national debt

U.S. government debt is reaching unsustainable levels, and the latest analysis points to an even more concerning future. A new economic model developed by Bloomberg Economics predicts that in 88% of scenarios, U.S. debt as a percentage of GDP will rise in the coming 10 years. In a Monday letter to...

Ken Griffin, the founder of Citadel, has cautioned investors about the future of the U.S. economy, predicting modest growth and highlighting the mounting national debt as a significant issue. What Happened: In a letter to investors on Monday, Griffin expressed his concerns about the economic...

A leading Wall Street investment strategist highlighted the exponential increase in the U.S. government debt as the primary cause for the continued rise of assets with finite supplies, such as gold and Bitcoin (CRYPTO: BTC), which appear to be on track to reach their all-time highs. This insight...

The new year hasn’t brought any respite from the mounting debt burden of the U.S., and the Treasury’s debt tracker shows that the national debt surpassed $34 trillion for the first time ever last week. What Happened: The national debt, currently at $34 trillion, crossed...

Moody's Investors Service has downgraded the outlook on the U.S. government's ratings from stable to negative. The Friday decision underscores growing apprehensions about the nation's ability to manage its finances in an environment of escalating interest rates and substantial...

The national debt keeps rising to a point where the number doesn’t even sound real. Where is the U.S. government going to get $33 trillion anyway?  Well, it turns out that stabilizing the U.S. national debt might require each American to contribute about $2,400 per year...

Economist Peter Schiff, a known gold bull, on Monday took to Twitter to slam the federal government’s extravagant spending and voiced his opposition to raising the debt ceiling. The debt ceiling is a limit on the total money the federal government can borrow through the sale of treasury...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk said that the actual U.S. national debt is almost three times the size of the economy at $60 trillion, and “something has got to give.” What Happened: Musk — the world’s richest person — made the comments on Twitter in response...

U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Thursday that under "the most conservative" scenario there may be a chance the federal government has a cash flow "issue" in early September. What Happened In the event the U.S. government runs out of cash in...

Yet another $840-billion U.S. federal deficit in 2018 has pushed the national debt to $21.8 trillion as the year draws to a close. While most Americans are finalizing their 2018 finances in the last several weeks of the year in preparation for 2019 tax season, Benzinga took a look at just how much...

The U.S. has been invariably accused of living beyond its means, and a report compiled by the World Economic Forum along with Visual Capitalist confirms the obvious.  Debt-Heavy The U.S. share of global debt is estimated at 31.8 percent, the most of any nation. This is about two...

To most Americans, a $21-trillion national debt and a $779-billion federal deficit may seem like they have no impact on day-to-day life. The more debt the U.S. racks up, the higher the chance that it could impact everyday Americans. The Numbers The latest U.S. budget deficit numbers are...

Starbucks Corporation (NASDAQ: SBUX) co-founder and ex-CEO Howard Schultz is retiring from his coffee chain ahead of what could prove to be a presidential campaign run. What Happened Schultz, 64, said he recognizes a major issue in the Democratic Party in that too many notable voices are "...

President Donald Trump seemed to waver last week on a couple of key official economic positions. Nonetheless, he maintained optimism that any remaining campaign promises will materialize. One by one we are keeping our promises - on the border, on energy, on jobs, on regulations. Big changes are...

Most Americans don't like having credit card debt, but a new survey says over half of U.S. citizens never carry cash, instead relying on credit and debit cards for everyday transactions and purchases. A survey of more than 2,300 American adults by UK-based Vouchercloud.net found 57 percent of...