US EditionJill On Money: Debt, Deficit, Downgrade
- The Congressional Budget Office projects a $1.9 trillion federal budget deficit for fiscal year 2025 while the U.S. National debt totals $36 trillion.
- This fiscal strain results from growing deficit and debt levels over 25 years, driven partly by wars, economic crises, and pandemic relief spending.
- A recent bill would add $2.3 trillion in deficits and $3.1 trillion to the debt over the next decade, worsening the fiscal outlook amid political challenges to control spending.
- Moody’s recently lowered the U.S. Sovereign credit rating by one level, citing ongoing inability among various U.S. Leaders and lawmakers to implement policies that would address persistent large budget deficits and rising interest expenses.
- The widening deficits, mainly from rising interest payments and entitlement expenses, suggest a chronic problem likely to prompt the bond market to demand fiscal reforms.
26 Articles
26 Articles
As long as we’re all mad, Democrats could talk about expanding government
WIZMnews.com Whether you lean Democrat or Republican, there’s a lot of criticism of government right now with the federal funding cuts and passing of what’s officially called the One Big Beautiful Bill Act. It might not that productive to be completely happy or outraged about the 1,000-page bill yet, since it still has to go through the US Senate, and then back to the House before passing. And I’m not going to get into how Republicans pretend th…
Helena Independent Record
Jill On Money: Debt, deficit, downgrade
The Republican-led House of Representatives has passed its “One, Big, Beautiful Bill,” but before you dig into the more than 1,000-word tomb, it’s probably better to wait until the Senate puts its imprint on it.
CBO wrong. Big Beautiful Bill will not increase the deficit.
by Michael Busler at CDN - On May 20, the Congressional Budget Office (CBO) released its estimate for the negative impact of the Big, Beautiful Bill (BBB) on the nation’s deficit and public debt. The CBO, which has been notoriously inaccurate with its estimates in the past, really missed the boat on this one. One part of the BBB, which was … Click to read the rest HERE-> CBO wrong. Big Beautiful Bill will not increase the deficit. first posted a…
So many questions wait for answers
By Steve Andrist No doubt about it, Republicans are in charge. In charge of the White House, the U.S. House and the Senate. The reward is they get to call the tune, an honor they sought and want. The reward also brings responsibility, especially when their president, representing the “I’m mad as hell and I’m not going to take it any more” constituency, rewrites the rules of government leadership. If you call the tune, you also pay the piper, sug…
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