The U.S. government's gross national debt has surpassed $38 trillion during the federal shutdown, marking a record high.

Promising tax cuts without offsetting spending cuts is politically painless so long as constituents believe they “pay for themselves.”

The mounting level of US debt risks a “reckoning” for the economy if the pace of growth doesn’t improve, according to the chief executive of Goldman Sachs Group Inc.

When conservative/libertarian Sen. Rand Paul (R-Kentucky) and Rep. Thomas Massie (R-Kentucky) voted "no" on President Donald Trump's Big, Beautiful Bill Act of 2025, their motivations were much different from all the Democratic lawmakers who voted against it.

America’s debt has grown rapidly over the last decade as the population ages and enrollment in Social Security and Medicare rises.

The US is projected to see its debt surge to 143% of national income by 2030, while Italy’s stays flat and Greece manages to cut its debt, a rare turnaround in Europe’s fiscal landscape.

Back-to-back rate cuts by the Fed could mean this is the best environment for many borrowers to refinance their car loans.

The U.S. government’s gross national debt surpassed $38 trillion on Wednesday—just two months after it reached $37 trillion—which comes as the government continues to navigate the federal shutdown.

U.S. debt hits $38 trillion, adding $500 billion this month alone — $114,000 per American. The total debt now equals 324% of GDP. Federal debt is $37.5 trillion. Household debt is $20.5 trillion. Corporate debt tops $42 trillion.

Top 10 countries with the highest debt-to-GDP in October 2025 list: The United States, the world’s largest economy, ranks 8th with a debt-to-GDP ratio of 125 per cent, while China (96.3 per cent) and India (81.