Government News

National Debt Hits $38.40 Trillion, Increased $2.23 Trillion Year over Year, $6.12 Billion Per Day

WASHINGTON, DC –Today, the Joint Economic Committee released its Monthly Debt Update for December, including the national debt’s interest rate and composition as of December 3, 2025. As of December 3, 2025, total gross national debt is $38.40 trillion. Relative to one year…

Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt

The calendar year may have a few weeks left to tick off, but as far as the government’s budget is concerned, we’re in fiscal 2026. And in a matter of weeks, the Treasury has already paid out a 12-figure sum…

Treasury yields move lower as end of the government shutdown nears

U.S. Treasury yields were lower on Wednesday as investors welcomed progress on bringing an end to the government shutdown. The 10-year Treasury yield was down more than 4 basis points to 4.065%. The 2-year note yield also fell more than 2 basis points to…

JPMorgan’s Jamie Dimon and warns about US national debt problem, says ‘should be concerned’

Goldman Sachs CEO David Solomon recently expressed his concerns that mounting US government debt will pose more of a problem if the economy does not grow faster. David Solomon voiced his concerns on $38 trillion national debt problem, joining the…

CFPB files notice stating it can no longer draw from Fed ‘earnings’

On November 10, the U.S. District Court for the District of Columbia received a notice from the CFPB informing the court that the DOJ’s Office of Legal Counsel has determined the Bureau may not legally request funds from the Fed under the…

Trump promises a $2,000 tariff ‘dividend’ that Treasury secretary says could come via tax cuts already signed into law

On Sunday, Trump posted on Truth Social that opponents of his tariffs are “fools,” adding that the government is taking in trillions of dollars that will go toward paying down U.S. debt. “Record Investment in the USA, plants and factories going up…

Government shutdown becomes 2nd longest in U.S. history

The U.S. government shutdown on Wednesday entered its 22nd day, becoming the second-longest federal funding lapse ever, with no end in sight. The milestone means that the two longest shutdowns have both occurred while President Donald Trump was in office. The longest shutdown began in December…

Trump’s One Big Beautiful Bill will push US debt levels beyond those of Greece or Italy, IMF forecast predicts

America’s national debt is now climbing at its fastest rate ever, propelled in part by the “One Big Beautiful Bill” passed by Republicans earlier this year. A new forecast from the IMF shows the U.S. heading the route of countries in southern Europe famous…

Fears over US banks cause stock market jitters

European stock markets recovered some ground after a warning of fraud from two US banks triggered a sell-off in banking shares around the world. Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had…

US, China are still committed to global debt efforts, IMF strategy chief says

WASHINGTON, Oct 15 (Reuters) – Top U.S. and Chinese officials will join Wednesday’s meeting of the Global Sovereign Debt Roundtable, where a key topic will be the lack of transparency about bank loans that have complicated developing countries’ debt restructuring efforts. International Monetary Fund…