How the U.S. Government Amassed $31 Trillion in Debt
Posted inBiden, Joseph R Jr Bush, George W Federal Budget (US) Medicare National Debt (US) Obama, Barack Recession and Depression Stimulus (Economic) Taxation Trump, Donald J United States Economy United States Politics and Government

How the U.S. Government Amassed $31 Trillion in Debt

Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
Speaker Drama Raises New Fears on Debt Limit
Posted inConservatism (US Politics) Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Recession and Depression Republican Party Social Security (US) Taxation United States Economy United States Politics and Government

Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.