marketcrash
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nationaldebt
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budget deficit
09/22/2023
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By Belle Carter
Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T
The United States gross national debt just exceeded $33 trillion on Friday, September 15, three months after the federal government’s debt eclipsed $32 trillion in June. Additionally, the budget deficit is on track to reach $2 trillion in the current fiscal year. As per financial experts, Americans seemed to have become desensitized to these figures […]
09/21/2023
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By Olivia Cook
U.S. national debt hits $33 trillion mark, with $1 trillion incurred in just the last 3 months
The gross national debt of the U.S. surpassed $33 trillion on Sept. 18 – just three months after hitting the $32 trillion mark. The non-profit Committee for a Responsible Federal Budget (CRFB) said in a press release that on June 15, the federal government’s gross debt eclipsed $32 trillion. By comparison, the national debt was less than a […]
09/12/2023
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By Belle Carter
High interest rates contribute to the doubling of the federal deficit despite Biden’s claim of “strong economy”
The federal deficit has been forecasted to skyrocket to double last year’s $1 trillion to roughly $2 trillion for the fiscal year ending Sept. 30, despite President Joe Biden’s claim of robust and improving overall economic growth because of his government measures. The administration’s claim that the financial status is strengthening came when the deficit […]
06/21/2023
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By Belle Carter
National debt hits record-high $32 trillion two weeks after suspension of debt ceiling
The United States’ gross national debt hit a record-breaking $32 trillion on Friday, June 16, less than two weeks after President Joe Biden signed into law the suspension of debt ceiling. According to the nation’s treasury data, the national debt is currently at $32.03 trillion. The Congressional Budget Office estimates the country’s deficit for the […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
05/01/2023
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By Arsenio Toledo
The American economy cannot afford another four years of a Biden presidency
The economy of the United States would effectively collapse if President Joe Biden gets another full term. This is according to financial expert Carol Roth, who noted in an opinion piece for The Blaze and during an interview with Glenn Beck that the president’s policies have disproportionately affected the American middle class. “[Biden] and his cronies, […]
10/06/2022
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By Arsenio Toledo
US national debt hits $31 TRILLION for the first time
The United States’ gross national debt exceeded $31 trillion for the first time in history. According to data released by the Department of the Treasury on Tuesday, Oct. 4, the total national debt was at $31.123 trillion as of Monday, Oct. 3. The data proves that President Joe Biden’s administration is spending more taxpayer dollars than […]
07/19/2021
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By Franz Walker
Federal government set records for taxes, spending and deficit through May
The government set new records for the taxes it collected, the spending it engaged in and the deficit it ran for the first eight months of fiscal year 2021, according to the Department of Treasury‘s Monthly statement. From October 2020 through May 2021, federal taxes hit a record $2.6 trillion while federal spending climbed to $4.7 trillion. […]
10/06/2020
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By Ramon Tomey
More than half of US states unable to pay their debts – report
A report examining all 50 U.S. states’ fiscal health found that 39 of these do not have enough money to pay their bills. The eleventh edition of the Financial State of the States report, published by non-profit organization Truth in Accounting (TIA), showed that the total debt among all 50 states amounted to $1.4 trillion […]
05/20/2020
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By Ethan Huff
Gavin Newsom says federal government has “moral” and “ethical” obligation to bail out socialist states that have racked up insurmountable debt
After suffering years of financial mismanagement at the hands of Gavin Newsom, and before him, Jerry Brown, California is now in some deep fiscal trouble. But rather than own up to his mistakes and take responsibility for them, Newsom is instead blaming the Wuhan coronavirus (COVID-19) for his poor leadership while demanding that the federal […]
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