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$870,000,000,000 in Interest Will Be Spent on US National Debt This Year, Exceeding Defense Spending for First Time Since 1940: Report

0,000,000,000 in Interest Will Be Spent on US National Debt This Year, Exceeding Defense Spending for First Time Since 1940: Report

The US government is expected to shell out nearly a trillion dollars this year just to cover the interest on its record-level debt. The Committee for a Responsible Federal Budget (CRFB), a nonprofit that calls attention to issues with significant fiscal impact, cites data from the Congressional Budget Office (CBO) estimating that the US government […]

The post $870,000,000,000 in Interest Will Be Spent on US National Debt This Year, Exceeding Defense Spending for First Time Since 1940: Report appeared first on The Daily Hodl.

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt ObligationsThere is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. In a recent interview, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. can maintain its debt obligations. However, she warned that if the U.S. were to default […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO ResignationGemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It PaidAccording to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of […]

Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains