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National Debt

All articles tagged with #national debt

politics22 days ago•26 min saved

Voters fear debt, but 2026 midterms may stall fiscal reforms

American voters are deeply concerned about the national debt, yet legislative action remains limited. With the debt exceeding $40 trillion, a new survey shows 92% of registered voters worry about its impact on living costs. However, significant fiscal reforms are unlikely before the November 3 midterms. Lawmakers may only raise the debt ceiling during the lame-duck session, potentially without addressing underlying spending issues, as political divisions deepen.

via MarketWatch|

#debt-ceiling #fiscal-policy #midterm-elections

politics23 days ago•8 min saved

Cartoonist Drew Sheneman Depicts National Debt as a Monster in New Political Illustration

Drew Sheneman released a new political cartoon on September 20, 2026, titled 'Biden’s monster.' The illustration, published by Daily Kos and distributed via Tribune Content Agency, visually represents the U.S. national debt as a monstrous entity. The piece is tagged with topics including debt, deficit, economy, and inflation, reflecting ongoing concerns about fiscal policy and economic stability under the Biden administration. The cartoon serves as a commentary on the perceived growth of the national debt, linking it to broader economic issues such as inflation.

via Daily Kos|

#economy #inflation #national-debt

politics26 days ago•5 min saved

Economists and Critics Call Trump's $5,000 Dividend an Unfunded Political Tool

President Trump's pledge to issue $5,000 checks to Americans if Republicans retain Congress is widely viewed as unfeasible. Former CBO director Douglas Holz-Eakin cites a lack of legal authority and insufficient tariff revenue, while critics argue the promise serves primarily as a voter turnout incentive rather than a viable fiscal plan.

via Fox News|

#economic-policy #fiscal-policy #midterm-elections

politics28 days ago•4 min saved

Voters and GOP leaders clash over feasibility of Trump's $5,000 dividend pledge

President Donald Trump has proposed sending $5,000 checks to every adult US citizen if Republicans retain control of Congress in the November 2026 midterms. While the $1.2 trillion plan aims to energize voters, it faces skepticism from the public and internal friction within the GOP due to funding gaps and the appearance of an electoral quid pro quo.

via foxnews.com|

#fiscal-policy #midterm-elections #national-debt

politics29 days ago•3 min saved

Midterm election outcome could trigger a 2027 debt ceiling standoff

Analysts project the U.S. will hit the $41.1 trillion debt ceiling in 2027, creating a potential fiscal crisis. The November 2026 midterm election will determine whether Democrats or Republicans control Congress, shaping the likelihood of a standoff. Republicans are divided on raising the limit without spending cuts, while Democrats view it as leverage against the White House. A pre-emptive raise during the lame-duck session is being debated but faces significant resistance from fiscal conservatives.

via CNBC|

#congress #debt-ceiling #fiscal-policy

economy1 month ago•22 min saved

GOP eyes payroll-tax tweak to avert Social Security cliff

Facing a looming Social Security shortfall, some Republicans are weighing a payroll-tax cap increase as a way to stave off deeper retirement-benefit cuts, signaling a rare openness to tax hikes within the GOP and fueling debate about how to shore up the trust fund before its 2032 depletion.

via The Washington Post|

#economy #government-debt #government-pensions-and-social-security

economic-policy1 month ago•19 min saved

Debt crosses $40 trillion as Washington faces hard fiscal choices

America's national debt has surged past $40 trillion as chronic deficits keep the government borrowing, and a bond-market sell-off signals higher borrowing costs ahead; with political will fractured, lawmakers face unpalatable choices on taxes and spending as elections loom, raising fears of a debt spiral if reforms stall.

via The Washington Post|

#economic-policy #fiscal-policy #government-budget-deficits

politics1 month ago•14 min saved

Vance Blames Biden for $40T Debt, Sparks Online Backlash

Sen. JD Vance blamed the Biden administration for the U.S. debt reaching $40 trillion, arguing the debt grew faster than GDP and hinting at a plan to spur growth; his remarks sparked a social-media backlash over the ongoing blame game, while Reuters data show debt rose about $8.4 trillion during Biden’s term and roughly $11.6 trillion under Trump, highlighting bipartisan responsibility for the debt.

via HuffPost|

#biden-administration #economy #jd-vance

economy1 month ago•2 min saved

Debt Tops $40 Trillion as Four Charts Put the Trend in Context

The U.S. national debt has surpassed $40 trillion, up from about $5.8 trillion in 2000, equating to roughly $116,800 per person. Debt growth has accelerated across presidential terms, with the largest dollar increase under Biden; deficits rose notably during the pandemic era as spending expanded. The article uses four charts to contextualize the rising debt and the disappearance of federal surpluses since 2001.

via WTAE|

#data-visualization #deficits #economy

economy1 month ago•2 min saved

US national debt crosses $40 trillion, with charts outlining its rise

US debt has topped $40 trillion, up from about $5.8 trillion in 2000 (roughly $116,800 per American) and has grown nearly 600% since 2000; four charts show the rise, how deficits and spending evolved under Obama, Trump and Biden (Trump up 39.1% in his term, Biden up 30.5%), and the largest dollar increase of $8.45 trillion during Biden’s presidency, with the last federal surplus in 2001 and a graphic comparing $1 trillion to median household income.

via WCVB|

#deficits #economy #fiscal-policy

economy1 month ago•2 min saved

US debt breaches $40 trillion, charts trace the long ascent

The U.S. national debt has surpassed $40 trillion according to Treasury data, marking roughly a 600% increase since 2000 and about $116,800 per American. Four charts illustrate the growth, debt by president (Obama, Trump, Biden), the shift from deficits (last surplus was 2001) to spending, and a visualization comparing $1 trillion to median household income, with COVID-19 spending driving much of the rise; Biden's term accounts for the largest dollar increase at about $8.45 trillion, followed by Trump and Obama by percentage terms.

via WMUR|

#covid-19-impact #debt-by-president #economy

politics1 month ago•14 min saved

Scarborough Slams Trump Over $40 Trillion Debt Milestone

MSNBC's Joe Scarborough used a Treasury Department report showing U.S. debt at a record $40 trillion to rebuke Donald Trump's spending promises, noting the debt rose by about $7.8 trillion during his first term and $3.8 trillion since his second term, arguing Trump bears a sizable share of the burden and warning that unchecked deficits could devalue the dollar.

via HuffPost|

#debt #donald-trump #joe-scarborough

economy1 month ago•40 min saved

US debt crosses $40 trillion earlier than analysts expected

The U.S. national debt surpassed $40 trillion per the Treasury, reaching the milestone months sooner than forecasters expected, in part due to lost revenue from invalidated tariffs. The debt ceiling sits at about $41.1 trillion and is expected to be reached early next year, a development that has spooked markets as investors dump Treasuries amid higher borrowing costs.

via The Washington Post|

#debt-ceiling #economy #fiscal-policy

economy1 month ago•32 min saved

US national debt climbs to $40T, growing about $90k per second

The U.S. national debt has risen to a record $40 trillion, a level economists and lawmakers expect will continue to grow, with the debt expanding by roughly $90,000 every second according to data from a U.S. Congress joint committee.

via wjla.com|

#40-trillion #90k-per-second #congress-data

national1 month ago•11 min saved

Debt surge could hit family budgets, student loans, and retirees

With the national debt nearing $40 trillion, economists warn persistent deficits will raise borrowing costs and affect everyday finances: higher student-loan payments, pricier mortgages, and potential Social Security cuts unless policy changes occur. The Conference Board’s analysis notes a 2028 incoming student with a $45,000 loan could owe about $279,000 (or roughly $466,000 in extreme rate conditions); a $600,000 home with 20% down could total around $2.89 million (rising to about $3.64 million in a shock scenario); and Social Security insolvency could occur by 2032 unless taxes rise or deficits shrink. Small-business lending would also face higher costs, and lawmakers have largely stalled on decisive action.

via The Center Square|

#deficits #mortgages #national