national debt

Elon Musk has drawn an intriguing comparison between the Federal Reserve and the rules of Hasbro‘s (NASDAQ:HAS) game Monopoly, suggesting that the Federal Reserve operates in a similar manner to the game’s bankruptcy rules. What Happened: On Sunday, Musk took to social media platform X...

The initiative for a bipartisan commission to address the United States' escalating $34.6 trillion debt appears to be stalling in Congress. What Happened The bipartisan commission, an idea advocated by Speaker of the House Mike Johnson since his inauguration, has encountered resistance from...

The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy. What Happened: The U...

Tesla and SpaceX CEO Elon Musk has expressed growing concern about the future of the U.S. dollar, citing the escalating national debt as a potential catalyst for an impending economic crisis. What Happened: On Friday, Musk was replying to a user on X, formerly Twitter, when he voiced his...

International Monetary Fund (IMF) deputy chief Gita Gopinath raised concerns about the United States’ burgeoning public debt, emphasizing the urgency of reducing the federal deficit from its current 7% of GDP. “The U.S. is running [a] very large deficit for a country with a strong...

The U.S. has accumulated a huge pile of debt, and this has raised an alarm among economists and the American public alike. Tesla CEO Elon Musk on Friday suggested a quick fix for the problem. What Happened: A X platform user shared the U.S. debt clock, which showed a staggering $34.65 trillion in...

Ken Griffin, the founder of Citadel, has cautioned investors about the future of the U.S. economy, predicting modest growth and highlighting the mounting national debt as a significant issue. What Happened: In a letter to investors on Monday, Griffin expressed his concerns about the economic...

A leading Wall Street investment strategist highlighted the exponential increase in the U.S. government debt as the primary cause for the continued rise of assets with finite supplies, such as gold and Bitcoin (CRYPTO: BTC), which appear to be on track to reach their all-time highs. This insight...

The new year hasn’t brought any respite from the mounting debt burden of the U.S., and the Treasury’s debt tracker shows that the national debt surpassed $34 trillion for the first time ever last week. What Happened: The national debt, currently at $34 trillion, crossed...

Moody's Investors Service has downgraded the outlook on the U.S. government's ratings from stable to negative. The Friday decision underscores growing apprehensions about the nation's ability to manage its finances in an environment of escalating interest rates and substantial...

The national debt keeps rising to a point where the number doesn’t even sound real. Where is the U.S. government going to get $33 trillion anyway?  Well, it turns out that stabilizing the U.S. national debt might require each American to contribute about $2,400 per year...

Economist Peter Schiff, a known gold bull, on Monday took to Twitter to slam the federal government’s extravagant spending and voiced his opposition to raising the debt ceiling. The debt ceiling is a limit on the total money the federal government can borrow through the sale of treasury...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk said that the actual U.S. national debt is almost three times the size of the economy at $60 trillion, and “something has got to give.” What Happened: Musk — the world’s richest person — made the comments on Twitter in response...

U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Thursday that under "the most conservative" scenario there may be a chance the federal government has a cash flow "issue" in early September. What Happened In the event the U.S. government runs out of cash in...

Yet another $840-billion U.S. federal deficit in 2018 has pushed the national debt to $21.8 trillion as the year draws to a close. While most Americans are finalizing their 2018 finances in the last several weeks of the year in preparation for 2019 tax season, Benzinga took a look at just how much...