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National debt

National Debt

How blue state Republicans could shape Congressional legislation this year

by David Brancaccio , Kimberly Adams and Erika Soderstrom
Feb 11, 2025
Republicans have a slim majority in the House of Representatives — and those from liberal states could throw their weight around.
New York Rep. Nicole Malliotakis could be among the GOP leaders from a liberal state that could have massive sway in the House of Representatives.
Andrew Harnik/Getty Images
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National Debt

Trump wants lower yields on 10-year bonds. Can he make that happen?

by Sabri Ben-Achour
Feb 6, 2025
The new administration hopes that energy dominance and government efficiency can bring down borrowing rates.
Treasury Secretary Scott Bessent (left) with President Donald Trump and Commerce Secretary nominee Howard Lutnick in the Oval Office. Bessent said the administration's policies will reduce 10-year bond yields.
Jim Watson/AFP via Getty Images
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National Debt

A look at the economic impact of the 2017 tax cuts

by Stacey Vanek Smith
Feb 5, 2025
The Trump administration said the tax cuts would pay for themselves, but according to a study “that's just not true at all."
Donald Trump signing into law the Tax Cut and Reform Bill, a $1.5 trillion tax overhaul package, in December 2017.
Jabin Botsford/The Washington Post via Getty Images
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National Debt

Why the U.S. government owes itself money

by Sabri Ben-Achour
Feb 4, 2025
The US government is $36 trillion in debt. But who is owed all that money?
Speaker of the House Mike Johnson talks to press after the Dec. 20 approval of a stopgap funding bill that omitted President Donald Trump's debt ceiling suspension call.
Kent Nishimura/Getty Images
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National Debt

Unpacking some of Donald Trump's first executive orders

by David Brancaccio and Nic Perez
Jan 21, 2025
Trump promised tariffs on Day One. None have been announced so far.
President Donald Trump signs executive orders on Monday.
Anna Moneymaker/Getty Images
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National Debt

Musk's DOGE aims to cut $2 trillion in spending. That will be tricky.

by Stacey Vanek Smith
Jan 13, 2025
The Department of Government Efficiency, aka DOGE, is a task force Trump has appointed, headed by Elon Musk and Vivek Ramaswamy. It has some lofty resolutions for its stated goal of cutting wasteful government spending.
Vivek Ramaswamy and Elon Musk walk with U.S. Rep. Kat Cammack, center. Musk and Ramaswamy have announced planned U.S. budget cuts planned cuts totaling $500 billion — less than the initially proposed $2 trillion.
Anna Moneymaker/Getty Images
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National Debt

New year, new Congress, old problem: the debt ceiling

by Caleigh Wells
Jan 2, 2025
The options on the table: cut spending, default on the national debt, raise the ceiling — or eliminate it altogether.
In recent years, congressional debate over raising, lowering or suspending the debt ceiling has grown more common.
Kent Nishimura/Getty Images
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National Debt

Why the inverted yield curve is typically a recession predictor

by Stacey Vanek Smith
Sep 12, 2024
But this time may be different. One theory is that weaker data allowed companies to prepare and soften the economic landing.
The yield curve in the U.S. Treasury market has been singing a scary tune for nearly two years. So where's the recession?
Torsten Asmus/Getty Images
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Election 2024

How do Kamala Harris and Donald Trump's economic policy proposals stack up?

by David Brancaccio , Alex Schroeder and Meredith Garretson
Sep 9, 2024
We do the numbers on how much each candidate's plans will add to the national debt and impact voters.
Joe Raedle and Jeff Kowalsky/AFP via Getty Images
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National Debt

Congress is back with a budget to pass, but this time a shutdown seems unlikely

by Kimberly Adams
Sep 9, 2024
Nobody wants to take the blame in an election year.
Chip Somodevilla/Getty Images
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