T04:00:00Z The conservative West Virginia Democrat suggested the delay was responsible for nearly going over a fiscal cliff and narrowly averting a first-ever default on the national debt. Joe Manchin says White House miscalculated by refusing to negotiate on debt limit 2023-06-04T04:00:00Z Interest payments on the national debt are another built-in cost, totaling $663 billion in the current fiscal year. Debt limit deal gives Washington a blank check 2023-06-03T04:00:00Z But, the second leg of Biden’s trip was canceled so the president could travel home to deal with the stand-off with House Republicans over lifting the U.S. national debt. Indian Prime Minister Narendra Modi invited to address Congress 2023-06-02T04:00:00Z Riedl and other independent budget experts have floated ways for Congress to reckon with the national debt while taking the threat of default off the table. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z Some are not so impressed with the House, which passed a bill Wednesday night that would suspend the national debt ceiling until after the 2024 election. Trump plans patriotic surprise for America’s 250th birthday 2023-06-01T04:00:00Z Ratings agencies are taking note too of France's lack of progress in bringing down the national debt, which spiralled during the COVID-19 crisis and now stands just shy of 3 trillion euros. Macron struggles to kick France's spending habit 2023-06-01T04:00:00Z “It will help the Federal Reserve fight inflation and begin to make progress in addressing our mounting national debt,” she said. Debt limit deal gives Washington a blank check 2023-06-03T04:00:00Z Cuts to the Internal Revenue Service will actually will add $900 million to the national debt, according to the nonpartisan Congressional Budget Office, as they will compromise the agency's ability to go after tax cheats. Analysis: US debt-ceiling deal averts disaster, but savings might be less than advertised 2023-06-01T04:00:00Z But the implications are much more important than the national debt, which the deal does very little to address. Biden and McCarthy step back from the abyss: It's a huge defeat for Donald Trump 2023-06-01T04:00:00Z The House of Representatives has approved a deal to allow the US to borrow more money, days before the world's biggest economy is due to start defaulting on its national debt. Debt ceiling deal: US House overwhelmingly passes bill 2023-05-31T04:00:00Z He called one of the spending bills that Mr. Trump signed “grotesque” and accused him of increasing the national debt. In Iowa, DeSantis Signals the Start of a Slugfest With Trump 2023-05-31T04:00:00Z He and his allies view the country’s $31.5 trillion national debt as a greater threat to America than the Treasury Department’s warning that the country could default on certain bills by June 5. Packing Figures and Charts, Roy Leads G.O.P. Revolt Against Debt Limit Deal 2023-05-31T04:00:00Z The U.S. national debt has exploded, most recently as a result of trillions of dollars in spending related to the COVID-19 pandemic. Expert: Here's what House Republicans got in return for pushing the US to the brink of default 2023-05-30T04:00:00Z Not included in the bill are any major commitments to reduce the $31.4 trillion national debt. Following Setbacks, Climate Activists Rethink Their Approach 2023-05-30T04:00:00Z Republicans have argued that steep spending cuts are necessary to curb the growth of the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy. U.S. Republicans tee up debt-ceiling vote in Congress 2023-05-29T04:00:00Z Mr. DeSantis will contrast his budget surpluses in Florida to the trillions of dollars Mr. Trump added to the national debt when he was president. The Policy Fights Where DeSantis Sees His Chance to Hit Trump 2023-05-25T04:00:00Z The White House kept the stance for months arguing that the national debt was incurred under both parties and there was a constitutional obligation to raise the borrowing cap. Democrats acknowledge Biden-McCarthy debt limit deal will likely bow to GOP 2023-05-24T04:00:00Z Congressional Democrats accused Republicans of trying to obscure the unpopular spending cuts to domestic programs needed to enact the GOP plan to balance the budget and pay down the national debt. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z Marc Goldwein, the senior policy director for the Committee for a Responsible Federal Budget, estimated that it would require $8 trillion of savings over 10 years to hold the national debt to its current levels. Debt Limit Negotiators Debate Spending Caps to Break Standoff 2023-05-22T04:00:00Z The 14th Amendment declares that the validity of the national debt “shall not be questioned.” Biden flirts with 14th Amendment as pressure mounts from right and left in debt talks 2023-05-21T04:00:00Z A severe recession and years of emergency borrowing left Greece with a whopping national debt that reached 400 billion euros last December and hammered household incomes, which will likely need another decade to recover. Greece votes in first election since international bailout spending controls ended 2023-05-21T04:00:00Z Some legal scholars say the amendment, which says the validity of the national debt “shall not be questioned,” gives the president authority to keep paying the nation’s bills without Congress setting a debt ceiling. Biden, McCarthy restart debt negotiations after snafu over spending cuts 2023-05-19T04:00:00Z Things would get extra dicey on June 15 when the Treasury is due to pay investors about $2 billion in interest payments on the national debt. Explainer: What happens if Washington falls behind on its bills? 2023-05-18T04:00:00Z The group has called for spending caps to be accompanied by spending cuts or tax increases as a plan to reduce the national debt. Debt Limit Negotiators Debate Spending Caps to Break Standoff 2023-05-22T04:00:00Z Some continue to wonder why President Biden waited so long to launch some practical problem-solving tactics to address the national debt. Florida to the rescue 2023-05-17T04:00:00Z With two weeks left until the national debt ceiling is expected to be reached, precipitating a constitutional and economic crisis, House Republicans continue to insist that President Biden cave in to their threats. Opinion: The best way to deal with the debt ceiling: Ignore it 2023-05-17T04:00:00Z “Failure to raise the debt ceiling will not reduce the national debt by one penny. It will force a default on existing debt, the first ever,” he wrote. Does the 14th Amendment permit the president to bypass the debt ceiling? 2023-05-16T04:00:00Z Case in point: Mr. Pence says Social Security and Medicare must be trimmed back as part of any serious plan to deal with the national debt. Pence Looks Toward 2024 Run, Using Reagan’s Playbook, Not Trump’s 2023-05-15T04:00:00Z To repeat his words, “the exact same thing is true with our national debt.” Column: Here's why the debt ceiling is not only stupid — it's unconstitutional 2023-05-15T04:00:00Z Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. Stock market today: Asian markets, oil lower as recession fears, debt ceiling darken outlook 2023-05-14T04:00:00Z In January, Mr Sunak vowed to halve inflation, grow the economy, reduce national debt and NHS waiting lists, and legislate to stop migrant boats. Sunak five pledges 'difficult' but government committed - Shapps 2023-05-14T04:00:00Z The government's self-imposed fiscal rule to aim for reducing national debt, limits room for manoeuvre and spending power. Is the UK too late to beat the US in the global trade war? 2023-05-13T04:00:00Z In order to make up the difference, the federal government borrows billions of dollars monthly to meet expenses and make interest payments on the national debt. Shrinking tax revenue complicates debt limit talks; Biden says ‘we’re not there yet’ 2023-05-13T04:00:00Z Alexander Hamilton, the first Treasury secretary, established the first national debt, not least to settle the obligations of the Revolutionary War but also to give the fledgling nation access to world capital markets. Playing chicken on federal default risks a world economy fried 2023-05-12T04:00:00Z They asked about the economy, gas prices, inflation, national debt, abortion, illegal immigration and Mr. Biden’s war in Ukraine. Starved for ratings, CNN airs Trump’s ‘election denialism’ in primetime 2023-05-11T04:00:00Z Yellen said a default on the national debt would be catastrophic and was “unthinkable.” G-7 talks focus on ways to fortify banks, supply chains as China accuses group of hypocrisy 2023-05-12T04:00:00Z Would the Shadow Chancellor Rachel Reeves want to announce a loosening of the purse strings that risked acceptance of a rising national debt in the economy? Is the UK too late to beat the US in the global trade war? 2023-05-13T04:00:00Z Meanwhile, worries over national debt remain, with Treasury Secretary Janet Yellen due to discuss the impasse over raising the government debt ceiling with board members of the Bank Policy Institute lobby group next week. Morning Bid: Markets get twitchy as debt ceiling, growth fears weigh 2023-05-12T04:00:00Z For now, raising the debt ceiling to avert a default on the national debt remains the only short-term solution, she said. Yellen: Different system needed to end repeated standoffs over US debt ceiling 2023-05-11T04:00:00Z Treasury Secretary Janet Yellen said one of her priorities in Niigata, a port city on the Japan Sea coast, would be to emphasize the importance of resolving the standoff over the national debt. G7 finance ministers tackle global economic challenges as Yellen seeks to reassure on debt standoff 2023-05-10T04:00:00Z In another puzzling moment, Trump suggested that the U.S. should default on its national debt as a solution to the tangled budget crisis. "Unhinged": Trump steamrolls CNN town hall to promise Jan. 6 pardons, deny elections 2023-05-11T04:00:00Z The debt limit was raised three times without a fight during Trump's four years as president, a period when the national debt also exploded because of his tax cuts. Trump plays down consequences of a US default: 'Could be maybe nothing' 2023-05-11T04:00:00Z “If the Republicans are serious about reducing the national debt, they would start with requiring billionaires and billionaire corporations to pay more to help this government run,” said Mrs. Warren, Massachusetts Democrat. Democrats open to slashing spending, but refuse to clarify what should be cut in budget talks 2023-05-10T04:00:00Z Those obligations include funding for social safety net programs, interest on the national debt and salaries for members of the armed forces. What is the debt ceiling? 2023-05-09T04:00:00Z The national debt, in their view, is simply a means to fund legislative programmes that have already been discussed and approved. Will the US default on debt on 1 June? A really simple guide to debt ceiling 2023-05-08T04:00:00Z As early as next month, the US government could reach the legal cap on the national debt. Is Congress playing a high stakes game of political chicken? 2023-05-08T04:00:00Z Should that happen, the Treasury Department says it would be forced to suspend payments, in what would largely be considered a default on the national debt. Deficit dismay: Federal tax revenue plummets, even as Uncle Sam keeps spending 2023-05-08T04:00:00Z For Niambi, reparations are about justice, saying sorry, but also about donating money - to public health programmes, national debt, and historical research. St Kitts and Nevis is not totally free under King Charles III, says PM 2023-05-08T04:00:00Z Republicans point out that most voters don’t want to increase the national debt, and that’s true. Column: With just weeks left to strike a deal, it's time to worry about the debt ceiling 2023-05-07T04:00:00Z This includes paying for federal employees, the military, Social Security and Medicare, as well as interest on the national debt and tax refunds. Will the US default on debt on 1 June? A really simple guide to debt ceiling 2023-05-08T04:00:00Z They claim their opponents only care about the national debt when Democrats control the White House. Is Congress playing a high stakes game of political chicken? 2023-05-08T04:00:00Z Political analysts said a Washington standoff over the nation’s borrowing authority could renew scrutiny of Mr. Trump’s record on the national debt. Republican rivals start to pick apart Trump’s record 2023-05-05T04:00:00Z He then offered a complex but intriguing rationale for this idea, and cited matters related to the national debt, troubles in the banking sector and inflation on the Democratic Party’s watch. Biden’s presidency approval numbers continue to decline after honeymoon phase ends 2023-05-02T04:00:00Z Some, like Cornell University law professor Michael Dorf, say the "least unconstitutional" option would be for Biden to act on his own to protect the integrity of the national debt. Explainer: Could Biden avert a debt default by using the 14th Amendment? 2023-05-02T04:00:00Z Since the national debt hit the cap in January, the Biden administration has adopted special budgetary maneuvers to conserve cash and buy time for lawmakers either to raise the limit or to suspend its enforcement. Biden seeks debt ceiling talks, as U.S. faces possible June 1 default 2023-05-01T04:00:00Z It's been more than a decade since congressional Republicans first used raising the legal cap on the national debt as a means of extracting policy concessions from a recalcitrant Democratic president. Is Congress playing a high stakes game of political chicken? 2023-05-08T04:00:00Z Mr. Biden has refused to negotiate, saying both Democrats and Republicans have contributed to the national debt. Yellen’s warning date for default renews pressure on Biden, GOP to find common ground on debt limit 2023-05-01T04:00:00Z Biggs, who later opposed McCarthy’s legislation, touted the approach for cleaving “woke” spending out of federal agencies, while slowing the “acceleration” of the national debt. With debt bill adopted, far-right House Republicans ready for fiscal war 2023-04-30T04:00:00Z House Republicans say President Biden and Democrats are lying about cuts to services for veterans under legislation recently passed in the chamber to raise the debt ceiling and avoid default on the national debt. House Republicans accuse Dems of ‘shamelessly lying’ about veterans’ benefits under debt-limit bill 2023-04-30T04:00:00Z Riedl said he has spoken to dozens of lawmakers in the previous several weeks about the federal budget and national debt. The GOP wonks trying to get their party not to detonate the debt limit bomb 2023-04-27T04:00:00Z The president has for months refused to negotiate on raising the debt limit, saying both Democrats and Republicans contributed to the national debt. Democrats anxious over default, but refuse to abandon Biden’s no-negotiation pledge on debt limit 2023-04-27T04:00:00Z If Republicans are so concerned about the national debt, they should take a long hard look in the mirror. McCarthy makes a dirty deal with MAGA 2023-04-27T04:00:00Z He said that Mr. Trump had frayed America’s most meaningful global relationships, and that the national debt had ballooned under Mr. Trump’s leadership. Biden Says He Has a ‘Job to Finish,’ Downplaying Concerns Over His Age 2023-04-26T04:00:00Z He said anything other than a clean debt limit raise to avert a default on the national debt should be off the table. House Republicans accuse Dems of ‘shamelessly lying’ about veterans’ benefits under debt-limit bill 2023-04-30T04:00:00Z The Trump administration added more than $5 trillion the national debt — most of which occurred while Hassett was chief White House economist. The GOP wonks trying to get their party not to detonate the debt limit bomb 2023-04-27T04:00:00Z Democrats said the prospect of the government defaulting on its ability to pay interest on the more than $31 trillion national debt should not be taken lightly. Democrats anxious over default, but refuse to abandon Biden’s no-negotiation pledge on debt limit 2023-04-27T04:00:00Z Among Donald Trump's many ignoble accomplishments is the explosive rise in the national debt under his watch. McCarthy makes a dirty deal with MAGA 2023-04-27T04:00:00Z The president has refused to negotiate with House Republicans on raising the debt limit, saying both Democrats and Republicans helped create the more than $31 trillion national debt. McCarthy scores win as debt-limit plan clears procedural hurdle in narrowly divided House 2023-04-26T04:00:00Z “He’s one of the reasons that we added to our national debt and our deficit.” Asa Hutchinson to formally launch 2024 campaign in Arkansas 2023-04-25T04:00:00Z Senate Majority Leader Charles E. Schumer accused House Republicans of taking the nation hostage Tuesday, on the eve of passing legislation to avoid default on the national debt by raising the ceiling. Schumer doubles down against McCarthy’s ‘dead on arrival’ debt-ceiling proposal 2023-04-25T04:00:00Z The national debt would more than double, largely as a result of these expenditures outstripping tax revenues. As Biden, McCarthy clash on US debt, what are differences? 2023-04-25T04:00:00Z George W. Bush also saw a massive increase in the national debt. McCarthy makes a dirty deal with MAGA 2023-04-27T04:00:00Z Growing the economy is another way to bring down the main measure of the total national debt: its size compared to GDP. How much money is the UK government borrowing, and does it matter? 2023-04-25T04:00:00Z He said he would pay off the national debt in four years and would deport thousands of refugees, even children. The unequal treatment of Trump v. DeSantis: Who gets the advantage? 2023-04-24T04:00:00Z It’s an open question whether this is a one-off moment, mandated by the pressing timeline of early to mid-June to avoid a possible default on the more than $31 trillion national debt. Analysis | So much for that promise: Debt bill talks again done in the backroom 2023-04-22T04:00:00Z The think tank found that upon first look the legislation appears to make good on its promise to improve the nation’s “dreadful fiscal outlook” best summed up by the more than $31 trillion national debt. ‘Reasonable’: Kevin McCarthy’s debt limit proposal earns praise from nonpartisan budget hawk 2023-04-21T04:00:00Z Republicans have broadly ruled out tax increases as way to tame the national debt. Explainer: Tax cuts, balanced budget: What's not in Republican McCarthy's debt plan? 2023-04-21T04:00:00Z Social Security and Medicare — programs expected to drive up the national debt long term — are shielded from any reductions. WH analysis of GOP deficit plan: job losses, poorer kids 2023-04-20T04:00:00Z The president’s remarks before a friendly crowd of union workers in Accokeek, Maryland, just south of Washington, is the latest escalation of his rhetoric over the national debt. Biden says he won’t cave to GOP’s “whacko notions” on debt ceiling 2023-04-19T04:00:00Z The US national debt has been growing since the early 1980s, with the government accumulating debts far bigger than the US earns in a given year. What Americans can learn from Denmark on handling debt ceiling crisis 2023-04-18T04:00:00Z The think tank found that upon first look the legislation appears to make good on its promise to improve the nation’s “dreadful fiscal outlook” best summed up by the more than $31 trillion national debt. ‘Reasonable’: Kevin McCarthy’s debt limit proposal earns praise from nonpartisan budget hawk 2023-04-21T04:00:00Z The second is interest on the national debt, which must cover interest rates that are rising after years of rock-bottom prices, driving up the cost of serving the government’s $31 trillion debt. The G.O.P.’s Fiscal Hawks Fly Far Away From Deficit Fights 2023-04-18T04:00:00Z “Our national debt is rapidly approaching $32 trillion, and yet Democrats and President Biden want Congress to continue kicking the can down the road instead of addressing the root problem,” said Mr. Burlison. McCarthy faces internal GOP divisions on debt limit proposal 2023-04-18T04:00:00Z They say that after two years of multi-trillion dollar spending bills and decades-high inflation, the American public entrusted Republicans with control of the House so they could address the national debt. House Republicans move to put Biden on defense in debt-limit fight 2023-04-17T04:00:00Z In a speech at the New York Stock Exchange earlier that day, Mr. McCarthy accused Mr. Biden of turning a blind eye to the fiscal reality of more than $32 trillion in national debt. Schumer digs in against debt limit talks with GOP ahead of default deadline 2023-04-17T04:00:00Z The speaker accused the president of ignoring fiscal reality, noting the more than $32 trillion national debt. McCarthy vows House GOP will pass debt ceiling bill in ‘coming weeks’ 2023-04-17T04:00:00Z The White House has said that both Republicans and Democrats have contributed to the national debt and that both parties should come together to raise the debt limit. House Republicans propose raising debt limit until May 2024, cap spending 2023-04-13T04:00:00Z The White House has said that both Republicans and Democrats have contributed to the more than $32 trillion national debt and both parties should come together to raise the debt limit. Congress to miss budget deadline as debt ceiling showdown looms 2023-04-12T04:00:00Z Its premise is utterly laughable, given how many programs the Editorial Board has pushed for that have added to the national debt in just the past decade. Opinion | Readers respond: Don’t touch veterans’ disability benefits 2023-04-06T04:00:00Z The U.S., meanwhile, is careening toward a potential default on the national debt. No place to hide for global investors facing mounting political risks 2023-04-03T04:00:00Z President Biden criticized House Republicans on Monday for their refusal to hike the debt limit without securing spending cuts, arguing that it took 200 years to accumulate the national debt under both parties. Biden says U.S. debt took over 200 years to accumulate, knocks GOP for refusal to hike debt limit 2023-04-03T04:00:00Z They blame what they view as excessive federal spending for higher food and gasoline prices and the growing national debt. Intensity and insults rise as lawmakers debate debt ceiling 2023-03-31T04:00:00Z Fiscal hawks have criticized Mr. Biden for signing a rescue plan that was not offset by spending cuts or tax increases and thus added to the national debt. Top Economist Leaves White House, and an Economy Not Yet ‘Normal’ 2023-03-31T04:00:00Z Tell the Marine with burns over 60 percent of her body that her service-connected disability is hurting the national debt. Opinion | Readers respond: Don’t touch veterans’ disability benefits 2023-04-06T04:00:00Z Had Congress and the White House not implemented such drastic tax cuts from 2000 on, report author Bobby Kogan says, the national debt would remain stable indefinitely. Trump, Bush tax cuts have largely driven national debt issues since 2001: report 2023-03-28T04:00:00Z The U.S. government has continuously had a fluctuating national debt since its formation in 1776. Biden says U.S. debt took over 200 years to accumulate, knocks GOP for refusal to hike debt limit 2023-04-03T04:00:00Z During a podcast last month hosted by the think tank, Mr. Cochrane said the national debt of about $32 trillion is creating more uncertainty in the economy about the government’s fiscal stability. Economist Milton Friedman’s long-ago lesson on inflation coming back to bite Biden 2023-03-27T04:00:00Z Those include the tax cuts signed by President Donald J. Trump in 2017, which his administration said would pay for themselves, but which independent evidence showed added trillions to the national debt. Top Economist Leaves White House, and an Economy Not Yet ‘Normal’ 2023-03-31T04:00:00Z White House officials have dismissed the idea of negotiating, saying that both parties piled onto the national debt and the federal government has a constitutional requirement to make good on its fiscal obligations. Democrats warn of dire consequences if Republicans refuse to raise the debt limit 2023-03-23T04:00:00Z This tactic is a major player in the current standoff over the national debt. Trump, Bush tax cuts have largely driven national debt issues since 2001: report 2023-03-28T04:00:00Z It was only during a short two-year period under President Andrew Jackson between 1835-1836 that the national debt was ever paid off. Biden says U.S. debt took over 200 years to accumulate, knocks GOP for refusal to hike debt limit 2023-04-03T04:00:00Z Economists say both programs will drive the national debt higher in the decades to come, forcing teeth-gritting choices for the next generation of lawmakers. Haley wants entitlement program changes for younger people 2023-03-13T04:00:00Z They say the current national debt load and new spending programs approved by the president are weighing on economic growth, partly by driving up borrowing costs for private businesses. In Budget Talks, Biden Rejects Hard Choices of the Past 2023-03-13T04:00:00Z The proposal was meant to address a partisan fight over the country’s national debt. The Week in Business: Fox News Anchors’ Private Messages 2023-03-12T05:00:00Z That would allow him to put money into Medicare and reduce the national debt. Column: Biden's budget was an opening bid. Where's the Republican plan? 2023-03-12T05:00:00Z Since 1900, every president except for two has added to the national debt. Biden says U.S. debt took over 200 years to accumulate, knocks GOP for refusal to hike debt limit 2023-04-03T04:00:00Z Which means the national debt is still growing. See how the national debt grew to $31 trillion At that time, the gross national debt was about $15.5 trillion, or just under three-quarters of what was the annual output of the American economy. In Budget Talks, Biden Rejects Hard Choices of the Past 2023-03-13T04:00:00Z Without the sums squandered in Iraq, our national debt would still be below our annual gross national product, putting us in a much more favorable economic position in 2023. When we were Vladimir Putin: The American war from hell, 20 years later 2023-03-10T05:00:00Z With his budget, Biden showed the math of how he would lower the trajectory of the national debt. Biden budget vs. House GOP: Values on display in debt fight 2023-03-09T05:00:00Z That is true even though both the president and congressional Republicans are embracing the politics of promising to reduce deficits and the growth of the national debt, which topped $31 trillion late last year. Biden Will Release Dead-on-Arrival Budget, Picking Fight With G.O.P. 2023-03-09T05:00:00Z This dramatically expands the national debt in two ways: First, there is a sharp drop in tax collections. See how the national debt grew to $31 trillion In February, the nonpartisan Congressional Budget Office estimated that the national debt held by the public will grow by more than $20 trillion over the next decade. Biden budget seeks big deficit cuts in challenge to GOP 2023-03-08T05:00:00Z Administration officials have noted that the various tax plans and other policies previously backed by GOP lawmakers would add more than $2.7 trillion to the national debt over 10 years. Biden budget aims to cut deficits nearly $3T over 10 years 2023-03-08T05:00:00Z The White House and GOP lawmakers are already battling over federal spending levels and the soaring national debt, which could lead to a potential debt crisis this summer. Biden planning to keep Medicare afloat with tax hike for those making $400K 2023-03-07T05:00:00Z Over the course of four events, only a few constituents raised their hands to engage on the issue of the national debt. In Oklahoma, a Freshman Republican Makes the Case for Deep Spending Cuts 2023-03-07T05:00:00Z The bills added a combined $2 trillion to the national debt, according to the Committee for a Responsible Federal Budget. See how the national debt grew to $31 trillion “Everyone has been talking up to now about how dangerous it would be to default on the national debt, and that’s right,” Ms. Warren said in an interview. Debt Default Would Cripple U.S. Economy, New Analysis Warns 2023-03-07T05:00:00Z Outrageously, this money, actually collected from electricity ratepayers, not taxpayers, is being used to offset the national debt. Nuclear Waste Is Piling Up. Does the U.S. Have a Plan? 2023-03-06T05:00:00Z Sunak has made stopping the boats one of his “five pledges” to voters, alongside halving inflation, kickstarting economic growth, slashing the national debt and cutting health care waiting lists. UK aims to deport Channel migrants, but critics skeptical 2023-03-06T05:00:00Z The federal government has run a budget deficit every year since 2000, forcing it to borrow money and add to a national debt that now sits at $31.4 trillion. As Republicans Struggle to Outline Budget Cuts, Biden Steps Up 2023-02-28T05:00:00Z “They want to do away with the Affordable Care Act. Some threaten default on the national debt unless I accept certain economic plans,” Mr. Biden said. Biden raises specter of Obamacare repeal, hoping for leverage in budget talks with GOP 2023-02-28T05:00:00Z Bush, where a woman asks, "How does the national debt affect you personally?" MSNBC's Mehdi Hasan: You need "rhetorical judo" to challenge the far right 2023-02-28T05:00:00Z The Congressional Budget Office projected last week that the United States was on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast. War in Ukraine Deepens Divide Among Major Economies at G20 Gathering 2023-02-25T05:00:00Z But Anwar said the country faced key challenges including a high national debt, global economic slowdown and slow recovery in foreign investment. Malaysia helps poor, raises taxes for rich in 2023 budget 2023-02-24T05:00:00Z Most awkwardly for his current position: Vought oversaw enormous increases in the national debt as Trump’s director of the Office of Management and Budget. The former Trump aide crafting the House GOP’s debt ceiling playbook 2023-02-19T05:00:00Z According toThe Washington Post, former Office of Management and Budget chief Russ Vought "has emerged as one of the central voices shaping the looming showdown over federal spending and the national debt." GOP taking budget advice from Trump official who wants to cut $2 trillion from Medicaid 2023-02-21T05:00:00Z The larger the national debt gets, the more interest the government has to pay. How much money is the UK government borrowing, and does it matter? 2023-01-24T05:00:00Z Economists have done the projections and say both programs will drive the national debt higher in the decades to come, forcing teeth-gritting choices for the next generation of lawmakers. Social Security and Medicare: Troubling math, tough politics 2023-02-20T05:00:00Z In a recent opinion column, Buchanan called the national debt a "ticking time bomb," not mentioning that his party's push to extend tax cuts for the rich would contribute to the total. "Absolute hypocrisy": GOP unveils bill to make Trump tax cuts permanent while howling about debt 2023-02-17T05:00:00Z The president of a new pro-Trump think tank called the Center for Renewing America, Vought, 46, has emerged as one of the central voices shaping the looming showdown over federal spending and the national debt. The former Trump aide crafting the House GOP’s debt ceiling playbook 2023-02-19T05:00:00Z The U.S. is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than forecast. Your Thursday Briefing 2023-02-16T05:00:00Z Prime Minister Rishi Sunak also made reducing the national debt one of his five key promises, in order to "secure the future of public services". How much money is the UK government borrowing, and does it matter? 2023-01-24T05:00:00Z The U.S. is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast. Your Thursday Briefing: 1.5 Million Covid Deaths in China? 2023-02-15T05:00:00Z America’s $31.4 trillion national debt is the product of policy choices and economic shocks, largely since the turn of the century, when the federal government last spent less money than it received in tax revenues. U.S. on Track to Add $19 Trillion in New Debt Over 10 Years 2023-02-15T05:00:00Z Mr. Biden has pushed back on those claims, saying their plans, including prolonging Trump-era tax cuts and cutting the corporate minimum tax, could send the national debt north. Biden to rip Republicans on the deficit in campaign-style speech 2023-02-15T05:00:00Z Until Biden issues his budget, it’s not entirely clear what that could mean for the national debt, though he promised in last week’s State of the Union address to cut deficits by $2 trillion. White House: GOP plans would drive deficits up $3 trillion 2023-02-15T05:00:00Z Though in denial, they have proposed using the national debt to leverage those cuts but to date have not presented legislation. Opinion | One party is working to protect and enhance Social Security 2023-02-14T05:00:00Z And if the national debt rises for 60 years at the rate it has risen during the previous 30, it will then exceed $1.5 quadrillion. Opinion | Quadrillion-dollar national debt? Chew, don’t nibble, on this math. 2023-02-10T05:00:00Z In 2023, the national debt is about 96 percent of the gross domestic product, the broadest measure of the economy. Analysis | Peter was already robbed. He can’t pay Paul. 2023-01-26T05:00:00Z President Biden will hammer Republicans Wednesday, accusing them of pushing for spending cuts while their own plans would add more than $3 trillion to the national debt. Biden to rip Republicans on the deficit in campaign-style speech 2023-02-15T05:00:00Z The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher. White House: GOP plans would drive deficits up $3 trillion 2023-02-15T05:00:00Z Fiscal conservatives have fought Social Security and Medicare since their inception as crowning achievements of Democratic presidents, and rising national debt has intensified calls for overhauling the programs in recent decades. GOP hopefuls’ past positions on Social Security loom over 2024 primary 2023-02-09T05:00:00Z It’s a delicate moment for Social Security and Medicare, programs that economists say will drive the national debt to unprecedented highs over the next few decades. Focused on 2024, Biden sees opportunity in GOP-held Florida 2023-02-09T05:00:00Z This pricey phenomenon is taking place amid high inflation and a national debt that is approaching record levels. New York City hotel plan for asylum-seekers clocks in at $93,500 a day 2023-02-08T05:00:00Z Their decisions under Trump, he said, added more to the national debt than any president, triggering boos from Republicans. Marjorie Taylor Greene yells ‘liar’ during combative State of the Union 2023-02-08T05:00:00Z But the actual path of the national debt could hinge on the upcoming expiration of individual tax cuts that President Donald Trump signed into law in 2017. White House: GOP plans would drive deficits up $3 trillion 2023-02-15T05:00:00Z Because those record deficits, no president added more to the national debt in any four years than my predecessor. Full Transcript of Biden’s State of the Union Address 2023-02-08T05:00:00Z “Nearly 25 percent of the entire national debt that took over 200 years to accumulate was added by just one administration alone, the last one.” Fact-Checking Biden’s State of the Union Address 2023-02-08T05:00:00Z And when it comes to an issue as serious as the national debt, I am guided by the words of my grandfather, who liked to say, “Unmanaged debt will lead you to make cowardly decisions.” Opinion | Joe Manchin: Stop the political blame game and start cutting the debt 2023-02-07T05:00:00Z The break in decorum came as Republicans took exception to Biden’s remarks on issues ranging from the fentanyl crisis to the national debt — and he often fired back. Biden, in State of the Union, mixes bipartisanship with defiance 2023-02-07T05:00:00Z Extending those tax cuts would in theory raise the national debt, as the nonpartisan Congressional Budget Office based its projections on them lapsing after 2025. White House: GOP plans would drive deficits up $3 trillion 2023-02-15T05:00:00Z Nearly 25 percent of the entire national debt that took over 200 years to accumulate was added by just one administration alone, the last one. Full Transcript of Biden’s State of the Union Address 2023-02-08T05:00:00Z In one of the most partisan moments of the night, Mr. Biden drew heated catcalls from Republicans when he accused them of trying to cut entitlements in their fight over raising the national debt limit. Biden boasts of spending, asks GOP to back agenda 2023-02-07T05:00:00Z Without skipping a beat, Mullen said it was our national debt. Opinion | Joe Manchin: Stop the political blame game and start cutting the debt 2023-02-07T05:00:00Z When Biden said the Trump administration was responsible for nearly 25 percent of the national debt, GOP lawmakers protested vocally; Biden responded: “Check it out. Check it out.” Biden, in State of the Union, mixes bipartisanship with defiance 2023-02-07T05:00:00Z “Because of those record deficits, no president added more to the national debt in any four years than my predecessor.” Biden blames Trump for ballooning national debt 2023-02-07T05:00:00Z Just sensible, responsible solutions to our growing national debt.” Biden to Lay Down Economic Challenge to House Republicans 2023-02-07T05:00:00Z “No president added more to the national debt in any four years than my predecessor,” Mr. Biden said. Biden boasts of spending, asks GOP to back agenda 2023-02-07T05:00:00Z In his remarks on the eve of Mr. Biden’s State of the Union Address, Mr. McCarthy warned that adding runaway spending atop an already unwieldy national debt could cripple the country for generations. McCarthy jabs Biden over debt-ceiling impasses ahead of State of the Union address 2023-02-06T05:00:00Z Clamoring for bailouts will be intense, but the country will struggle to afford them — especially in the looming era of higher interest rates, which make it more expensive to service the national debt. Opinion | Yes, Social Security and Medicare still need to be reformed — and soon 2023-02-05T05:00:00Z Financial markets have also been shaken up by uncertainty over whether Mr. Biden and House Republicans can reach a deal to avoid defaulting on the national debt. Biden to boast of economic successes in State of the Union address 2023-02-03T05:00:00Z Mr. McCarthy’s claim that the national debt has exceeded gross domestic product by 20 percent for the first time in 80 years is also inaccurate. Assessing Political Spin in the Debt Ceiling Fight 2023-02-01T05:00:00Z Mr. McCarthy has called for the Democratic-led Senate and White House to agree to spending cuts in the face of an unwieldy national debt. Show me the money: Biden to press McCarthy for budget specifics during debt limit talks 2023-01-31T05:00:00Z “Of all the dangers we face, the greatest threat to our future is our national debt,” the California Republican said. McCarthy jabs Biden over debt-ceiling impasses ahead of State of the Union address 2023-02-06T05:00:00Z When he first came to Washington, the national debt stood at $398 billion, which horrified people back then. Republicans stage intervention for President Biden, spending junkie 2023-01-30T05:00:00Z It’s tiresome, and it wastes time and energy best spent on things that matter, such as serious, substantive fiscal reforms and addressing the root causes of the rising national debt. Opinion | It’s time to cancel Congress’s debt ceiling theatrics 2023-01-27T05:00:00Z “I’d just point out that the last guy who was president increased the national debt that was over 225 years and increased the entirety of that debt by 25 percent in four years.” Assessing Political Spin in the Debt Ceiling Fight 2023-02-01T05:00:00Z The national debt is not the yearly deficit, the amount the government outspends its tax revenues. Lots of sound and fury on US debt, but not a crisis — yet 2023-01-27T05:00:00Z “Our national debt is high. Too high. And the problem is getting worse, not better.” McCarthy jabs Biden over debt-ceiling impasses ahead of State of the Union address 2023-02-06T05:00:00Z That is in part because polls suggest Americans have little appetite for Social Security or Medicare cuts — and far less focus on the national debt — than House Republicans do. Biden Set to Hammer House Republicans on the Economy 2023-01-26T05:00:00Z Mr. McCarthy warned that the House GOP will not increase the debt limit unless the Democratic-led Senate and White House agree to spending cuts in the face of an unwieldy national debt. Biden to double down on attacks against GOP during remarks on economy at Virginia union hall 2023-01-26T05:00:00Z Mr. Biden is correct that a quarter of the national debt was accumulated over the four years Mr. Trump was in office. Assessing Political Spin in the Debt Ceiling Fight 2023-02-01T05:00:00Z This has occurred even as the national debt has climbed almost nine-fold since 1991. Lots of sound and fury on US debt, but not a crisis — yet 2023-01-27T05:00:00Z In 2013, Ben Carson, then the director of pediatric neurosurgery at Johns Hopkins Hospital, spoke against political correctness and rising national debt, with President Obama sitting a few feet away. National Prayer Breakfast, once a hot-button gathering, to tone it down for 2023, organizer says 2023-01-25T05:00:00Z Congress, lawmakers are confronting what will be perhaps the most pivotal legislative issue of 2023: the national debt limit. Factbox: When might the U.S. default? Timeline of key events in debt limit battle 2023-01-25T05:00:00Z Democrats have dug in their heels against Republicans’ demands to slash spending in the face of staggering national debt. McConnell says GOP’s spending cuts ‘reasonable,’ House must lead debt-ceiling talks with Biden 2023-01-24T05:00:00Z As a result, Congress must periodically raise that cap because the government typically spends more money than it collects each year, adding to the national debt. Explainer: Shutdown? Default? Washington's risky new debt ceiling standoff 2023-01-24T05:00:00Z It comes as Congress is set to consider raising the debt limit, the amount the federal government can borrow to pay interest on the national debt. Senator’s new bill would withhold congressional pay until lawmakers pass balanced budget 2023-01-23T05:00:00Z The resulting spending added trillions of dollars to the national debt. How the U.S. Government Amassed $31 Trillion in Debt 2023-01-22T05:00:00Z “If we don’t meet our national debt and renege for the first time, we have a calamity that exceeds anything that’s ever happened financially in the United States.” Biden says he’ll chat with McCarthy about debt ceiling 2023-01-20T05:00:00Z "MAGA extremists plan to use national debt they exacerbated with tax breaks for billionaires and profiteering corporations as an excuse to gut Social Security and Medicare." Advocates say "hell no" as Manchin pitches Social Security deal with GOP 2023-01-20T05:00:00Z Here's another idea that's always popular on the right — which would be necessary if they really plan to eliminate the national debt completely, as McCarthy apparently promised in his backroom deals during the speakership saga: Will Republicans blow up the global economy? They seem eager to try 2023-01-18T05:00:00Z New House Speaker Kevin McCarthy of California has identified the Communist Party of China as one of two “long-term challenges” for the House, along with the national debt. U.S., Chinese officials discuss climate, economy, relationship 2023-01-18T05:00:00Z New House Speaker Kevin McCarthy of California has identified the Communist Party of China as one of two “longterm challenges” for the House, along with the national debt. US-China officials to meet on economy, aim to ease tension 2023-01-17T05:00:00Z Mr. McCarthy warned earlier in the week that the House GOP will not increase the debt limit unless the Democrat-led Senate and White House agree to cuts in the face of an unwieldy national debt. Biden says he’ll chat with McCarthy about debt ceiling 2023-01-20T05:00:00Z Mr. McCarthy, California Republican, said the House GOP will not increase the debt limit unless the Democrat-led Senate and White House agree to cuts in the face of an unwieldy national debt. Biden, McCarthy dig in on debt ceiling, setting stage for showdown 2023-01-17T05:00:00Z The national debt crossed $31 trillion for the first time last year. How Close Is the U.S. to Hitting the Debt Limit? How Bad Would That Be? 2023-01-17T05:00:00Z The national debt topped $31 trillion for the first time in 2022 and interest rates are rising, increasing the amount of money the United States must pay to investors who buy its debt. U.S. Deficit Fell to $1.4 Trillion in 2022 2023-01-12T05:00:00Z Speaker Kevin McCarthy signaled this week that he and his fellow Republicans would seek to use the debt limit standoff to enact spending cuts and reduce the national debt. The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad. 2023-01-11T05:00:00Z I read the Jan. 8 front-page article “Next up for the House GOP: Fiscal showdowns” with interest, specifically regarding the Republicans’ apparent willingness to default on our national debt. Opinion | What Americans lost when McCarthy won 2023-01-10T05:00:00Z This process of reciprocal unrestrained spending has resulted in a national debt exceeding $31 trillion and in the maintenance of a permanent political class in the legislative branch of the federal government. Opinion | Steny Hoyer is part of the problem in Congress 2023-01-09T05:00:00Z He agreed to other changes that make future government shutdowns and a default on the national debt more likely, if not probable. Opinion | To save himself, McCarthy just destroyed the House 2023-01-06T05:00:00Z Republicans have been made it clear that they will make balancing the federal budget and reducing the national debt a central focus of their economic agenda this year. U.S. Deficit Fell to $1.4 Trillion in 2022 2023-01-12T05:00:00Z The movement opposed the Washington political establishment and espoused a conservative and libertarian philosophy, advocating for less spending, lower taxes and reducing the national debt and budget deficit. Speaker McCarthy: A weakened leader or emboldened survivor? 2023-01-07T05:00:00Z Those deficits will add to a national debt that topped $31 trillion last year. Speaker Drama Raises New Fears on Debt Limit 2023-01-07T05:00:00Z Mr Sunak also said he would "make sure" the UK's national debt is falling, grow the economy and pass new laws to stop small boat crossings. Labour won't spend its way out of Tory 'mess', says Sir Keir Starmer 2023-01-04T05:00:00Z In a major speech the prime minister said he would halve inflation, grow the economy, lower national debt, shorten NHS waiting times and stop asylum seekers crossing the Channel on small boats. Sunak's pledges on the NHS, economy and migrants 2023-01-04T05:00:00Z Sunak focused on tackling the U.K.’s slowing economy and made promises to reduce national debt. UK’s Sunak vows to halve inflation, tackle illegal migration 2023-01-04T05:00:00Z “There was a whole raft of reasons for that including the problems with infrastructure and essential services, education, increasing poverty, abuse of rights, a climate of fear and a massive national debt.” Newly elected Fiji PM vows to tackle growing national debt 2022-12-29T05:00:00Z However, the larger the national debt gets, the more interest the government has to pay on the money it has borrowed. From where does the government borrow billions? 2022-12-21T05:00:00Z Bainimarama's Fiji First supporters campaigned on stability and progress, while the opposition said national debt was too high and questioned the state of democracy, he said. Fiji's ruling party leads provisional count after national election 2022-12-15T05:00:00Z Bainimarama's Fiji First supporters campaigned on stability and progress, while the opposition said national debt was too high, and questioned the state of democracy, he said. Counting begins in Fiji national election 2022-12-14T05:00:00Z However, for a country with an aging and declining population already struggling with a bulging national debt, funding the cost needed for the increase is not easy. Japan aims to boost 5-year defense spending to $318 billion 2022-12-05T05:00:00Z The extra spending, funded mainly by government bonds, has added to concerns over the already heavy national debt. Japan OKs $216B extra budget to counter impact of inflation 2022-12-02T05:00:00Z They also say they want deep cuts in spending after years of both parties paying little to no attention to rising budget deficits and a national debt that now exceeds $31.3 trillion. U.S. House Democrats set to elect Hakeem Jeffries as first Black party leader 2022-11-30T05:00:00Z The supplementary budget, backed mostly by additional bond issuance, highlights Prime Minister Fumio Kishida's difficulty with the conflicting aims of controlling the national debt and pulling the economy out of pandemic doldrums with fiscal stimulus. Japan's $210 bln supplementary budget set to pass lower house 2022-11-29T05:00:00Z Excessive spending not only adds to the national debt, it is highly stimulative and inflationary. Column: 'Moderates' like Mitt Romney are threatening Social Security. Democrats don't have to let them. 2022-11-16T05:00:00Z But national debt actually increased over the same period by a fifth as a percentage of GDP. Autumn Statement: Who do spending cuts hit the most? 2022-11-16T05:00:00Z Setting a plan for a declining national debt by 2027-28 will require tens of billions of pounds worth of both spending cuts and tax rises. The repair Budget to defuse a financial timebomb 2022-11-13T05:00:00Z Setting a plan for a declining national debt by 2027-28 will require tens of billions of both spending cuts and tax rises. Autumn Statement: BBC experts on six ways the plan could affect you 2022-11-11T05:00:00Z The national debt, the world's largest, is already more than twice as big as annual economic output. Japan's $210 bln supplementary budget set to pass lower house 2022-11-29T05:00:00Z Doing so would have the dual benefits of removing excess money from the economy and reducing the national debt without forcing the poorest 95 percent to bear the brunt of the “cure.” Opinion | How to fix inflation without killing the middle class 2022-11-08T05:00:00Z Malloy calls himself a traditional pro-life conservative who wants to reduce the size of government and the national debt, and crack down on illegal immigration. Welch, Malloy compete to succeed Vermont’s Leahy in Senate 2022-11-08T05:00:00Z With Democratic control of Congress, the US had a two-year reprieve from the kind of legislative games of chicken that have led to government shutdowns and near default on the national debt. US midterms polls: Who will win control of Congress? 2022-11-07T05:00:00Z Republicans have criticized Biden’s debt cancellation plan on the campaign trail, telling voters that Biden’s decision would add to the national debt and exacerbate inflation. Campaigning in New Mexico, Biden aims to ease voters' economic anxieties 2022-11-03T04:00:00Z “With inflation at a 40-year high and the national debt approaching record levels, we shouldn’t be adding to deficits – certainly not by executive fiat.” Biden bails water on his student loan bailout to kick off final roadshow before midterms 2022-11-03T04:00:00Z A return to such purchases "would repeat some of the mistakes of quantitative easing, such as obscuring the true cost and consequences of our mounting national debt." Top Republican senator says Fed should not buy bonds to remedy market stress 2022-11-03T04:00:00Z Rep. Chip Roy wants members of Congress to stop fundraising until they pass a balanced budget, as the national debt surpasses $31 trillion. Chip Roy pushes bill to bar campaign fundraising until Congress passes balanced budget 2022-11-03T04:00:00Z He also wants to reduce the size of government and the national debt, and crack down on illegal immigration, including building the border wall begun by former President Donald Trump. Vermont’s lone US House member eyes move up to Senate 2022-10-31T04:00:00Z Among them: The national debt has grown phenomenally under Republican leadership, too. Opinion | A horror-film cliche is playing out in Washington. Will Democrats stop it? 2022-10-27T04:00:00Z The hefty spending package will require issuing of more government bonds, further straining Japan’s worsening national debt that has piled up as the government spent heavily to counter the impact of the pandemic. Japan to OK $490B in stimulus to cushion impact of inflation 2022-10-27T04:00:00Z “We are witnessing a gargantuan increase in the national debt accomplished by a complete disregard for limitations on the constitutional spending authority,” the association’s lawyers wrote. Justice Barrett Rejects Plea to Stop Biden Plan on Student Debt 2022-10-20T04:00:00Z Mr. el-Sisi had borrowed heavily to fund the megaprojects, as well as billions of dollars in international arms purchases, helping to quadruple the national debt over a decade. A New Capital Worthy of the Pharaohs Rises in Egypt, but at What Price? 2022-10-08T04:00:00Z He warned it could worsen national debt and may not trickle down to the people in terms of work and wages. Malaysia plans smaller 2023 budget, goodies ahead of polls 2022-10-07T04:00:00Z America’s gross national debt yesterday exceeded $31 trillion for the first time. Balancing Extremes 2022-10-05T04:00:00Z Ms Truss is under pressure to find savings to pay for her tax-cutting economic growth plan and to get the UK's national debt falling. Increasing state pension age not ruled out 2022-10-04T04:00:00Z In other words, Biden is bragging about reducing budget deficits even as he increased the national debt about $500 billion more than originally projected. Analysis | Biden’s unwarranted bragging about reducing the budget deficit 2022-09-23T04:00:00Z “With inflation at a 40-year high and the national debt approaching record levels, we shouldn’t be adding to deficits – certainly not by executive fiat,” she said. Public interest lawyer sues Biden admin to stop student debt write-off 2022-09-27T04:00:00Z The economic impact of the coronavirus pandemic and the war in Ukraine, with high national debt and rocketing inflation, has deeply damaged centrist parties across the continent. Your Tuesday Briefing 2022-09-27T04:00:00Z It did this despite the impact on Britain’s national debt, which is forecast to hit 90 percent of gross domestic product in 2024-2025, up from 75 percent before the pandemic. Opinion | Britain has replaced Italy as Europe’s problem economy 2022-09-26T04:00:00Z “With inflation at a 40-year high and the national debt approaching record levels, we shouldn’t be adding to deficits – certainly not by executive fiat,” she added. CBO: Biden’s student debt write-off costs taxpayers $400B, about 60% more than White House estimate 2022-09-26T04:00:00Z The economic impact of Covid and now of the war in Ukraine, with high national debt and rocketing inflation, has deeply damaged centrist parties all over Europe. Europe Looks at Italy’s Meloni With Caution and Trepidation 2022-09-26T04:00:00Z Mountainous national debt means any government, with missteps that scare investors, could edge toward a financial crisis. Italy on course for far-right government after vote, according to projections 2022-09-25T04:00:00Z Mr. McCarthy pledged that the GOP agenda will “curb wasteful government spending that is raising the price of groceries, gas, cars, and housing, and growing our national debt.” The MAGA agenda, denounced by Democrats, makes sense to many Americans 2022-09-25T04:00:00Z He tweeted: "The Growth Plan will increase living standards, boost employment, raise revenue for public services and reduce the national debt." Mini-budget favours wealthy over workers, says Murphy 2022-09-23T04:00:00Z With national debt skyrocketing, pumping more money from our coffers while passing the Inflation Reduction Act was comical. Opinion | We should save before we spend 2022-09-21T04:00:00Z That adds it to the pot of national debt. What the new Liz Truss energy plan means for you 2022-09-08T04:00:00Z "But the outlook for 2022 is grim," says Achim Steiner, one of its authors, who points out that more than 80 countries are facing problems paying off their national debt. UN sees life expectancy, education and income fall 2022-09-08T04:00:00Z The total amount the government owes is called the national debt. Where does the government borrow billions from? 2022-09-07T04:00:00Z “NTUF believes that taxpayers are ultimately responsible for paying down the national debt either through government spending cuts or higher taxes in the future.” Biden’s student debt bailout expected to cost each taxpayer roughly $2,500 2022-08-31T04:00:00Z In fact, when numbers become truly large in everyday life, such as the national debt in the United States, we call them astronomical. Astronomy 2016-10-13T00:00:00Z In the end, the states failed to provide even half the funding requested by the Congress during the war, which led to a national debt in the tens of millions by 1784. U.S. History 2014-12-30T00:00:00Z “If we had a dollar for every time someone underestimated or counted Joe Biden out, we could pay off the national debt,” he said. As Biden turns toward midterms, he may not be the top surrogate 2022-08-21T04:00:00Z The larger the national debt gets, the more interest the government has to pay on all the bonds it has sold. Where does the government borrow billions from? 2022-09-07T04:00:00Z That proved a costly mistake, stoking inflation as money poured in and burdening the country with ever-growing national debt. Economic Neglect and Political Instability Unraveled Tunisia’s Democracy 2022-08-21T04:00:00Z It then conducts additional deficit spending by increasing the national debt. American Government 2021-07-28T00:00:00Z The third report Hamilton delivered to Congress, known as the “Report on Manufactures,” addressed the need to raise revenue to pay the interest on the national debt. U.S. History 2014-12-30T00:00:00Z But a Cabinet Office spokesperson said that in a time of "high national debt and increasing cost pressures" the Civil Service Compensation Scheme should be "affordable" to the taxpayer. Trade union anger over 26% cut civil service redundancy pay 2022-08-16T04:00:00Z Recent governments have pledged to keep the national debt under control, by which they mean getting smaller over time compared to the overall size of the economy. Where does the government borrow billions from? 2022-09-07T04:00:00Z Johnson was first elected as a fiscal conservative, known for attacking spending and intent on lowering the national debt. Dems look ahead to Barnes in fall race against Ron Johnson 2022-08-07T04:00:00Z He has emphasized that the bill would reduce inflation and pay down the national debt. Joe Manchin’s price for supporting the climate change bill: A natural gas pipeline in his home state 2022-08-05T04:00:00Z He steered clear of the 2010 class rabble rousers as they nearly caused a default on the national debt and fueled a long government shutdown in 2013. Analysis | The education of Adam Kinzinger 2022-07-23T04:00:00Z But Italy, which has a national debt 150 percent the size of its G.D.P., will be among the European countries that face the largest challenges from higher interest rates. Decision Day For the E.C.B. 2022-07-21T04:00:00Z This is not surprising as the election comes in the midst of a cost-of-living crisis, worsened by high unemployment and a huge national debt. Kenya elections 2022: Why the ethnic factor may be losing its power 2022-07-20T04:00:00Z At the moment, the country is spending a huge portion of its annual budget to repay its national debt. Kenya elections 2022: President Kenyatta halves cost of maize flour 2022-07-20T04:00:00Z Many hold Salameh responsible for the crisis, citing policies that drove up national debt and caused the Lebanese pound to lose 90% of its value against the dollar. Judge and security forces raid Lebanon’s central bank 2022-07-19T04:00:00Z As of Thursday morning, Democrats had remained cautiously optimistic that a deal could be reached, provided that they followed Mr. Manchin’s repeated calls to address the national debt, tax reform and drug prices. Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan 2022-07-14T04:00:00Z Former British foreign minister Jeremy Hunt, who is running to replace Boris Johnson as prime minister, said on Monday tax cuts could be made without increasing national debt. Asian firms may struggle to refinance dollar debt, ratio suggests 2022-07-11T04:00:00Z Manchin has argued that such spending could add to the national debt and worsen inflation as prices are skyrocketing. Democrats race to clinch deal on climate, energy with Manchin 2022-07-07T04:00:00Z Mr. Manchin has repeatedly said such legislation should focus on tax reform and drug pricing, as well as efforts to lower the national debt. Democrats Propose Raising Taxes on Some High Earners to Bolster Medicare 2022-07-07T04:00:00Z A fiscal conservative, who has repeatedly warned about the dangers of rising inflation and the national debt, Mr Javid rose from modest beginnings. Conservative leadership: Who could replace Boris Johnson? 2022-07-07T04:00:00Z But while Mr. Manchin has long sounded alarms about inflation and the national debt, he had also maintained openness to overhauling the tax code, a position he appeared to have reversed. Manchin Pulls Plug on Climate and Tax Talks, Shrinking Domestic Plan 2022-07-14T04:00:00Z Mr. Manchin has repeatedly said any package must be focused on reducing the national debt, tackling the costs of prescription drugs and undoing pieces of the tax law Republicans muscled through in 2017. Democrats Offer Plan to Cut Drug Costs, Seeking Climate and Tax Deal 2022-07-06T04:00:00Z Mr Javid, 52, also sees himself as a fiscal conservative, who repeatedly warned about the dangers of rising inflation and the size of the national debt before becoming health secretary last year. Sajid Javid and Rishi Sunak share more than a love of Star Wars 2022-07-05T04:00:00Z All of this will get added to the national debt, which will ultimately be borne by us, our children, our grandchildren and generations yet unborn. Perspective | Fed interest rate hikes just made national debt a lot more expensive 2022-06-27T04:00:00Z Since December, when Manchin blocked Biden’s original Build Back Better proposal, the senator has expressed reservations about the price tag of any potential package, warning about the rising national debt and skyrocketing inflation. Biden opens door to more offshore drilling, despite earlier climate vow 2022-07-01T04:00:00Z Petro will take office at a time when Colombia is struggling with low credit ratings, a large trade deficit and national debt which is predicted to end the year at 56.5% of GDP. Analysis: Colombia's first leftist president targets inequality, leaves investors on edge 2022-06-20T04:00:00Z Annual interest on the national debt will reach $399 billion this year, according to the Congressional Budget Office. Fed’s interest rate hikes may mark start of tough new economic climate 2022-06-19T04:00:00Z Japan, with a huge national debt, can’t compete militarily against China and must instead “focus on deterrence by diplomacy,” it said. Japan PM’s cautious course sets up potential long-term rule 2022-06-15T04:00:00Z She is also an advocate for limited government, protecting the Second Amendment, and reducing taxes while bringing down the national debt. Air Force pilot eyes Democratic seat to become first Black female veteran to serve in House 2022-06-06T04:00:00Z Our trade imbalance with China and others has compounded to a cumulative value that rivals our national debt. Opinion | The difficulties in dealing with inflation 2022-06-05T04:00:00Z In the mid-1990s, the government under President Bill Clinton shut down as Republicans demanded an end to rising national debt. George Gould, Wall Street banker and top Treasury official, dies at 94 2022-05-05T04:00:00Z Most of the rest of the cost is being paid for by borrowing, which is then added to the national debt. What was behind Rishi Sunak's mini Budget? 2022-05-26T04:00:00Z The move will make it much harder, if not impossible, for Russia to avoid a default — a breach of its national debt commitments — which Moscow has tried to avoid since launching the war in Ukraine. U.S. pushes Russia toward default by blocking debt payments 2022-05-24T04:00:00Z This at a time where the pandemic has left the government facing a bill of around £80bn a year in paying the interest on the UK's national debt. Where are government heads at over cost of living? 2022-05-24T04:00:00Z The EU deactivated its full controls on national debt levels in 2020 as a response to the COVID-19 pandemic; the laxer framework was due to lapse at the end of this year. EU to keep budget rules looser for longer amid war fallout 2022-05-23T04:00:00Z As ministers wrestle with the financial consequences of the pandemic, there is a bill of £80bn a year in interest payments on the national debt. Will government do more sooner on cost of living? 2022-05-10T04:00:00Z We need to solve real problems, things like Ukraine, Iran, border security, the national debt. It’s time to reboot America, former U.S. representative Will Hurd says 2022-05-03T04:00:00Z In her presidential run, she has promised an honest government and reforms to spur an economy that has been battered by Covid and soaring national debt. Leni Robredo: The woman leading the Philippines' 'pink revolution' 2022-05-06T04:00:00Z Besides the quarterly reduction in the national debt, the Treasury Department estimates that this fiscal year’s budget deficit will decline $1.5 trillion. With deficit falling, Biden pivots to fiscal responsibility 2022-05-04T04:00:00Z The Treasury Department also estimates that it will pay down the national debt this quarter for the first time since 2016. Biden to tout efforts to reduce budget deficit in speech 2022-05-04T04:00:00Z To avoid adding to the national debt, we could pay for student debt cancellation with Biden’s proposed billionaire tax and institute a transaction tax on Wall Street speculation. Opinion | President Biden, it’s time to cancel student debt 2022-05-02T04:00:00Z Biden’s effort to pass a sweeping social spending bill — his so-called Build Back Better initiative — collapsed last year after Manchin pulled out of negotiations, citing rising inflation and the growing national debt. Six months before crucial midterms, Biden faces many challenges 2022-05-02T04:00:00Z The intervention empowered Congress to pursue its own stimulus without worrying about the national debt: The Fed was buying government bonds as fast as the Treasury could issue them. Opinion | Where the Fed went wrong on inflation 2022-04-22T04:00:00Z Trump, among a multitude of promises, pledged to lower the national debt yet failed to do so during any financial quarter of his presidency. With deficit falling, Biden pivots to fiscal responsibility 2022-05-04T04:00:00Z When Le Pen tried to talk about the national debt, which swelled because of Macron’s pandemic bailout package, he scolded her: “Stop mixing things up.” At a pivotal moment for Western unity over Ukraine, a divisive French presidential race 2022-04-22T04:00:00Z Which means hundreds of billions of dollars in taxes are uncollected — money that could go toward everything from health and education programs to putting a dent in the national debt. Opinion | Frustrated with the IRS? Call a Republican. 2022-04-15T04:00:00Z “Here is the truth, we cannot spend our way to a balanced, healthy economy and continue adding to our $30 trillion national debt.” Manchin accuses Biden of failing to ‘act fast enough’ to combat inflation 2022-04-12T04:00:00Z His government faces a stalled economy that has struggled with double-digit inflation and immense national debt. Shehbaz Sharif Becomes Pakistan’s New Prime Minister Amid Turmoil 2022-04-11T04:00:00Z Its immense national debt poses a further drag on its sinking economy. Pakistan Closes a Chaotic Political Chapter. It May Not Be the Climax. 2022-04-10T04:00:00Z The national debt already stood at $54 million and state obligations would add another $25 million, but Hamilton argued that they all had paid for independence so the whole nation should repay them. Building the American Republic, Volume 2 2018-01-18T00:00:00Z There would be $795 billion for defense, $915 billion for domestic programs, and the remaining balance would go to mandatory spending such as Social Security, Medicare, Medicaid and net interest on the national debt. Biden’s budget plan: Hhigher taxes on rich, lower deficits, 2022-03-28T04:00:00Z Never much of his focus, Graham said he would use the Budget Committee gavel to pull together some members of an independent commission that studied the national debt early last decade. Analysis | Graham: Judicial confirmation process could get even more toxic 2022-03-26T04:00:00Z "It would clearly be irresponsible to meet this ambition this year," he told MPs, but official forecasts said inflation would be "back under control" and national debt falling by 2024, making a cut possible. Spring Statement: Rishi Sunak vows to cut income tax before 2024 election 2022-03-23T04:00:00Z Those wars cost about $2.2 trillion, according to Brown University’s Costs of War project, although the true impact could be trillions of dollars more when interest payments on the national debt are factored in. Analysis | Congress rushes to send aid to Ukraine, with much more likely to come 2022-03-09T05:00:00Z Morris wanted the money to “fund” the national debt, or, in other words, to guarantee its interest payments with specifically dedicated taxes. Building the American Republic, Volume 2 2018-01-18T00:00:00Z By the end of Reagan’s second term, the national debt had tripled. myWorld: The Growth of Our Country 2012-01-01T00:00:00Z “Tell me again what you were trying to do,” Graham said he would ask, hoping to create a “blueprint” to curb the $30 trillion national debt. Analysis | Graham: Judicial confirmation process could get even more toxic 2022-03-26T04:00:00Z Manchin has cited inflation and the national debt as some of his key concerns. What Biden Said—and Didn’t Say—on Climate During the State of the Union 2022-03-02T05:00:00Z President Vladimir V. Putin has moved to further insulate it in recent years, building up a storehouse of foreign exchange reserves, reducing national debt and even banning cheese and other food imports from Europe. Within Days, Russia’s War on Ukraine Squeezes the Global Economy 2022-03-01T05:00:00Z Second, should the government sell territorial land for high prices to finance the national debt or other major projects, or should it keep prices low to benefit the pioneers? Building the American Republic, Volume 2 2018-01-18T00:00:00Z Unfortunately, this dramatically increased the national debt, or money that the country has borrowed to pay its bills. myWorld: The Growth of Our Country 2012-01-01T00:00:00Z Smiley says Democrats have led an irresponsible spending binge, pointing to the national debt that has topped $30 trillion. Pasco veterans advocate Tiffany Smiley challenges Sen. Patty Murray’s bid for sixth term 2022-02-28T05:00:00Z Privately, Biden’s economic team has talked for weeks about including a deficit reduction measure in the package, to address Manchin’s concerns about the national debt. Democrats weigh gas tax holiday and deficit cuts as inflation mounts 2022-02-15T05:00:00Z As politicians panic about inflation and the national debt, the people they represent have more immediate concerns on their minds. Opinion | 12 Economically Insecure Americans on What Keeps Them Up at Night 2022-02-11T05:00:00Z In coastal cities, merchant groups generally favored the Constitution, hoping that the new government could foster commerce, pay the national debt, and protect private property. Building the American Republic, Volume 2 2018-01-18T00:00:00Z The $6 trillion or so added to the national debt will have to be paid off. Americans will be cleaning up from the coronavirus for years, experts warn 2022-02-11T05:00:00Z Heritage officials have long decried big government deficits, but Trump added nearly $8 trillion to the national debt, the most by any president. Heritage Foundation, former powerhouse of GOP policy, adjusts in face of new competition from Trump allies 2022-02-07T05:00:00Z It drove the national debt past $30 trillion this past week, which only two years ago it had not been expected to accomplish until 2026. Opinion | Profligate Democrats, delusional Republicans and the $30 trillion sprint toward deficit disaster 2022-02-04T05:00:00Z The gross national debt represents debt held by the public, such as individuals, businesses and pension funds, as well as liabilities that one part of the federal government owes to another part. U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic 2022-02-01T05:00:00Z In his eyes, the project was local rather than national, the Treasury was empty, and repaying the national debt was more important. Building the American Republic, Volume 2 2018-01-18T00:00:00Z Treasury market has grown to roughly $23 trillion, from $3 trillion two decades ago — directly in step with the national debt, which has grown to over 120 percent of gross domestic product, from 55 percent. Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds 2022-01-30T05:00:00Z Back in December, Manchin effectively ended negotiations with both Biden and Senate Democrats on Build Back Better, saying that he could not support the measure due to fears around inflation and the national debt. Joe Manchin's revisionist history: Filibuster stands after Senate Democrat sides with Republicans 2022-01-20T05:00:00Z But if the future government merely carried on with trends seen over the last decade, the national debt would at best only remain stable, Bank of France Governor Francois Villeroy de Galhau said. France can't afford higher spending, tax cuts - central bank head 2022-01-18T05:00:00Z In January 2020, before the pandemic spread across the United States, the Congressional Budget Office projected that the gross national debt would reach $30 trillion by around the end of 2025. U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic 2022-02-01T05:00:00Z Jackson also hated the national debt, wanted tariff revenue to pay it, and needed support from both sections. Building the American Republic, Volume 2 2018-01-18T00:00:00Z The cost of the interest payments that the U.S. government owes on its debt peaked in 1991 at 3.2 percent of gross domestic product, when the national debt was only 44 percent of G.D.P. Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds 2022-01-30T05:00:00Z Many hold Salameh responsible for the financial crisis, blaming him for policies that only drove national debt up and caused the currency to tumble. Lebanese judge freezes assets of central bank governor 2022-01-18T05:00:00Z In parallel, some countries including France are pushing for looser EU limits on national debt to allow greater room for growth-boosting public investments. Euro nations seek path between high inflation, weak growth 2022-01-17T05:00:00Z He added that he was worried about inflation and the size of the national debt. Goodbye ‘godsend’: Expiration of child tax credits hits home 2022-01-13T05:00:00Z Wartime expenses had doubled the British national debt, to just under £130,000,000, and interest payments required half the government’s annual revenue. Building the American Republic, Volume 2 2018-01-18T00:00:00Z Earlier this month, in a Fox News interview, Manchin said he could not vote to move forward on the social spending bill because of concerns over rising inflation and the growing national debt. How the left’s rage at Joe Manchin crystallizes the Democrats’ 2022 dilemma 2021-12-30T05:00:00Z Exempting pass-through entities from that measure could deprive Democrats of billions of dollars they are counting on to ensure their plan does not add to the national debt. Manchin told White House he would support some version of a tax on billionaires 2021-12-24T05:00:00Z “I cannot vote to continue with this piece of legislation,” Mr. Manchin said on “Fox News Sunday,” citing concerns that the Build Back Better plan would add to the national debt and rising inflation. ‘A Blessing and a Relief’: How Four Families Used the Child Tax Credit 2021-12-21T05:00:00Z In the end, however, he said that with ongoing inflation, the national debt, "geopolitical unrest," and the COVID-19 pandemic, the bill being pushed by his fellow Democrats was too much. Bette Midler apologizes for Twitter 'outburst' calling West Virginia 'poor, illiterate': 'I'm just seeing red' 2021-12-20T05:00:00Z Unlike Hamilton, Treasury Secretary Albert Gallatin began to pay off the national debt instead of using it for development capital. Building the American Republic, Volume 2 2018-01-18T00:00:00Z “I cannot vote to continue with this piece of legislation,” Mr. Manchin said on “Fox News Sunday,” citing concerns about adding to the national debt, rising inflation and the spread of the latest coronavirus variant. Manchin Pulls Support From Biden’s Social Policy Bill, Imperiling Its Passage 2021-12-19T05:00:00Z Republicans could cite those votes in the future as they seek to criticize Democrats for excessive spending and adding to the national debt. Congress Approves $2.5 Trillion Debt Limit Increase, Sending It to Biden 2021-12-14T05:00:00Z US lawmakers have voted to raise the national debt limit, just days before a potential US credit default. US Congress narrowly votes to raise debt limit 2021-12-15T05:00:00Z They say that without having to keep a continuous watch on the national debt, lawmakers will be free to indulge in “turning up the spigot and keep federal money flowing.” Senate Democrats approve raising the federal debt limit to $31.4 trillion 2021-12-14T05:00:00Z Founded in 1694, the powerful Bank of England already existed to facilitate government borrowing, but with firm support from financiers, Walpole strengthened it and made reliable payments on the sizable national debt. Building the American Republic, Volume 2 2018-01-18T00:00:00Z He added that he wants to see more funding from the revenue raised by the bill to go toward paying down the national debt instead of funding social programs. Joe Manchin cites “fake” GOP numbers to demand last-minute cuts to Democrats’ Build Back Better bill 2021-12-14T05:00:00Z While many Republicans are careful to keep their broadsides focused on higher inflation, many others are happy to return to decade-old talking points about a runaway national debt and calamitous long-term consequences for the nation. Republicans warn Biden: The next debt limit increase won’t be so easy 2021-12-13T05:00:00Z If they did, they would not have passed Trump's massive tax cuts, which bloated national debt by $7.8 trillion. Debt limit wrangling serves as bleak reminder of how Republicans have broken our political system 2021-12-10T05:00:00Z Since then, lawmakers approved more spending that adds to the national debt. Senate Democrats approve raising the federal debt limit to $31.4 trillion 2021-12-14T05:00:00Z They also realized that taxing foreign trade was the best way to pay the national debt, and that required the power to set uniform duties and regulations. Building the American Republic, Volume 2 2018-01-18T00:00:00Z He turned up the criticism Wednesday, tweeting, “If ‘temporary’ provisions in the Build Back Better Act become permanent, US national debt will increase by 24%!” Elon Musk calls for ditching Build Back Better despite electric-vehicle tax credits 2021-12-08T05:00:00Z “House Republicans can’t support using patients and access to local doctors as leverage to increase the national debt on our children.” House Passes Legislation to Pave Way for Debt Ceiling Increase 2021-12-07T05:00:00Z Things get really dicey on New Year's Eve when the Treasury is due to pay investors about $10 billion in interest payments on the national debt. What happens if Washington falls behind on its bills? 2021-12-03T05:00:00Z “When Congress doesn’t have tight control over the national debt, spending tends to balloon,” said Mr. Dickerson. Senate Democrats approve raising the federal debt limit to $31.4 trillion 2021-12-14T05:00:00Z Alexander Hamilton went further by harnessing the national debt for development capital and establishing a nearly uniform national currency through the Bank of the United States. Building the American Republic, Volume 2 2018-01-18T00:00:00Z That estimate, which is more optimistic than the projections of the Congressional Budget Office, allows the Biden administration to claim that the new spending will not add to the national debt. Janet Yellen still supports making banks give the I.R.S. new customer data. 2021-11-30T05:00:00Z Congress has passed four major spending bills since the start of the pandemic and added a staggering $5.5 trillion to the national debt in the process. With inflation raging, Congress must end spending spree 2021-11-26T05:00:00Z They used to worry about the national debt but acquiesced while Trump racked up massive deficits. Opinion | The Grand Old Party of disarray 2021-11-15T05:00:00Z The bill, which now heads to all but certain passage in the Democrat-run House, will push the national debt limit to $31.4 trillion from its current limit of roughly $29 trillion. Senate Democrats approve raising the federal debt limit to $31.4 trillion 2021-12-14T05:00:00Z Yellen said in prepared remarks to a University of Nevada-Las Vegas economic conference that together, the two bills would increase long-term U.S. economic output without increasing the national debt. U.S. Treasury's Yellen says investment bills will boost U.S. productivity, labor force 2021-11-09T05:00:00Z “I will not support a bill that is this consequential without thoroughly understanding the impact it will have on our national debt, our economy and the American people,” Mr. Manchin said last week. Richmond urges Biden go ‘big,’ despite Manchin call for ‘patience’ 2021-11-07T04:00:00Z “We estimate that the bill would result in $752 billion of accumulated deficits … leading to an increase in payments to foreign owners of the national debt.” Biden bill on social welfare, climate change estimated to kill 103K jobs, raise taxes on 80% of U.S. 2021-11-02T04:00:00Z Republican lawmakers in Idaho, like those elsewhere, cite concerns about local control, restrictive terms attached to some of the aid, and the skyrocketing national debt. COVID-19 still rages, but some U.S. states reject federal funds to help 2021-11-02T04:00:00Z Economists warn that mounting national debt, if left unchecked, can spur an economic disaster in the future. Senate Democrats approve raising the federal debt limit to $31.4 trillion 2021-12-14T05:00:00Z If that money is never recovered, since it was borrowed from the federal government, most of it gets added to the national debt. Will that college degree pay off? A look at some of the numbers 2021-11-01T04:00:00Z But Congress has also approved spending laws requiring the federal government to run a national debt in excess of this limit. Treasury Secretary Yellen expresses openness to defusing debt ceiling without GOP votes 2021-11-01T04:00:00Z “I will not support a bill that is this consequential without thoroughly understanding the impact it will have on our national debt, our economy and the American people,” he said. Democrats scramble to get a drug-price compromise, but wait on Sinema 2021-11-01T04:00:00Z "Extra spending and cutting taxes is a really positive move but on flip side it doesn't help our national debt," she said. Budget 2021: Did you get what you wanted? 2021-10-27T04:00:00Z In the process, Biden’s promise that the bill, whatever its price tag, will not add “a dime” to the national debt is looking much iffier. Opinion | On taxes, the Democrats’ plan looks a lot like the Trump plan 2021-10-26T04:00:00Z And just so you know, the national debt on Oct. Democrats try to make a trillion ‘sound normal’ 2021-10-24T04:00:00Z More than the national debt is at stake. Opinion | Build Back Better is falling short of what President Biden promised 2021-10-23T04:00:00Z The national debt of major countries will balloon next year by as much as 25 percentage points of their gross domestic product because of pandemic-related effects, the report said. Global economic growth will stabilize next year, but supply chain shock remains a risk, a report says. 2021-10-19T04:00:00Z The survey found 39% of the public “is concerned about inflation,” while none of the other factors designated by pollsters — lack of government assistance, the national debt, or unemployment — drew more than 30%. Inflation, racial strife, the sanctity of marriage have U.S. families on edge, poll shows 2021-10-12T04:00:00Z Democrats want Republicans to put their imprint on the borrowing limit increase, arguing that the $28 trillion national debt is for unpaid bills already incurred, including $7 trillion under former President Donald Trump. Fall will test leaders’ ability to keep Congress on rails 2021-10-10T04:00:00Z The national debt now tops $22 trillion, equal to roughly 98 percent of the nation’s annual economic output, although interest costs remain low. Opinion | Stop the Debt Ceiling Nonsense 2021-10-09T04:00:00Z Others think that it serves a purpose in a philosophical way to get people to think about the mounting national debt. Analysis | There is little use for the debt ceiling in Congress but little chance it fades away 2021-10-09T04:00:00Z Higher inflation also increased the cost of paying interest on the national debt, CBO said. Feds ran second-highest deficit ever in 2021: CBO 2021-10-08T04:00:00Z There were fears that the US would default on its national debt, with catastrophic financial implications. US senators agree to extend debt ceiling to avoid default 2021-10-07T04:00:00Z The showdown has prompted fears of a default on the national debt. Debt ceiling: Is the US about to overshoot its debt limit? 2021-10-06T04:00:00Z Those bills cover previous government spending — including funding social programs, national debt, and service members’ salaries — but not future costs. Biden, banking leaders escalate pressure on Republicans to raise debt limit 2021-10-06T04:00:00Z But it was expensive, driving national debt to 110% of GDP. Column: The problem isn't raising taxes, it's spending, spending, spending 2021-10-05T04:00:00Z Those bills cover previous government spending — including funding for social programs, national debt and service members’ salaries — but not new costs. Biden urges Congress to raise debt ceiling, warns of default 2021-10-04T04:00:00Z Looming over both of these legislative priorities is the national debt limit, which the federal government will hit sometime in mid to late October. The biggest test of Biden's presidency so far 2021-09-30T04:00:00Z The national debt currently tops $28.8 trillion, and a U.S. default would be unprecedented. Congress averts government shutdown, remains in stalemate over debt limit 2021-09-30T04:00:00Z It has prompted dire warnings of a catastrophic default on the national debt that could reverberate through the US and the global economy. Shutdown: Senate votes to keep US government open 2021-09-30T04:00:00Z Spending that much at a time of inflation and a ballooning national debt is “the definition of fiscal insanity,” Manchin said. Democrats divided: Progressives, centrists say trust is gone 2021-09-29T04:00:00Z Republicans approved three increases to the debt ceiling during the Trump administration, which increased the national debt by roughly $8 trillion. Biden urges Congress to raise debt ceiling, warns of default 2021-10-04T04:00:00Z He meant it would not add to the national debt — a dubious claim in itself — while downplaying the historic tax increases proposed in the package. Biden, Democrats still short of goal on big-spending agenda after months of dealmaking 2021-09-29T04:00:00Z The current $28.4 trillion national debt equals roughly one-fifth of American household assets. Be careful when writing blank checks 2021-09-29T04:00:00Z There are also dire warnings of a catastrophic default on the national debt that could reverberate through the US and the global economy. Can the US avoid another government shutdown? 2021-09-29T04:00:00Z They warn a default on the national debt would cause havoc for world markets and damage the nation’s credit rating. Treasury’s Yellen: Congress faces hard deadline of Oct. 18 on debt 2021-09-28T04:00:00Z After leaving office, Mr. Obama acknowledged that he and Treasury officials considered several creative contingency plans, such as minting a $1 trillion coin to pay off some of the national debt. Explaining the U.S. Debt Limit and Why It Became a Bargaining Tool 2021-09-27T04:00:00Z And no, the entire cost will not just be thrown onto the national debt. Opinion | Democrats: Political suicide is not a strategy 2021-09-26T04:00:00Z The national debt represents only a portion of what the government has taken from Americans and repurposed to meet the desires of federal bureaucrats and politicians. Be careful when writing blank checks 2021-09-29T04:00:00Z He wants to restore the middle class to the epicenter of economic growth, but do so without worsening the national debt or raising taxes on people earning less than $400,000 a year. What’s the price of Biden’s plan? Democrats drive for zero 2021-09-26T04:00:00Z This has left the debt limit as a merely theoretical restraint on the national debt’s climb. Perspective | The debt limit fight is a scam. The GOP counts on voters not knowing that. 2021-09-24T04:00:00Z That includes funding for social safety net programs, interest on the national debt and salaries for troops. Explaining the U.S. Debt Limit and Why It Became a Bargaining Tool 2021-09-27T04:00:00Z Republicans have refused to help Democrats approve a new debt ceiling suspension despite approving three such measures during the Trump administration, under which the national debt rose by roughly $8 trillion. Former GOP treasury secretaries tried defusing debt ceiling bomb in private talks with McConnell, Yellen 2021-09-22T04:00:00Z The runaway trajectory of the national debt will compound these burdens each day that goes by without reform. Be careful when writing blank checks 2021-09-29T04:00:00Z Biden’s own budget officials earlier this year estimated that his agenda would increase the national debt by nearly $1.4 trillion over the decade. What’s the price of Biden’s plan? Democrats drive for zero 2021-09-26T04:00:00Z But Democrats have rejected that approach because current national debt levels, which require raising the debt ceiling, are due to an array of policy priorities from both parties. U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study says 2021-09-21T04:00:00Z But Democrats have rejected that approach, because current national debt levels, which require raising the debt ceiling, are due to an array policy priorities from both parties. U.S. default this fall would cost 6 million jobs, wipe out $15 trillion in wealth, study says 2021-09-21T04:00:00Z “President Trump added nearly 8 trillion dollars to the national debt. If the U.S. defaults, it will harm every single American,” said Senate Majority Leader Charles E. Schumer, a New York Democrat. House Dems link debt ceiling vote to hurricane relief, Afghan resettlement seeking GOP support 2021-09-19T04:00:00Z Now, almost two years later, Democrats have set up a similar type of strategy that, if successful, will force Republicans to accept their fair share of the national debt that now tops $28 trillion. Senate GOP says it will allow debt default; Democrats rush to avert economic crisis | Analysis 2021-09-18T04:00:00Z “There is the national debt issue, but I doubt this makes much of a dent in that,” he said. Child tax credit less likely to have been claimed by parents without high school degree, survey shows 2021-09-15T04:00:00Z The Conservatives did not provide numbers for how their spending plan would impact the national debt. Canada's main parties jump aboard spending bandwagon as election nears 2021-09-09T04:00:00Z To tackle the pandemic, the Liberals ran up a record national debt of C$1 trillion and pushed budget deficits to highs not seen since World War Two. Canada's Conservatives pledge big spending, deficit reduction in election platform 2021-09-08T04:00:00Z A showdown over U.S. national debt alongside crucial elections in Japan and Germany add to the risks. End of the summer: Events that may shake markets in September 2021-09-06T04:00:00Z ESPN’s broadcast tracked the delay with a running clock graphic labeled “Time Since Last Point” as if it were tracking the national debt. ‘Potty-gate’ at the U.S. Open: Stefanos Tsitisipas remains unbowed — and unburdened 2021-09-02T04:00:00Z The Liberals spent heavily on programs to shield citizens and businesses from the COVID-19 pandemic, driving the national debt and budget deficits to record highs. Canada's ruling Liberals pledge massive new investments as election looms 2021-09-01T04:00:00Z Also worrying economic observers is Ethiopia's national debt, which some expect to reach $60bn this year, or nearly 70% of GDP. Ethiopia's economy battered by Tigray war 2021-08-29T04:00:00Z "But this bill was negotiated in secret, rushed through the process without meaningful opportunities to have input, and adds a net increase ... to the national debt. I can't vote for a bill like that." GOP candidates trashed bipartisan infrastructure deal while Dems secured billions for their states 2021-08-16T04:00:00Z The Liberals spent heavily on subsidies to businesses and individuals to limit the damage from COVID-19, sending both the national debt and budget deficits to record highs. Canada's Trudeau takes gamble, calls snap election for Sept. 20 2021-08-15T04:00:00Z Point two: The consequences of failing to lift the debt ceiling once it’s reached would be dire for everyone in the United States because it would mean defaulting on the national debt. Column: Like children playing with matches, GOP again toys with U.S. debt ceiling 2021-08-11T04:00:00Z Democrats opted not to do so, arguing that Republican policies have added to the national debt and that it ought to be a shared responsibility to raise it. How Mitch McConnell and Senate Republicans learned to stop worrying about a Biden victory and love the infrastructure bill 2021-08-10T04:00:00Z “These specifics are crucial, particularly given the combined threat of rising inflation, national debt, and the trillions recently, and appropriately, allocated to the COVID-19 emergency.” Moderate House Democrats urge Pelosi to hold ‘standalone’ vote on infrastructure 2021-08-09T04:00:00Z He estimated that the bill could actually add more than $400 billion to the national debt. Infrastructure Bill Would Add $256 Billion to Deficit, Analysis Finds 2021-08-05T04:00:00Z Some Republicans are wary of another large spending bill after a series of COVID-19 relief measures have boosted the national debt. $1T infrastructure bill gets first action as senators dig in 2021-08-02T04:00:00Z The total U.S. national debt stands at more than $28.4 trillion. House GOP seeks budget caps as check to Biden’s ‘harmful spending agenda’ 2021-07-22T04:00:00Z But I talked to a surprising number who’d also voted for Barack Obama at least once, attracted to the Democrat’s charisma and fed up with Republicans over foreign adventurism and the growing national debt. Perspective | To Trump’s hard-core supporters, his rallies weren’t politics. They were life. 2021-07-15T04:00:00Z Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said the pace of growth in the national debt “is not sustainable.” U.S. taxpayers, not foreign investors, on the hook for Democrats’ trillions in new spending 2021-07-16T04:00:00Z He warned that the spending must somehow be financed without adding to the national debt. U.S. Senate braces for 'hell of a fight' over Biden's infrastructure plan 2021-07-12T04:00:00Z The groups said some of the pay-fors identified in the bipartisan blueprint should be used to pay down the national debt. Business groups, unions join together on infrastructure plan 2021-07-08T04:00:00Z At its heart is a dysfunctional electricity sector, responsible for almost half of the country's national debt. Lebanon’s ‘suffocating’ darkness 2021-07-01T04:00:00Z Republicans, fretting again over the national debt, skate over the role of their tax cuts for the wealthy. Column: How the University of California outfoxed Catholic hospitals on religious medical restrictions 2021-07-01T04:00:00Z While McConnell and his GOP colleagues wring their hands over the national debt, they carefully gloss over the fact that their own policies bear major responsibility for it. Column: McConnell complains about national debt, but blames it on assistance for ordinary Americans 2021-06-29T04:00:00Z "I think defaulting on the national debt should be regarded as unthinkable," Yellen said in testimony to a Senate Appropriations subcommittee. Yellen says without debt limit hike, U.S. could face August default risk 2021-06-23T04:00:00Z In addition, we must still pay off the interest on the national debt, for another $7,000, plus $36,000 on other assorted mandatory programs. Who’s Afraid of Big Numbers? 2021-06-17T04:00:00Z Conservatives point to the growing national debt, which increased significantly during the administration of former President Donald Trump, as a reason not to pass the bill without clear-cut funding. White House starts video series on crumbling infrastructure in McConnell’s home state 2021-06-14T04:00:00Z The pandemic pushed the country back into recession in 2020 and the national debt is expected to reach nearly 209% of annual output this year, according to the European Commission. Greece taps markets for 4th time in 2021, raises 2.5bn euros 2021-06-09T04:00:00Z “Our national debt is now larger than the size of our entire economy for the first time since World War II,” he said in February. Column: McConnell complains about national debt, but blames it on assistance for ordinary Americans 2021-06-29T04:00:00Z The budget projects an additional $14.5 trillion would be added to the national debt over the course of the next decade. Biden’s $6 Trillion Budget Aims for Path to Middle Class, Financed by the Rich 2021-05-28T04:00:00Z Even though the Democrat will propose a number of tax increases and other methods to raise revenue, the plan would bring the national debt to record highs within the next few years. President Biden to propose $6tn spending plan 2021-05-28T04:00:00Z The national debt surpassed the size of the economy last year, and it shows no sign of shrinking. Biden’s Budget Sees Low Inflation, Rising Debt and Slow Economic Growth 2021-05-27T04:00:00Z Even if interest rates stay low, payments on the national debt would consume an increased share of the federal budget. Biden to Propose $6 Trillion Budget to Make U.S. More Competitive 2021-05-27T04:00:00Z |
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