Budget Deficit

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John Waldron, the president and COO of Goldman Sachs, believes the country’s lack of control over it’s debt could risk a Truss-style economic crisis, he said at Semafor’s World Economic Summit on April 18.
Finance

The $34 trillion U.S. debt is nearly as big as the economy and there’s (still) no plan to fix it

By
May 1, 2024
French President Emmanuel Macron (R) and JP Morgan CEO Jamie Dimon (L) react during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris.
Finance

U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?

By
April 26, 2024
Jerome Powell
Finance

After Jerome Powell warns of ‘unsustainable’ $34 trillion national debt ‘growing faster than the economy,’ CBO projects record 116% of GDP by 2034

By Fatima Hussein, Josh Boak and The Associated Press
February 8, 2024
Legendary investor Paul Tudor Jones says a ‘debt bomb’ is about to go off in the U.S. ‘We’re fast-pouring consumption like crazy’
Finance

Legendary investor Paul Tudor Jones says a ‘debt bomb’ is about to go off in the U.S. ‘We’re fast-pouring consumption like crazy’

By
February 7, 2024
Goldman’s strategy guru says we’ve begun a rocky ‘post-modern’ cycle in the world economy—and AI could save the day from raging conflict, higher rates, and surging deficits
Finance

Goldman’s strategy guru says we’ve begun a rocky ‘post-modern’ cycle in the world economy—and AI could save the day from raging conflict, higher rates, and surging deficits

By
February 6, 2024
NYSE broker
Finance

With the deficit hitting $1.39 trillion, a ‘sobering’ 170% increase, traders are bracing for a $102 billion auction of Treasury bonds

By Liz Capo McCormick and Bloomberg
July 31, 2023
Biden slams House Speaker McCarthy’s debt plan as ‘huge cuts to important programs’ used by millions of Americans
Politics

Biden slams House Speaker McCarthy’s debt plan as ‘huge cuts to important programs’ used by millions of Americans

By Lisa Mascaro, Kevin Freking, Josh Boak and The Associated Press
April 19, 2023
Biden to propose budget that aims to cut deficits by $3tn in challenge to Republicans
Politics

Biden to propose budget that aims to cut deficits by $3tn in challenge to Republicans

By Josh Boak and The Associated Press
March 9, 2023
Newt Gingrich and Bill Clinton
Finance

A Harvard professor who helped Bill Clinton balance the budget in the 1990s says Kevin McCarthy will struggle to keep that promise

By Linda J. Bilmes and The Conversation
February 1, 2023
Larry Summers
Finance

Larry Summers warns of a dreaded economic ‘Doom Loop’ and says America should pay close attention to the UK’s troubles

By Christopher Anstey and Bloomberg
October 21, 2022
Treasury Department building
Politics

The U.S. budget deficit fell to $165 billion in October, down 42% from last year

By Matt Ott and The Associated Press
November 10, 2021
U.S. budget deficit hits $2.77 trillion in 2021
Politics

U.S. budget deficit hits $2.77 trillion in 2021

By Martin Crutsinger and The Associated Press
October 22, 2021
U.S. Troops in Afghanistan
Politics

The cost of wars in Afghanistan and Iraq could be trillions more than people think

By
September 1, 2021
Senators speaking about infrastructure bill
Politics

Infrastructure bill heads for final Senate vote, amid warnings from CBO and deficit hawks

By
August 10, 2021
Representative Albio Sires spoke on May 12 at a news conference about infrastructure in Washington, D.C.
Politics

$1.2 trillion infrastructure negotiations prove deficit hawks have flown the coop

By
June 10, 2021

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