US national debt hits record high
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Investors buying stocks with borrowed money suggests confidence that the market will keep rising. If only that were true.
The U.S. government’s gross national debt surpassed $38 trillion on Wednesday—just two months after it reached $37 trillion—which comes as the government continues to navigate the federal shutdown.
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National debt surpasses $38 trillion milestone for first time in US history as spending surges
The U.S. national debt surpassed $38 trillion for the first time this week, growing at a record pace driven by spending stemming from the aging population and elevated interest costs.
Understanding the minimum thresholds for debt lawsuits can help you navigate collections and protect your finances.
The Committee for a Responsible Federal Budget is glum: "The reality is that we’re becoming distressingly numb to our own dysfunction."
Discover how Treasury Secretary Bessent’s strategies improved bond market liquidity and managed $1.8T debt efficiently.
In just a little over two months, the national debt swelled by $1 trillion. This is twice as fast as the rate of growth since 2000, Michael Peterson says.
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How kindness is filling the gaps as U.S. school lunch debt soars to nearly $200 million a year
Nationwide student lunch debt has soared to nearly $200 million per year, according to a report released in August by the Education Data Initiative. In Utah, it's almost $4 million. As the bills mount, everyday Utahns are stepping up to make sure no child goes hungry.
As a bondholder, it was once possible to sleep soundly knowing that if a company came unstuck its lenders would get paid before equity holders. In the brave new world of liability management exercises, or LMEs, that belief looks increasingly quaint.
Goldman Sachs Group Inc. is gauging investor interest in a debt package to refinance Petco Health & Wellness Company’s nearly $1.6 billion term loan as the company’s financial position has improved, according to people with knowledge of the matter.