#deficit-reduction-policy

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fromFortune
5 hours ago

The bond market would be a big casualty of the U.S. debt crisis, former Treasury secretary says | Fortune

"That's a dangerous thing," he said Thursday during an interview with Bloomberg TV, describing a scenario where demand and prices for Treasuries fall as foreign interest in the market declines.
Business
fromNextgov.com
3 hours ago

OMB's examination of Mythos is 'not giving access to anything to agencies,' official says

OMB is not giving access to anything to agencies, according to a spokesperson, despite the administration's interest in the powerful Mythos AI model that identifies digital vulnerabilities.
Washington DC
#us-budget
US politics
fromFortune
1 week ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
US politics
fromFortune
1 week ago

Why Trump's FY 2027 budget could be the document that triggers a debt crisis | Fortune

The U.S. government's budget for Fiscal Year 2027 presents a risky outlook with significant spending increases and unrealistic economic growth assumptions.
#federal-reserve
US politics
fromwww.theguardian.com
1 day ago

Senate Democrats move to stall Trump's absurd' bid to install new Fed chair

Democrats are opposing Trump's nomination of Kevin Warsh for Fed chair amid ongoing criminal investigations into current Fed members.
Left-wing politics
fromHarvard Gazette
2 weeks ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
US politics
fromwww.theguardian.com
1 day ago

Senate Democrats move to stall Trump's absurd' bid to install new Fed chair

Democrats are opposing Trump's nomination of Kevin Warsh for Fed chair amid ongoing criminal investigations into current Fed members.
Left-wing politics
fromHarvard Gazette
2 weeks ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
#national-debt
fromFortune
1 day ago
World politics

A world going broke: IMF says America's $39 trillion national debt is actually a global problem-and AI may be the only rescue | Fortune

fromFortune
3 weeks ago
Business

'There is no silver lining in this trajectory': Budget watchdog warns of financial, inflation or currency crisis due to $39 trillion national debt | Fortune

fromFortune
1 week ago
US politics

U.S. had a national debt 'home run' in its grasp, says Jamie Dimon-the government did nothing with it, and now its best option is crisis management | Fortune

fromFortune
4 weeks ago
US politics

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

US politics
fromFortune
4 weeks ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
US politics
fromFortune
1 month ago

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

The U.S. true fiscal obligation reaches approximately $100 trillion when including implicit pay-as-you-go commitments, nearly triple the reported $39 trillion national debt.
World politics
fromFortune
1 day ago

A world going broke: IMF says America's $39 trillion national debt is actually a global problem-and AI may be the only rescue | Fortune

Global public debt is projected to reach 99% of world GDP by 2028, with the U.S. leading in fiscal dysfunction.
Business
fromFortune
3 weeks ago

'There is no silver lining in this trajectory': Budget watchdog warns of financial, inflation or currency crisis due to $39 trillion national debt | Fortune

U.S. national debt exceeds $39 trillion, prompting calls for a deficit-to-GDP benchmark of 3% to stabilize fiscal trajectory.
US politics
fromFortune
1 week ago

U.S. had a national debt 'home run' in its grasp, says Jamie Dimon-the government did nothing with it, and now its best option is crisis management | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments surpassing $1 trillion annually, raising concerns about fiscal sustainability.
US politics
fromFortune
4 weeks ago

The national debt just crossed $39 trillion-almost doubling since Trump vowed to erase it | Fortune

U.S. national debt reached $39 trillion in January 2025, accumulating at an unsustainable pace that budget experts unanimously describe as alarming and economically dangerous.
US politics
fromFortune
4 weeks ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
fromFortune
1 month ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

fromwww.berkeleyside.org
2 days ago

Layoffs, service cuts, sales tax hike: How Berkeley plans to close a nearly $30M budget deficit

Without the half-percent sales tax increase, which would generate an estimated $9 million per year for the city's general fund if voters approve it this November, Berkeley could face deeper cuts including shuttering a fire station, laying off police officers and reducing hours at city pools and recreation centers.
East Bay real estate
#trump
US politics
fromIntelligencer
2 days ago

Trump Steers Right Into Damaging Feud With Jerome Powell

Trump threatens to fire Federal Reserve Chairman Jerome Powell if he does not resign by the end of his term.
US politics
fromIntelligencer
2 days ago

Trump Steers Right Into Damaging Feud With Jerome Powell

Trump threatens to fire Federal Reserve Chairman Jerome Powell if he does not resign by the end of his term.
Healthcare
fromMedCity News
5 days ago

'A Significant Assault on Our Health': Healthcare Policy Leaders Condemn Trump's Budget Proposal - MedCity News

Trump's fiscal year 2027 budget proposes significant cuts to healthcare, exacerbating previous reductions and drawing criticism from healthcare advocates.
US Elections
fromABC7 Los Angeles
2 days ago

It's Tax Day. Ahead of deadline, 53M filers used new Trump tax exemptions, Treasury says

Millions of Americans utilized new tax breaks, but many still feel their taxes are too high despite the Republican tax law.
fromFortune
3 days ago

Debt management plan vs. debt relief | Fortune

A debt management plan (DMP) is a way to combine your unsecured debts into a more manageable single monthly bill. You'll typically get reduced interest rates compared to what you're currently paying thanks to negotiation by the agency you're working with.
Bootstrapping
World news
fromwww.theguardian.com
3 days ago

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

The Iran war significantly impacts the UK economy, leading to a forecasted growth downgrade and rising inflation and unemployment rates.
#student-loans
fromwww.businessinsider.com
5 days ago
Higher education

Trump's Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn't succeed.

The federal student-loan portfolio is being transferred to the Treasury Department, raising challenges for borrowers, especially those in default.
Higher education
fromwww.businessinsider.com
5 days ago

Trump's Treasury is taking over millions of student-loan accounts. Obama tried this, and it didn't succeed.

The federal student-loan portfolio is being transferred to the Treasury Department, raising challenges for borrowers, especially those in default.
Public health
fromwww.theguardian.com
5 days ago

Trump's new budget ignores dying Americans and gives away record sums to the US military

Americans face high avoidable deaths due to inadequate healthcare access and rising costs, with significant budget cuts proposed for health services.
#supreme-court
European startups
fromFortune
5 days ago

'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans. | Fortune

The Supreme Court's ruling on tariffs may lead to $166 billion in refunds for U.S. importers, but many companies face financial struggles.
fromFortune
1 month ago
US politics

The 'alternative scenario' of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal | Fortune

European startups
fromFortune
5 days ago

'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans. | Fortune

The Supreme Court's ruling on tariffs may lead to $166 billion in refunds for U.S. importers, but many companies face financial struggles.
fromFortune
1 month ago
US politics

The 'alternative scenario' of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal | Fortune

fromTruthout
6 days ago

Tariff Refunds Flow to Companies as Consumers Keep Footing the Bill

"We're having to cut off projects that we really want to do," said Cox, who lives with his wife in Charleston, South Carolina.
NYC real estate
#us-government
Washington DC
fromFortune
3 days ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
3 weeks ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Washington DC
fromFortune
3 days ago

'We have to be able to walk and chew gum' on government spending, says budget chairman, addressing both debt crisis and national security demands | Fortune

The U.S. government faces funding challenges for mandatory spending and military endeavors, with disagreements over DHS funding complicating the budget process.
US politics
fromFortune
3 weeks ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
UK politics
fromwww.independent.co.uk
1 day ago

Rachel Reeves says she will resist calls to raise taxes to increase defence spending

The Independent emphasizes the importance of accessible journalism and the need for on-ground reporting in critical societal issues.
#us-national-debt
Retirement
fromFortune
1 week ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

fromFortune
1 month ago
US politics

America faces a 'debt crisis' a lot like the 1980s when a 'private pact' brokered by Ronald Reagan did the trick | Fortune

Retirement
fromFortune
1 week ago

U.S. government is spending $88 billion a month in interest on national debt, equal to its spending on both defense and education combined | Fortune

The U.S. national debt exceeds $39 trillion, with interest payments reaching $529 billion in the first half of the fiscal year.
fromFortune
2 months ago
US politics

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

fromFortune
1 month ago
US politics

America faces a 'debt crisis' a lot like the 1980s when a 'private pact' brokered by Ronald Reagan did the trick | Fortune

US politics
fromAxios
3 days ago

Scoop: Collins plans to grill six Cabinet officials on Trump's budget

Bipartisan appropriations talks are being encouraged as an alternative to reconciliation for funding government agencies.
US news
fromwww.npr.org
2 days ago

Tax season was supposed to bring big refunds. So far they're less than expected

Tax refunds this season are larger but not meeting expectations, leading to disappointment among taxpayers.
US Elections
fromwww.theguardian.com
2 days ago

Trump's push to cut interest rates has echoes of banana republic', says Yellen

Janet Yellen criticized Trump's call for lower interest rates, likening it to banana republic practices that could lead to inflation.
fromPOLITICO
3 days ago

GOP leaders prepare to steamroll opponents of DHS funding plan

Sen. Rick Scott insisted on spending cuts to offset the new enforcement funding, while Sen. Tommy Tuberville emphasized the need for military funding and other GOP priorities.
SF politics
Law
from24/7 Wall St.
2 weeks ago

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Prioritize IRS debt over other debts due to its unique enforcement powers and penalties.
fromFortune
2 days ago

Exclusive: Elizabeth Warren on her proposal to bring back IRS Direct File: 'For just one day of bombing Iran, we could pay for 20 years' | Fortune

For years, giant tax prep companies like TurboTax and H&R Block have rigged our system so they can cash in on your hard-earned dollars. It's amazing that anyone could oppose this-especially when filing your taxes is something that Americans are required by law to do each year.
US politics
fromPOLITICO
4 days ago

Tax Day is the GOP's focus as Congress returns to war, shutdown and other challenges

"My constituents are saving thousands of dollars and they know it. Republicans can and should take credit because the alternative would've been massive tax hikes under the Democrats had they won the 2024 election."
US Elections
Boston
fromBoston.com
2 weeks ago

Boston faces budget deficit of nearly $50 million

Boston faces a $48.4 million budget deficit due to external cost pressures, prompting spending freezes and hiring delays.
fromMission Local
2 weeks ago

S.F. on track to shrink deficit by $300M, city controller says

We are not out of the woods. If we don't act now, we will have to do twice as much in the coming years, with the choices becoming more difficult, more expensive, and more painful.
San Francisco
SF politics
fromBreaking Defense
1 week ago

Trump's $1.5T defense budget to weather harsh scrutiny on Capitol Hill - Breaking Defense

The Pentagon's $1.5 trillion budget for fiscal 2027 faces significant challenges in Congress despite meeting defense priorities.
Right-wing politics
fromEsquire
2 weeks ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
Washington DC
fromTruthout
1 week ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
New York City
fromwww.amny.com
3 weeks ago

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
US news
fromwww.npr.org
2 weeks ago

Trump calls for a major increase in defense spending alongside cuts in domestic spending

Trump requests $1.5 trillion for defense spending, prioritizing military investments over domestic programs amid significant national debt concerns.
UK politics
fromIrish Independent
3 days ago

'There's a rainy day fund. It's pouring now' - Michael Healy-Rae says government support isn't enough as he resigns as minister

Michael Healy-Rae resigned from Government, stating the support package was insufficient and the leadership has lost its way.
Washington DC
fromNextgov.com
2 weeks ago

Civilian agencies face 10% cuts in Trump's 2027 budget

President Trump proposed a $2.2 trillion fiscal 2027 budget with increased defense spending and cuts to non-defense agencies.
fromIrish Independent
3 days ago

Government backs sale of PTSB for 1.6bn

"BAWAG and Permanent TSB Group Holdings plc (PTSB) have agreed today, with the support of the Minister for Finance of Ireland who holds approximately 57.5pc of the shares in PTSB, the terms of a cash offer by BAWAG which has been recommended by PTSB's board of directors."
UK politics
fromPOLITICO
2 weeks ago

Trump asks Congress to supersize military budget, slash domestic programs

The White House is seeking a 10 percent cut to nondefense spending, proposing a reduction of $73 billion from federal programs outside the military, targeting environmental initiatives.
Washington DC
fromFortune
4 weeks ago

300 years of wars show they are 'always disaster times' for holders of government debt because of inflation and financial repression | Fortune

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
World politics
Business
fromFortune
1 month ago

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns | Fortune

By 2031, U.S. federal debt interest rates will exceed economic growth rates, triggering a self-reinforcing debt spiral where deficits cause debt to grow indefinitely.
SF politics
fromFortune
4 weeks ago

The U.S. just hit $39 trillion in debt. Here's the constitutional fix that Congress won't touch | Fortune

The U.S. House failed to pass a Balanced Budget Amendment as federal debt surpasses $39 trillion, raising concerns about fiscal responsibility.
Business
fromFortune
1 month ago

U.S. debt is competing with a record supply of corporate bonds, which is pushing up the cost of federal borrowing just as war spending piles up | Fortune

Record corporate bond issuance driven by AI capital expenditure and geopolitical factors is increasing Treasury yields and raising borrowing costs for the federal government.
#national-debt-crisis
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
SF politics
fromFortune
1 month ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
1 month ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
fromFortune
1 month ago

Trump's economy was already exploding the national debt before his $1 billion-a-day war in Iran. Analysts warn about what's next | Fortune

Operation Epic Fury is racking up a staggering military bill. According to the Center for Strategic and International Studies, a DC think tank, the military campaign is costing approximately $891.4 million every single day. The first 100 hours of the conflict alone consumed $3.7 billion, CIS added in a report on the costs of the fighting, as reported by CNN.
World politics
US politics
fromFortune
3 weeks ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
Intellectual property law
fromFortune
1 month ago

Finance leaders divided on using potential tariff refunds-just 18% would fully roll back price hikes | Fortune

Corporate executives remain divided on tariff refund strategies and are reluctant to reduce prices despite potential cost relief from Supreme Court rulings.
US politics
fromAxios
3 weeks ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
US politics
fromFortune
4 weeks ago

The Trump Administration's proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns | Fortune

The Trump Administration is considering capital gains tax indexation that could add $170-$950 billion to the national debt by 2035, raising concerns about deficit spending amid record debt levels.
Miscellaneous
fromIndependent
2 months ago

'No delays or excuses allowed', Finance Minister warns departments in race to protect economy against Trump's chaos

Government departments must urgently increase Ireland's competitiveness with no excuses or delays amid global instability caused by actions of the US president.
Public health
fromFortune
1 month ago

Come 2030, the U.S. deficit will be worth 5.9% of GDP-more than the outlays for social security, and equal to spending on major health programs | Fortune

The U.S. faces escalating healthcare and social security costs driven by an aging population, with deficits projected to reach 6.9% of GDP by 2040, far exceeding sustainable levels.
#federal-deficit
fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
2 months ago
US politics

'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit | Fortune

fromFortune
1 month ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
2 months ago
US politics

'The fiscal trajectory is not sustainable': CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit | Fortune

UK politics
fromTheregister
2 months ago

The UK government isn't spending much taxpayer cash on X

Most UK government departments ceased paid spending on X since July 2024, while the Department for Education spent £27,118.
US politics
fromwww.independent.co.uk
1 month ago

IFS warns UK faces tax hikes or cuts to public services in bid to hit defence target

UK government must choose between tax increases or public service cuts to meet NATO's 3.5% defense spending target, requiring an additional £35 billion annually.
US politics
fromwww.aljazeera.com
2 months ago

CBO: US Federal deficits and debt to worsen over next decade

U.S. federal deficits and debt are projected to rise substantially over the next decade due to increased spending, higher debt service, tariffs, and immigration policies.
#federal-debt
fromFortune
2 months ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

fromFortune
1 month ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

fromFortune
2 months ago
US politics

The U.S. debt now equals $229,000 per household-and a hefty tax hike looms as the most probable outcome | Fortune

fromFortune
2 months ago
US politics

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

fromFortune
1 month ago
US politics

$56 trillion national debt leading to a spiraling crisis: budget watchdog warns the U.S. is walking a crumbling path | Fortune

fromFortune
2 months ago
US politics

The U.S. debt now equals $229,000 per household-and a hefty tax hike looms as the most probable outcome | Fortune

US politics
fromFlowingData
2 months ago

Tariff revenue is nowhere close to enough

A unit-square visualization shows claimed tariff revenues cannot cover added governmental expenses as billion-dollar squares exceed available funds.
US politics
fromFortune
1 month ago

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt | Fortune

Bipartisan consensus is emerging around reducing the federal deficit to 3% of GDP, marking a significant shift in national fiscal policy debate.
#government-shutdown
US politics
from24/7 Wall St.
2 months ago

Trump Administrations New Tax Rule Puts Social Security at Risk

A new $6,000 senior standard deduction boost in 2026 increases short-term senior tax savings but accelerates Social Security trust fund depletion by roughly six months.
US politics
fromAxios
2 months ago

Congress plunges into "no pressure" government shutdown

A DHS shutdown is tolerable: Democrats leverage funding to force ICE reforms, while Republicans rely on prior reconciliation funding keeping ICE and CBP funded.
US politics
fromFortune
2 months ago

President Trump just missed a key deadline to share his spending plans-fears are mounting about what that means for $38.5 trillion national debt | Fortune

The White House delayed its fiscal year 2027 budget submission, raising transparency concerns as deficits rise and national debt exceeds $38.5 trillion.
fromTruthout
2 months ago

Democrats Cave on Demands for DHS Reforms, Agree to Short-Term Spending Bill

Earlier in the day, Democrats blocked a spending bill using a filibuster in order to force the Trump administration into negotiations over its violent deportation campaign in cities across the U.S. The raids have involved DHS agents - most notably from Immigration and Customs Enforcement (ICE) and Customs and Border Patrol (CBP) - terrorizing and abducting residents, with immigration agents killing two people in Minneapolis this month.
US politics
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