US Debt To Exceed $54 Trillion In A Decade
As a result of growing costs associated with its aging population and increased interest payments due to rising interest rates, the US national debt may increase by $19 trillion over…
Wealthy Nations Heading To Fiscal Death Due To Debt – Art Laffer
Major economies that neglect to address their mounting debts will suffer a “fiscal death,” the head of venture capital firm Laffer Tengler Invesments, Arthur Laffer, has cautioned. In an interview…
US Debt On Course For Interest Payments To Exceed Defense Spending
According to a new research note from Capital Group, the US government’s debt pile continues to grow every day, and it is possible that soon the government will be spending…
US National Debt Grows $2.6 Trillion In Six Months
According to new data from the US Treasury Department, the US national debt has continued to climb, increasing by $2.6 trillion in the six months through December bringing the total…
Developing Nations Threatened By Record Debt Service Payments
According to the newest World Bank Report, in 2022, as interest rates surged to the highest rates in four decades, developing nations spent $443.5 billion servicing their external debt, a…
World Facing A Tsunami Of Debt Next Year
This week Bloomberg reported that next year may see sovereign bond sales increase as budget deficits increase across the developed world. The outlet noted that as this is happening, central…
The Next Year Will See $7.6 Trillion In Government Debt Mature
According to an analysis by asset management firm Apollo, almost a third of all outstanding US government debt is poised to mature in the next 12 months. Chief Economist Torsten…
Ukraine Invests Half Of US Financial Assistance Into US Debt
On Wednesday, RIA Novosti reported that since the start of the war between Ukraine and Russia, data from the US Treasury and the Ukrainian Finance Ministry shows that Ukraine has…
Bloomberg Finds US Debt Costs $1 Trillion Per Year
A new Bloomberg report this week has found that it appears the yearly interest payments on the US national debt have surged to above $1 trillion as of the end…
Moody’s Downgrades US Outlook From Stable To Negative
On Friday, Moody’s, the international credit rating agency, downgraded its outlook on the US from “stable” to “negative,” pointing to massive fiscal deficits, and a significant diminution in debt affordability…
