government debt

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The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That's according to an annual report released Wednesday.
Economy

Social Security and Medicare are going broke—and it’s happening faster than previously thought

By Fatima Hussein and The Associated Press
June 19, 2025
Elon Musk shakes hands with U.S. President Donald Trump as they speak to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC.
Economy

‘Kill Bill’: Elon Musk urges Americans to rebel against president’s policy, but White House says his ‘debt slavery’ claims are a hoax

By
June 5, 2025
Tesla CEO Elon Musk and U.S. President Donald Trump
Economy

Musk is on a national debt crusade after slamming Trump’s spending bill: Dimon, Powell, Dalio, and Buffett have all echoed the Tesla CEO’s concerns

By
June 4, 2025
Treasury Secretary Scott Bessent
Economy

U.S. economy will be growing faster than 3% this time next year, predicts Treasury’s Bessent 

By
May 26, 2025
Rep. Nancy Pelosi (D-CA) speaks during a rally opposing House Republicans Tax Proposal prior to the final House Vote on Capitol Hill on May 21, 2025 in Washington, DC
Economy

Trump’s ‘Robin Hood in reverse’ tax bill is driving up the cost of buying a home, Democrats say

By
May 23, 2025
President Donald Trump answers reporters' questions after he posthumously awarded the new Medals of Sacrifice to fallen officers during a ceremony in the Oval Office of the White House on May 19, 2025 in Washington, DC.
Finance

U.S. economy is experiencing ‘death by a thousand cuts’, says Deutsche Bank, as confidence in national debt management erodes

By
May 20, 2025
Shigeru Ishiba, Japan's prime minister and president of the Liberal Democratic Party (LDP), speaks during the party's annual convention in Tokyo, Japan.
Economy

Uncle Sam’s biggest creditor faces a fiscal crisis ‘worse than Greece’ as its borrowing costs hit 20-year high 

By
May 19, 2025
U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade
Finance

U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody’s downgrade

By
May 16, 2025
U.S. Treasury Secretary Scott Bessent listens during a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. U.S.
Finance

Treasury market’s ‘new world order’ brings fear of the long bond

By Michael Mackenzie and Bloomberg
April 27, 2025
Friedrich Merz, leader of the Christian Democratic Union (CDU), at a general election campaign rally in Dresden, Germany, on Thursday, Jan. 30, 2025. Merz, whose CDU/CSU coalition is leading polls by double digits, upended the election campaign Wednesday by accepting votes from the nationalist Alternative for Germany to pass a hard-line migration resolution through parliament.
Finance

Germany topples giant ‘Zero’ monument symbolizing fiscal prudence as new government embraces debt

By
April 11, 2025
Scott Bessent in front of a black background
Finance

America could run out of cash to pay its bills as early as this summer

By Fatima Hussein, Kevin Freking and The Associated Press
March 26, 2025
Elon Musk speaks with President Donald J Trump and reporters in the Oval Office at the White House on Tuesday, Feb 11, 2025 in Washington, DC.
Finance

Government deficit rose 4% in Trump’s first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending

By
March 13, 2025
You’re gonna need a bigger chainsaw to reduce government debt
Commentary

You’re gonna need a bigger chainsaw to reduce government debt

By
February 28, 2025
US President Donald Trump
Finance

Trump claims Elon Musk’s DOGE ‘geniuses’ have found ‘very fraudulent stuff’

By
February 10, 2025
Bill Gates, chair of the Gates Foundation.
Finance

Bill Gates is a fan of DOGE if it means curbing government debt: He says they’ll have to tackle pensions, defense, and health care

By
January 27, 2025

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