The Foreign Holders of the Ballooning US Debt: They’re Buying, But Don’t Keep Up
Written by Wolf Richter China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite. The question that’s on everyone’s mind is how long foreign investors will continue to support the US Treasury debt that has now ballooned to $34.75 trillion and will nail $35 trillion over the next few […]
IMF sounds alarm on ballooning US national debt: ‘Something will have to give’
Philip Swagel, director of the Congressional Budget Office, is analyzing where lawmakers stand to rein in the rise in debt. The astronomical rise in US government debt poses “significant risks” to the global economy and could continue to fuel high inflation, a new warning from the newspaper has revealed. international monetary fund. The Washington-based agency […]
Biden’s blind spot: President’s record on ballooning cost of living makes voters sour
President Joe Biden appears to have a blind spot on the ballooning cost of living that many voters are feeling in their daily lives, according to a new poll released Saturday. The poll found the majority of voters believe Biden has harmed the country in terms of the economy, rather than helped. Voters complained that […]
Biden’s Climate Agenda Is Contributing To Ballooning Deficit, CBO Says
President Joe Biden’s massive climate change policies are contributing to the ballooning federal budget deficit, according to the Congressional Budget Office (CBO). The administration’s green spending, Vice President Kamala Harris recently Estimation It costs $1 trillion and contributes to the growing federal deficit. according to In a new CBO report assessing the nation’s budget outlook […]