Tag: US national debt

43 Democrats Want to Abolish the Debt Ceiling

April 24, 2023
congressHouse DemocratsPoliticsUSUS debt ceilingUS national debt
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The U.S. debt ceiling is a relic from another time that serves no useful purpose and should be abolished, according to 43 House Democrats, an opinion shared by some leading economists. The effort is led by Rep. Bill Foster (D-Ill.), who introduced H.R. 415, the End the Threat of Default Act, which would repeal the…

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Indiana Senator Doubts Biden’s 2024 Revenue Projection

March 15, 2023
2024 Federal BudgetPoliticsSen. Mike BraunUSUS national debt
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President Joe Biden’s 2024 budget proposal assumes that government income will be 19.6 percent of the country’s gross domestic product (GDP), a figure Sen. Mike Braun (R-Ind.) found hard to believe, saying the country has never generated more than 17.5 percent over 50 years and suggesting the administration was “being dishonest with the American public.”…

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Labor Chief Hosts Talks With Unions, Railroads; National Debt Closes In on $31 Trillion | NTD Business

September 14, 2022
EpochTVLive Videosmortgage ratesNTD BusinessRailway union talksUS national debtVideo
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The Biden administration is racing to avert a rail shutdown, hosting talks with railroad and union officials. Mortgage demand plummets compared to last year, as mortgage interest rates surge above 6 percent. America’s national debt is closing in on $31 trillion. We take a deep dive, looking at what this means for the country and…

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