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1. fortune.com › 2024/06/24 › national-debt-34-trillionThe national debt is over $34 trillion. It’s time to tell the ...

   fortune.com › 2024/06/24 › national-debt-34-trillion

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   2 days ago · As a result of this economic mismanagement, the U.S. government will pay close to $900 billion this year just in interest payments on the national debt—and, according to Congressional Budget ...

2. www.crfb.org › papers › trump-and-biden-national-debtTrump and Biden: The National Debt-Mon, 06/24/2024 - 12:00 ...

   www.crfb.org › papers › trump-and-biden-national-debt

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   3 days ago · President Trump’s executive actions added less than $20 billion to ten-year debt on net. President Biden’s executive actions have added $1.2 trillion to ten-year debt so far. The President’s budget was on average 39 days late under President Trump and 58 days late under President Biden.

3. Videos

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     Crisis: Behind a Presidential Commitment

     31 Jul 2014

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     The US debt ceiling crisis, explained – BBC News

     10 May 2023

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     5:44

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     How the U.S. national debt reached $31.4 trillion

     23 May 2023

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4. www.washingtonpost.com › trump-biden-national-debtThe national debt is ballooning. The next president probably ...

   www.washingtonpost.com › trump-biden-national-debt

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   3 days ago · The national debt is set to reach historic levels within years, but experts say neither President Biden nor Donald Trump has plans that would stabilize the U.S. financial future.

5. www.axios.com › 2024/06/24 › trump-biden-debtTrump vs. Biden records on running up debt - Axios

   www.axios.com › 2024/06/24 › trump-biden-debt

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   3 days ago · Former President Trump ran up the national debt by about twice as much as President Biden, according to a new analysis of their fiscal track records.. Why it matters: The winner of November's election faces a gloomy fiscal outlook, with rapidly rising debt levels at a time when interest rates are already high and demographic pressure on retirement programs is rising.

6. www.ft.com › content › 31c4e593-070c-4448-a68b-9dffThe US budget is like an aggressive leveraged finance deal

   www.ft.com › content › 31c4e593-070c-4448-a68b-9dff

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   Jun 11, 2024 · The prospect of bipartisan collaboration to tackle rising debt — the abandoned dream of Barack Obama’s National Commission on Fiscal Responsibility — feels more distant than ever.

7. www.wsj.com › articles › the-debt-crisis-is-comingThe National Debt Crisis Is Coming - WSJ

   www.wsj.com › articles › the-debt-crisis-is-coming

   1 day ago · Perhaps the U.S. could continue down this road indefinitely. We could cut taxes, as President Trump did, and increase spending, as both he and President Biden did, without paying a price. As ...

8. People also ask

   Will the next president stop the national debt?

   • The next president probably won’t stop it. The national debt is set to reach historic levels within years, but experts say neither President Biden nor Donald Trump has plans that would stabilize the U.S. financial future. President Biden and former president Donald Trump have been mostly silent about the national debt on the campaign trail.

   The national debt is ballooning. The next president probably won’t stop it

   www.washingtonpost.com/business/2024/06/24/trump-biden-national-debt/

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   Are Biden and Trump silent about the national debt?

   • President Biden and former president Donald Trump have been mostly silent about the national debt on the campaign trail. (Demetrius Freeman and Jabin Botsford/The Washington Post)

   The national debt is ballooning. The next president probably won’t stop it

   www.washingtonpost.com/business/2024/06/24/trump-biden-national-debt/

   See all results for this question

   Will Biden & Trump be able to tackle rising debt?

   • With an election looming, neither Biden nor Trump is promising tight fiscal discipline. The prospect of bipartisan collaboration to tackle rising debt — the abandoned dream of Barack Obama’s National Commission on Fiscal Responsibility — feels more distant than ever.

   The US budget is like an aggressive leveraged finance deal

   www.ft.com/content/31c4e593-070c-4448-a68b-9dff44686356

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   Can Congress slow the debt charge?

   • Congress can’t bring itself to do anything to slow the charge. Demanded yield payments on bonds — the interest rate of national borrowing — continue to rise, as do the costs of servicing the debt, normally handled with more debt. The fear is a day of reckoning that will eventually come.

   U.S. Passes $1 Trillion Quarterly Interest On The Public Debt

   www.forbes.com/sites/eriksherman/2024/05/30/the-us-sailed-past-1-t-quarterly-interest-on-the-public-debt/

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   What drove debt?

   • In the past, they argue, what drove debt was largely due to national emergencies, whether wars, economic disasters, or other constrained singular events. That is no longer the case.

   U.S. Passes $1 Trillion Quarterly Interest On The Public Debt

   www.forbes.com/sites/eriksherman/2024/05/30/the-us-sailed-past-1-t-quarterly-interest-on-the-public-debt/

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   Is the national debt getting higher?

   • It is only getting higher. The national debt is important and a massive amount that, as the Peter G. Peterson Foundation notes, is not just high — the country has been in relatively high levels of debt before — but stratospheric in ways never before true.

   U.S. Passes $1 Trillion Quarterly Interest On The Public Debt

   www.forbes.com/sites/eriksherman/2024/05/30/the-us-sailed-past-1-t-quarterly-interest-on-the-public-debt/

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9. www.forbes.com › sites › erikshermanU.S. Passes $1 Trillion Quarterly Interest On The Public Debt

   www.forbes.com › sites › eriksherman

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   May 30, 2024 · Demanded yield payments on bonds — the interest rate of national borrowing — continue to rise, as do the costs of servicing the debt, normally handled with more debt. The fear is a day of ...