The Debt
  • 18. District of Columbia

    US Hits $34 Trillion in Debt

    By Michael Rainey

    The gross U.S. national debt surpassed $34 trillion last Friday, according to the Treasury Department’s daily debt tracker . The debt grew quickly in 2023, topping $32 trillion in June and $33...

  • House Budget Committee Hearing

    House Budget Committee Examines Pros and Cons of a Bipartisan Fiscal Commission

    The House Budget Committee held a hearing Tuesday to discuss and debate the pros and cons of several proposals to create a bipartisan fiscal commission to address the national debt and federal...

  • Moody's downgrade gives edge to safe-haven banks

    Moody’s Sends a Warning on US Debt

    By Michael Rainey

    Moody’s Investors Service on Friday changed its outlook for the U.S. credit rating from “stable” to “negative,” citing both the rapidly expanding national debt during a time of high interest rates...

  • Romney and Manchin Call for Commission to Stabilize US Debt

    By Michael Rainey

    Sens. Mitt Romney of Utah and Joe Manchin of West Virginia introduced a bill Thursday that would create a commission tasked with stabilizing the national debt. Warning that the nation’s finances are...

  • The U.S. Capitol dome is seen in Washington

    US Debt Costs Hit $1 Trillion a Year: Analysis

    By Michael Rainey

    Persistent budget deficits combined with a big jump in interest rates translate into a rapidly rising cost of servicing the national debt. According to an analysis by Bloomberg News, the annual cost...