As debt climbs to $31T, Dems eye new version of Biden spending bill with Manchin’s support
The Democrat-led Congress might still be able to garner enough votes to pass President Biden’s massive spending package, despite already raising federal spending by more than 6% and presiding over record deficit and debt levels.
Russia on verge of $150B debt default as sanctions cripple economy
Russia is spiraling closer to a historic debt default that could ripple throughout the global economy after the U.S. and its European allies hit the Kremlin with a slew of crippling financial sanctions.
US President Imposes Sanctions On Russia As Troops Enter Eastern Ukraine
U.S. President Joe Biden announced new economic sanctions against Russia Tuesday after Russian President Vladimir Putin moved troops into two pro-Moscow separatist areas of eastern Ukraine.
National debt passes $30 trillion for the first time in U.S. history
The U.S. national debt passed $30 trillion for the first time in U.S. history on Tuesday, according to Treasury Department data.
Debt Up $2 Trillion in 1 Year of Biden
When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92.
IMF Warns of Interest Rate Risks as Global Debt Surges to Record $226 Trillion
The International Monetary Fund (IMF) has warned of interest rate risks with regard to the growing mountain of global debt, which jumped to a record $226 trillion in 2020 as governments unleashed unprecedented waves of stimulus spending to blunt the ef…
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