Feds Run Third-Largest National Debt Ever as Interest Payments Eclipse $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024, and paid over $1 trillion just on interest payments on the debt. This is the kind of borrowing...
The National Debt in Perspective
U.S. government borrowing and spending never stops. The federal government ran another big deficit in June, as the national debt inches closer to $35 trillion. $35 trillion. Trillion with a ‘T.’ That’s an unfathomable number. It’s meaningless...
Feds Run Record-Breaking November Budget Deficit
The federal government just ran the largest November budget deficit in history. And it managed this feat even with a 9 percent increase in government receipts. The November budget shortfall came in at $314.01 billion, according to the Monthly Treasury Statement. That...