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Government Accounting 101: Budgets, Deficits, and Debt
BlackEconomics.org® Introduction Much of the hoopla in the nation’s capital since Inauguration Day has involved money: The ...
U.S. budget deficit surged in February, passing $1 trillion for new year-to-date record
Government spending eased slightly on a monthly basis though it still far outpaced revenues, according to a Treasury ...
Could the US default on its debt this year?
The US debt currently sits at around $36.6 trillion and the government is, once again, approaching its legal borrowing limit.
DOGE Gives the Deficit Hawks Cover as the Debt Keeps Rising
But the effect of the agreement is to continue federal spending at the same exaggerated level that has recently prompted ...
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said ...
Just The News3d
US deficit sets record with $1.1 trillion in first five months of fiscal year 2025
The new numbers, released Wednesday, showed the deficit between October 2024, and February 2025. The deficit for February ...
Ghana to implement economic 'shock therapy' to reduce debt
Ghana's new government will make steep spending cuts this year to recover the economy, Finance Minister Cassiel Ato Forson ...
Ray Dalio: Debt crisis could cause 'economic heart attack' for US economy in the next 3 years
Billionaire hedge fund manager Ray Dalio believes the US economy is at a critical inflection point as the debt situation ...
Dalio Warns of US Debt Crisis ‘Heart Attack’ Within Three Years
Ray Dalio, the billionaire founder of hedge fund Bridgewater Associates, has a warning for the Trump administration: commit ...