Home Tags National Debt

Tag: National Debt

Supporters of republican presidential candidate former Massachusetts Gov. Mitt Romney stand next to a national debt clock during a rally at Exeter High School on January 8, 2012 in Exeter, New Hampshire.

The US posted a $234 billion budget deficit last month, the biggest one-month deficit in history

The budget deficit is being driven by the tax reform law supported by President Trump and the GOP as well as the bipartisan spending deal.
President Donald Trump holds up a chart showing the US national debt during a campaign rally in 2016.

Trump once promised to eliminate the national debt in 8 years — but his new budget shows the president is going in the opposite direction

Candidate Donald Trump promised to eliminate the debt "over a period of eight years," but the presidential budget shows that isn't going to happen.

The US federal deficit soared to $310 billion to start fiscal year 2019, up 77% from the year before

The US budget deficit soared due to a drop in tax revenues and increased spending. Trump's tax law and the bipartisan budget deal drove the jump.
Supporters of republican presidential candidate former Massachusetts Gov. Mitt Romney stand next to a national debt clock during a rally at Exeter High School on January 8, 2012 in Exeter, New Hampshire.

The US just officially hit the debt ceiling, setting up another high-stakes showdown for the fall

The Treasury Department can extend the debt-ceiling deadline until September or October, the CBO said, setting up a high-stakes showdown for the fall.

The US national debt just pushed past $22 trillion — here’s how Trump’s $2 trillion in debt compares with Obama, Bush, and Clinton

The US national debt has topped $22 trillion for the first time, but the debt addition under President Donald Trump is not quite historic.
Supporters of republican presidential candidate former Massachusetts Gov. Mitt Romney stand next to a national debt clock during a rally at Exeter High School on January 8, 2012 in Exeter, New Hampshire.

The US national debt just topped $22 trillion for the first time in history

The increase in national-debt accumulation has been caused by the GOP tax law's cut to revenues and the bipartisan budget deal's increased spending.
President Donald Trump answered questions from the press outside the White House before departing to the G20 summit in November 2018.

Trump is reportedly not worried about a massive US debt crisis as he’ll be out of office by then

US debt stands at about $21 trillion, and the federal government is expected to add $1.34 trillion this year — its most since 2010.

Malaysia will not implement wealth tax – for now – so economy can recover, says Finance Minister

Wealth, inheritance and capital gains tax are some of the taxes Malaysia has decided not to implement for fear of "massive" capital flight.