Tag #National Debt

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Australia's National Debt to Surpass $1 Trillion by 2026

Australia's national debt is projected to exceed \$1 trillion by 2026, with interest payments reaching \$24.4 billion in the last financial year alone, the fastest-growing budget expense, raising concerns among economists.

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abcnews.go.com
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U.S. Budget Deficit Rises Despite Record Tariff Revenue

The U.S. July budget deficit rose 20% despite record tariff revenue, reaching $21 billion more than last year. Increased government spending on interest payments and social security outpaces revenue gains; the national debt nears $37 trillion.

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edition.cnn.com
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Trump's Tax Bill: Short-Term Relief, Long-Term Debt Concerns

President Trump signed the "One Big Beautiful Bill" into law on July 4, averting a tax hike and resolving market uncertainty, but increasing the US national debt and fueling concerns about long-term economic health; investors expect no significant market boost, despite short-term relief.

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dailymail.co.uk
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UK's Soaring Debt Leaves Nation Vulnerable to Bond Market Volatility

The UK's soaring national debt, fueled by unmet deficit reduction targets and rising welfare costs, is making the country increasingly vulnerable to bond market volatility, as highlighted by the recent turmoil surrounding potential cuts to welfare reforms.

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it.euronews.com
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US House Passes Republican Tax and Spending Bill, Increasing National Deficit

The US House passed a Republican-backed $4.5 trillion tax and spending bill, including significant tax cuts, increased border security funding, and cuts to Medicaid and SNAP, despite Democratic opposition; the bill is expected to increase the national deficit.

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dw.com
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Trump's "Big Beautiful Bill" Passes Congress, Increasing US National Debt

After months of White House lobbying, the US Congress passed Donald Trump's "Big Beautiful Bill," a tax and spending bill totaling $4.5 trillion in tax cuts, $178 billion for border security, and $153 billion for defense, while reducing healthcare and social programs funding and increasing national ...

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us.cnn.com
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US to Use $100 Billion in Tariff Revenue for Debt Reduction, Rejecting Rebate Checks

Treasury Secretary Scott Bessent announced that $100 billion in tariff revenue will be used to pay down the national debt, rejecting proposals for rebate checks; he expects significantly higher tariff revenue than the $300 billion initially projected.

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theguardian.com
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Trump's Tax Bill to Add $3.4 Trillion to National Debt

Trump's new tax bill, signed earlier this month, will add $3.4tn to the national debt over 10 years, despite $1.1tn in savings from Medicaid and food stamp cuts. The bill includes permanent tax cuts from 2017, increased border security funding, and eliminates renewable energy tax credits, resulting ...

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sueddeutsche.de
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US National Debt Doubling Sparks International Concerns

The US national debt has doubled to \$36.6 trillion in 10 years, prompting international concern about US fiscal policy and potential future crises, despite current assessments that a crisis is not imminent. Experts like Kenneth Rogoff predict high inflation within 5-7 years.

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forbes.com
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US National Debt Reaches Record High Following Passage of One Big Beautiful Bill

The One Big Beautiful Bill has increased the US federal debt to over \$40 trillion, raising concerns about the debt-to-GDP ratio exceeding 124 percent. Historical precedent offers mixed outcomes, with some nations overcoming high debt through technological advancements while others experienced stagn...

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dw.com
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Trump's Tax Law: $4.5 Trillion in Cuts, Millions to Lose Medicaid

President Trump signed a tax law extending $4.5 trillion in tax cuts, causing an estimated 12-17 million Americans to lose Medicaid coverage; the bill passed the House 218-214 after an 8-hour Democratic filibuster and increases military spending by billions, including $25 billion for the "Golden Dom...

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theglobeandmail.com
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U.S. Job Growth Masks Underlying Economic Weakness as Massive Budget Deficit Looms

In June, the U.S. added 144,000 jobs, lowering unemployment to 4.1 percent; however, job gains were concentrated in specific sectors, and the decrease in the unemployment rate was due to fewer people seeking work. The recently passed budget bill, with large tax cuts for higher earners and cuts to so...

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Showing 1 to 12 of 75 results