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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Maya MacGuineas
‘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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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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U.S. Senate Considers Suspending Federal Gas Tax, But Critics Are Wary
A New Push To Suspend The Federal Gas Tax Has Gained Momentum Amid Soaring Inflation, But Critics On Both Sides Of The Aisle Call It A Temporary Solution That Will Not Solve The Larger Problem.
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