national debt

Donald Trump has won in the 2024 U.S. presidential election, making him the 47th president and the first to secure a non-consecutive second term since Grover Cleveland in the late 1800s. The Republican Party also regained control of the Senate and holds a lead in the House of Representatives, with...

As the U.S. heads into the elections on Nov. 5, economists warn that a Republican victory across the White House and Congress could significantly increase inflationary pressures. The impact, they say, would stem primarily from higher tariffs, a swelling budget deficit and restricted immigration...

As the 2024 U.S. presidential election approaches, the impact of each candidate’s fiscal policies on the national debt is drawing attention. Both former President Donald Trump and Vice President Kamala Harris have proposed expansive tax and spending measures that would deepen the debt —...

As Halloween approaches, LPL Financial warns of six major risks that could spook markets and drive volatility higher in the coming months. In a note shared with clients on Monday, LPL's analysts—including chief equity strategist Jeffrey Buchbinder, chief economist Jeffrey Roach, chief global...

The International Monetary Fund (IMF) painted a concerning picture for the United States’ fiscal outlook, with upward revisions to the budget deficit and mounting worries over the country’s national debt burden. In its latest October Fiscal Monitor, the IMF forecasts a deficit that...

Editor’s note: This story has been updated to remove draft notes that were erroneously included. The International Monetary Fund (IMF) delivered a mixed message on the U.S. economy in its latest World Economic Outlook report. While the Washington-based institution raised its forecast for U.S...

Gold has emerged as the top choice for investors looking to hedge their portfolios in the event of a potential second term for Donald Trump. What Happened: The precious metal has been identified as the best hedge against a possible Trump presidency, according to a Bloomberg Markets Live Pulse...

The International Monetary Fund (IMF) revised its projected economic growth for the U.S. in 2024, lowering it to 2.6%. What Happened: The revision is 0.1 percentage points below the agency’s April projection. The IMF cited a slower-than-expected start to the year and an anticipated cooling...

Federal Reserve Chairman Jerome Powell said Monday the last three inflation reports have bolstered the Fed’s confidence that inflation is moving toward the 2% target, which is the key condition for policymakers to initiate interest rate cuts. “We’re back to a place where inflation...

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on...

At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell emphasized a careful approach Tuesday to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. Speaking on a panel with ECB President Christine Lagarde and Central...

A new report outlines how President Joe Biden added $4.3 trillion to the national debt with seven months left in his term while his opponent, Ex-President Donald Trump, added $8.4 trillion to the U.S. national debt during his time in office. The Data: The non-partisan Committee for a Responsible...

The Congressional Budget Office (CBO) is once again sounding the alarm on the rising federal deficit, highlighting a growing financial strain for the U.S. government. Escalating interest costs are set to outpace defense spending for the first time. This trend is expected to keep budget deficits at...

Treasury Secretary Janet Yellen affirms that the current U.S. debt load is manageable, provided it remains at its current level relative to the economy. What Happened: On Thursday, Yellen stated in a CNBC interview that the burgeoning national debt is manageable as long as it stays around where it...

Jamie Dimon, CEO of JP Morgan Chase & Co. (NYSE:JPM), raised concerns about the perilous state of the U.S. fiscal deficit, which has swelled to a staggering $1.9 trillion in 2024. This deficit, amounting to over 6% of the nation's GDP, shows no signs of diminishing in the coming years. “...