If You Think the U.S. National Debt Is $40 Trillion, You're Off by $130 Trillion

Vance: Bessent has ‘very discreet plan’ to shrink $40 trillion national debt

Vice President Vance said Thursday night that Treasury Secretary Scott Bessent has a “very discreet plan” to shrink the nation’s debt. “He [Bessent] has had a very discreet plan, of course, supported by the president of the United States, to get the United States to a point where our economy is growing faster than our…

Scott Bessent cannot save the bond market from Congress’s $40 trillion national debt

One month after the bond market went ballistic, with the 10-year Treasury yield breaching 4.7% and the 30-year Treasury yield skyrocketing to 5.17%, the market is now well and truly imploding. The benchmark 10-year hasn’t come down, and the 30-year has catapulted toward 5.3%, hitting its highest level since before the Great Recession. The financial…

How the U.S. Went $40 Trillion in Debt