us debt crisis

America’s debt crisis is getting too big to solve?

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America’s debt crisis is getting too big to solve?

Fiscal conservatism has more or less vanished from America’s political landscape. Government borrowing, despite the strong economy, continues to push public debt to record levels – and the presidential contenders and their parties say scarcely a word about it. To the extent they discuss economic policy at all, their intentions on taxes and public spending … Read more

Republicans pass bill to avert US debt crisis, slash spending

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Republicans pass bill to avert US debt crisis, slash spending

US Republicans voted Wednesday to raise the national borrowing limit, but only in conjunction with drastic cuts, as they sought a showdown with President Joe Biden over “excessive” spending with a potentially ruinous credit default looming. The government is expecting to hit the debt ceiling within weeks, raising the possibility of the world’s largest economy … Read more