Tag #National Debt

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IMF Urges US to Curb Deficit Amid Trump's Tax Cut Bill

The IMF warned the US to curb its growing fiscal deficit, as President Trump's proposed $3 trillion tax cut bill, projected to increase US debt to 125% of GDP within a decade, faces potential passage despite Moody's credit rating downgrade and rising recession probabilities.

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Reduced Inequality
us.cnn.com
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US National Debt Crisis: Looming Economic Consequences

The US national debt has surpassed \$36 trillion, limiting the government's ability to handle future crises; the House GOP bill adds \$3.3 trillion to the deficit over 10 years, increasing interest rates and harming economic growth.

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60% Bias Score

Reduced Inequality
themarker.com
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Republican Bill to Extend Trump Tax Cuts Faces Criticism Amid Debt Concerns

The Republican party is pushing a bill extending Trump-era tax cuts, projected to increase the U.S. national debt by $3.3 trillion, despite warnings from the CBO and Moody's about increased deficits and reduced social safety net programs.

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48% Bias Score

Reduced Inequality
aljazeera.com
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US National Debt Reaches \$36.2 Trillion, Raising Fiscal Stability Concerns

The US national debt stands at \$36.2 trillion (122 percent of GDP), fueled by persistent government deficits and growing by \$1 trillion every three months, raising concerns about long-term fiscal stability.

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24% Bias Score

Reduced Inequality
cbsnews.com
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Trump Administration Spends $220 Billion More in First 100 Days Despite Promised Cuts

Despite promises to cut spending, President Trump's first 100 days saw a $220 billion increase compared to the previous year, driven by mandatory spending and partially offset by smaller cuts, with the national debt reaching $36 trillion.

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52% Bias Score

Reduced Inequality
dailymail.co.uk
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US Treasury's Critical Funds Depletion Risks National Debt Default

The US Treasury's \$280 billion remaining balance, following a record \$286 billion drawdown in March, necessitates immediate action to avert a potential national debt default, given the looming debt ceiling and insufficient funds for crucial programs.

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52% Bias Score

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cnn.com
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US National Debt Crisis: \$3.8 Trillion Increase Exacerbates Economic Risks

America's \$36 trillion national debt, projected to rise by \$3.8 trillion, severely restricts the government's ability to address future crises, impacting borrowing costs, job growth, and economic investment, raising the risk of a debt crisis.

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56% Bias Score

Reduced Inequality
zeit.de
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US House Approves Trump Tax Plan, Projecting Trillion-Dollar Revenue Loss

The US House of Representatives passed President Trump's tax plan, which permanently extends tax cuts for the wealthy, resulting in a projected $3.8 trillion loss in revenue over ten years and cuts to programs like Medicaid.

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56% Bias Score

Reduced Inequality
theglobeandmail.com
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House Republicans Push for Multi-Trillion Dollar Tax Cut Package

House Republicans are pushing for a vote on a tax cut package estimated to increase the federal deficit by $3.8 trillion over a decade, with offsetting spending cuts to programs like Medicaid and SNAP, impacting various income groups differently.

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48% Bias Score

Reduced Inequality
forbes.com
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Moody's Downgrade Impacts Treasury Yields, Increases Borrowing Costs

Moody's downgraded the U.S. credit rating to Aa1 from Aaa on Friday, citing rising government debt, impacting Treasury yields and increasing borrowing costs for consumers and businesses; the Republican party's proposed $4.5 trillion tax cut plan is expected to worsen the situation.

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40% Bias Score

Reduced Inequality
cnn.com
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DOGE's Controversial Approach to US Budget Cuts

The Department of Government Efficiency (DOGE), led by Elon Musk, initiated budget cuts by targeting the US Agency for International Development (USAID), resulting in staff firings and program cuts, while largely avoiding larger, politically sensitive programs like Social Security and Medicare.

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60% Bias Score

Reduced Inequality
cbsnews.com
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Arrington Defends Tariffs Amidst Market Downturn, Urges Spending Cuts

House Budget Committee Chairman Rep. Jodey Arrington discussed the recent market downturn, attributing it to economic transition and tariff adjustments under the new administration. He defended the tariffs as necessary for fair trade and highlighted the need for significant spending cuts to address ...

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56% Bias Score

Decent Work and Economic Growth

Showing 49 to 60 of 75 results