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The Latest Breaking News from National Debt

Public finances on ‘unsustainable’ path due to spending promises, says OBR

Richard Hughes told a briefing in Liverpool that the projected rise in state pension spending would contributed to growing UK national debt.

Evening Standard

UK public finances on ‘unsustainable’ path amid growing climate, debt and pension costs

Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatility

The Guardian - UK

Ray Dalio Forecasts 'Big, Painful Disruptions' as US National Debt Set To Swell Over Next Decade

In the wake of President Donald Trump‘s budget bill approval, billionaire and financial advisor Ray Dalio anticipates serious economic repercussions.

Benzinga

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What Trump's 'Big Beautiful Bill' means for tax cuts, Medicaid, national debt, and more

Core elements of the bill, and the winners and losers.

Fortune

US Senate passes Trump’s ‘One Big Beautiful Bill’, sending it to the House

Trump has set a July 4 deadline for bill, which extends tax cuts, slashes social safety nets and surges national debt.

Al Jazeera

Senate megabill would explode debt and kick 11.8 million off Medicaid: ‘Our fiscal house is basically on fire’

Over a decade, the bill would add at least $3.3 trillion to the national debt, according to the Congressional Budget Office

The Independent UK

Goldman Sachs says Trump’s spending plan won’t stop the national debt from hitting ‘unsustainable’ highs not seen since World War II

If borrowing costs remain high, future lawmakers could be left in a tough spot.

Fortune

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Government borrowing binge could crowd out mortgages and investment

U.S. Treasuries accounted for $28.3 trillion, or roughly 60%, of the country’s $46.9 trillion fixed-income market last year.

Fortune

Trump bill set to add trillions to US debt pile – can America stop it climbing?

Economists are concerned, politicians are angry – but the national debt keeps growing, no matter who’s in charge

The Guardian - US

Elon Musk is on a national debt crusade after slamming Trump's spending bill

Jamie Dimon, Warren Buffett, Ray Dalio, Jerome Powell—and now Elon Musk, are all sounding the alarm on America's national debt.

Fortune

Elon Musk slams Trump’s signature budget bill as a ‘disgusting abomination’

Donald Trump’s budget bill faces Republican discord in Senate, where some lawmakers reject increase to US national debt.

Al Jazeera

David Stockman: Trump Is a 'Faker' on the Debt

Reagan's budget chief warns that the One Big Beautiful Bill Act could balloon the national debt to $60 trillion, risking a catastrophic bond market crisis.

Reason

Trump is going to get 'punched in the face' by markets if he pushes through spending bill without a plan for national debt and tariffs, says Wharton professor

Republicans argue that growth is the best way to rebalance America’s books, but economists fear that tax cuts may be the final nail in the coffin for national debt.

Fortune

What is modern monetary theory? An economist explains how it could help Canada

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

The Conversation

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The Guardian - US

Top Republicans threaten to block Trump’s spending bill if national debt is not reduced

Prominent US senators warn Trump to ‘get serious’ about addressing budget deficit or they will block ‘beautiful bill’

Reason

How Does the National Debt Affect You? A Budget Expert Explains.

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

Fortune

Will Moody's U.S. credit downgrade trigger 'flight to quality?'

It’s no secret the national debt is on an unsustainable path.

Al Jazeera

The US has $36 trillion in debt. What does that mean, and who owns it?

The US has the highest national debt in the world, a quarter of which is owned by other countries.

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Reason

Not Even the Moody's Downgrade Can Make Republicans Take the National Debt Seriously

Friday's announcement by Moody's and the House Budget Committee vote could have been a turning point.

Reason

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

The Independent UK

MTG signals the one thing that will cost Republicans ‘bigly’ in midterms in warning to colleagues

Republicans are at odds on whether to pass Trump’s tax cuts, which could introduce $4.6 trillion to the national debt over the next decade

Fortune

Larry Fink says Bitcoin could replace the dollar as the world’s reserve currency because of national debt

Larry Fink, CEO of BlackRock, has warned national debt could lead to Bitcoin becoming a preferred reserve currency over the dollar.

Al Jazeera

Why are Trump supporters claiming he wants to crash the US stock market?

Some MAGA followers are spreading an unsubstantiated theory related to the cost of the US national debt.

The Conversation

Why Trump’s plan to cut national debt by selling ‘gold card’ visas for US$5 million each won’t work

The US president, Donald Trump, is set to introduce a “gold card” visa that would allow wealthy foreigners to buy permanent US residency – and a path to citizenship – for US$5 million (£3.9 million).

Fortune

President Trump says U.S. can pay off $36 trillion debt by selling wealthy immigrants ‘gold card’ visas worth $5 million to get citizenship

Details of President Trump’s “gold card” visa program are still being finalized, but the proceeds are already earmarked to help tackle America’s national debt burden.

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