Debt alarm: US national debt hits record $37 trillion, pace doubles with trillion added every five months
Wednesday, 13 August 2025 () The US national debt has surpassed $37 trillion, exceeding pre-pandemic forecasts due to Covid-19 spending and recent tax cuts. Experts warn that this rapid debt accumulation will lead to higher interest rates, reduced private sector investment, and increased borrowing costs for Americans, urging policymakers to take swift action to address the growing financial strain.
A massive new tax and spending bill, championed by Donald Trump as his "big, beautiful bill," has cleared major congressional hurdles and is now facing a final, contentious vote. The legislation..
In a high-stakes showdown on Capitol Hill, U.S. Senators clash over President Donald Trump's massive $4.5 trillion “One Big Beautiful Bill.” The controversial package includes extensions of..
Donald Trump called Elon Musk a “wonderful guy” even after the Tesla CEO publicly criticized his $3.3 trillion tax and spending bill, slammed the $5 trillion debt ceiling hike, and even linked..
Wednesday, 13 August 2025 ()
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