The Latest Breaking News from National Debt

Republicans in the U.S. House of Representatives want to make big cuts to the federal budget as a condition of raising the national debt ceiling. Where do they want to start? Food stamps, of course. And that could have a big impact on Kansas and Missouri.

US federal debt currently stands at a staggering US$31.4 trillion (£25.2 trillion), the highest it’s ever been. That matters because it’s approaching the maximum limit that the government is legally allowed to borrow.

Forecast by Washington-based body puts at risk Rishi Sunak’s pledge to cut debt as share of GDP

You’ve got to laugh when the Tories falsely claimed Britain was bankrupt under Labour, despite national debt being more of a steep hill than today’s mighty mountain

“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes

President Joe Biden’s proposed budget for the federal fiscal year that starts on Oct. 1 would spend $6.8 trillion off revenues of only $5 trillion in taxes collected. The imbalance, a $1.8 trillion deficit, would get added to the national debt of $31.4 trillion that has been building since 1789.…

Here’s a dirty secret: both Republicans’ debt hysteria and Biden’s proposed tax hikes are pure theater. Neither will happen

The national debt grew by more than $4 trillion in 2020 alone.

One economist noted that the measure is backed by the "same members who are pushing us to a debt limit crisis"

Budget analysts give July to September default prediction

President Joe Biden plans to go on the offensive against Republicans by saying their policies would add $3 trillion to the national debt