The Congressional Budget Office’s (CBO) latest budget and economic outlook includes a troubling projection for net inte ...
The country risks an economic "heart attack" if lawmakers are unable to reel in the national debt, warns one hedge fund ...
This higher debt would also further explode interest payments. Already, interest costs have exceeded spending on Medicare and ...
A financial watchdog group is warning that the U.S. debt could 'explode' if tax policies under discussion in the White House ...
Rising deficits and interest costs impede economic growth and undermine global trust in the dollar.
Fiscal hawks warn that deficits produce higher inflation rates and higher interest rates that harm the poor the most.
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CBO also projected that the cost of interest payments alone on the national debt will rise to 4.1% of GDP by 2035, well ...
South Africans face significant debt challenges as they enter 2025, but recent trends indicate a shift towards renewed ...
A newly introduced bipartisan bill in Congress would require the U.S. Congressional Budget Office to include the cost of interest payments when calculating the cost of ...
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed ...
The national debt clock in midtown Manhattan on May 25, 2023. Mary Altaffer/AP Photo Excessive borrowing can drive up interest rates, potentially stagnating economic growth, while also limiting ...