National Debt Surpasses $33 Trillion
The U.S. Gross National Debt Surpassed $33 Trillion, A Troubling Benchmark As Lawmakers Show Little Interest In Reining In Spending, Let Alone A Balanced Budget.
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Committee for a Responsible Federal Budget
‘Wake-Up Call’: Top Credit Agency Downgrades U.S. Rating
One Of The Top International Credit Rating Agencies Has Downgraded The United States Government’s Credit Rating From The Highest Level Of AAA Down One Tier To AA+, A Serious Economic Signpost As U.S. Debt Continues To Soar And Deficits Remain Elevated.
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Feds Borrowed Over $5 Billion Per Day As Programs Faced Insolvency
Budget Groups Continue To Release Dire Forecasts For The Explosive Growth Of The U.S. National Debt. The U.S. Treasury Reported A $1.4 Trillion Deficit So Far Nine Months Into Fiscal Year 2023.
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Feds Borrowing $6 Billion Per Day, Budget Group Says
The U.S. Congressional Budget Office Said Monday The Federal Government Has Accumulated More Than A Trillion Dollars In Debt Only Six Months Into The Fiscal Year.
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Debt Ceiling Sets Up Major Battle In Congress
U.S. Secretary Of The Treasury Janet L. Yellen Sent A Letter To Congressional Leaders Thursday Notifying Them That The Agency Has Begun Taking “Extraordinary Measures” As The Federal Government Bumps Up Against Its Debt Limit Of Just Over $31 Trillion.
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Biden’s Student Loan Deferment Will Cost Taxpayers $40 Billion, Group Says
The Biden Administration Is Again Deferring Repayment Of Student Loans Until President Joe Biden’s Student Loan Forgiveness Executive Action Makes Its Way Through The Courts, But A New Analysis Found That Decision Will Cost Taxpayers Billions Of Dollars In Unpaid Interest.
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Federal Deficit Hit $1.4 Trillion In Fiscal Year 2022, Nearly 50% Above Pre-Pandemic Level
The Biden Administration On Friday Released Its Budgetary Data For The Last Month Of Fiscal Year 2022 Which Showed The U.S. Government Ran Up A Roughly $1.4 Trillion Deficit. That Is An Average Of Nearly $120 Billion In Added Debt Every Month.
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Student Loan Cancellation Will Cost More Than $400 Billion
The Congressional Budget Office Released An Official Cost Estimate For President Joe Biden’s Student Loan Cancellation, Putting The Cost At More Than $400 Billion.
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Gov. Lee Joins 21 GOP Governors Asking Biden To Withdraw Student Loan Forgiveness Plan
President Joe Biden’s Student Loan Forgiveness Plan Will Be Costly For American Taxpayers, A Coalition Of GOP Governors Said In A Letter Sent Monday To The White House. The Letter, Signed Tennessee Governor Bill Lee And An Additional 21 GOP Governors, Tells Biden To “Withdraw” The Plan, Citing Cost Estimates Of Up To $600 Billion, Or $2,000 Per American Taxpayer.
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Student Debt Will Rise To Pre-Cancellation Levels In Less Than A Decade, Budget Group Says
It Will Take Less Than A Decade For Student Loan Debt To Return To The Level It Was At Before President Joe Biden Canceled Nearly Half A Trillion Dollars Of The Debt At Taxpayer’s Expense, A New Report From A Leading Budget Group Says.
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