The U.S. national debt has surpassed $40 trillion, raising concerns about spending, borrowing costs and America’s economic future.
Treasury Secretary Scott Bessent tried in vain to spin the country’s astronomical $40 trillion debt on CNBC Thursday. Speaking to the network’s Sara Eisen, Bessent admitted that he didn’t know when the Iran war would end, but that things were otherwise going well with the economy despite the soaring national debt and increasing deficit. “This Iran…
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…
The national debt hit yet another record on Wednesday, and political leaders mostly yawned. It wasn’t always this way. Deficits and debt were among the driving issues of the 1992 presidential campaign, nearly upending national politics. Paul Tsongas, the former liberal senator from Massachusetts, ran for the Democratic presidential nomination on a platform…
The U.S. national debt stood at roughly $85.06 billion at the turn of the 20th century, adjusted for inflation. At the turn of the 21st century, America's outstanding debt was $5.67 trillion — the equivalent of roughly $10.99 trillion today.According to the Department of the Treasury and the Bureau of the Fiscal Service's Fiscal Data dashboard, America's…
There is a lot to unpack about the national debt. Here's a starter guide to what's happening with the national debt right now.
