Ken Griffin Says Trump's Tax Cuts Were a $4.1 Trillion Mistake
Ken Griffin says Republicans erred by renewing Trump's tax cuts without fiscal room, as U.S. debt hits $40.4 trillion and interest payments top $1 trillion.
Topic
National Debt
Topic
National Debt
U.S. Debt Interest Now Costs $2.9 Billion a Day, Treasury Says
Net interest on U.S. debt hit $1.05 trillion in fiscal 2026 — $2.9 billion a day — growing faster than spending, revenue and GDP,…
IMF's Georgieva: Growth Alone Won't Fix $40 Trillion US Debt
IMF chief Kristalina Georgieva says the U.S. must tighten fiscal policy because growth 'cannot deliver fast enough' against more…
U.S. National Debt Tops $40 Trillion but Trails Japan on Debt-to-GDP
The U.S. national debt crossed $40 trillion in August, more than double China's $18.7 trillion. Economists warn the debt-to-GDP r…
CBO Chief: US Needs 5%-6% Growth to Fix Debt—Not Bessent's 3%
CBO Director Phillip Swagel says real GDP growth of 5%-6% is needed to stabilize the $40 trillion U.S. debt, far above Treasury S…
French Bonds Post Worst Decade Since 1803 as Debt Hits €3.5 Trillion
French 10-year bonds just logged their worst nominal-return decade since 1803, Deutsche Bank says, as the deficit hits 5.4% of GD…
10-Year Yield Above 5% Trashes CBO Forecasts and Turns Debt Doves Into Hawks
The 10-year Treasury yield topped 5%, blowing past CBO forecasts of 4.1%. Interest costs could hit $2.7 trillion a year, and form…
Stabilizing $40 Trillion Debt Would Add $36,000 to Household Income
A CRFB report says stabilizing the debt-to-GDP ratio would deliver nearly $36,000 more annual income per household versus a high-…