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US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office

US Government Pays 0,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office

The US government just spent nearly $1 trillion to service the interest on its rapidly growing national debt. Data from the Congressional Budget Office (CBO) says the government ran an approximately $1.8 trillion budget deficit for the 2024 fiscal year, which ended on September 30th. The government collected $4.918 trillion in revenue last fiscal year […]

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US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

US Government Borrows 7,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

The US national debt has surged over $800 billion dollars in just three months amid a fiscal warning from one of the world’s largest asset managers. According to the U.S. Treasury Department’s Debt to the Penny system, the national debt hit an all-time high of $35.668 trillion on October 1st, up from $34.841 trillion on […]

The post US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security appeared first on The Daily Hodl.

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Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public Debt

Bitwise CIO Highlights Bitcoin’s Role as a Hedge Against U.S. Public DebtMatt Hougan, CIO of Bitwise, one of the world’s largest crypto fund managers, referred to the value of bitcoin as a hedge against the U.S. debt and the decline of the dollar. In social media, Hougan stated that bitcoin was an instrument that allowed investors to put funds in the market taking public debt into […]

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US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

US Paying ,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’

The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024. The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities. Interest payments have already totaled $1.05 trillion as of August, and […]

The post US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’ appeared first on The Daily Hodl.

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Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit

Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit

Tech billionaire Peter Thiel says the US economy would already be in a recession if not for massive government intervention. Speaking with fellow billionaire Chamath Palihapitiya at the All-In Summit 2024, Thiel says that an economic downturn is in sight for the US but it is being kept at bay by the government stimulating economic […]

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US Government Paying $3,000,000,000 in Interest on National Debt Every 24 Hours: Report

US Government Paying ,000,000,000 in Interest on National Debt Every 24 Hours: Report

The US is spending a huge amount of cash per day just to cover interest on the national debt, according to the chief economist at the multinational investment giant Apollo Global Management. Citing data from the Treasury Department, Apollo’s Torsten Sløk says the US government is now spending an average of $3 billion in interest […]

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US Companies Abruptly Take Out Record Amount of Debt Ahead of Potential Market Volatility: Report

US Companies Abruptly Take Out Record Amount of Debt Ahead of Potential Market Volatility: Report

American firms have reportedly issued record volumes of debt in what analysts say is an attempt to get ahead of potential event risks in the near future. Data from the London Stock Exchange Group (LSEG) shows 29 investment grade bond deals were issued on one day in the first week of September, which is the […]

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US National Debt Explodes by $684,322,497,000 in Three Months As Fitch Warns America Has Failed To Fix Growing Debt Burden

US National Debt Explodes by 4,322,497,000 in Three Months As Fitch Warns America Has Failed To Fix Growing Debt Burden

The US national debt has ballooned by over half a trillion dollars in just three months. According to the U.S. Treasury, America’s national debt jumped from $34,635,364,143,328 on June 3rd to $35,319,686,640,609 on September 3rd – a surge of $684,322,497,000. The massive rise is coming just over a month after the US national debt crossed […]

The post US National Debt Explodes by $684,322,497,000 in Three Months As Fitch Warns America Has Failed To Fix Growing Debt Burden appeared first on The Daily Hodl.

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Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures

Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System FailuresRobert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often […]

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$35,000,000,000,000 US Debt Is Now ‘The Biggest Short’ According to Macro Guru Luke Gromen – Here’s Why

,000,000,000,000 US Debt Is Now ‘The Biggest Short’ According to Macro Guru Luke Gromen – Here’s Why

Veteran macro investor Luke Gromen warns holders of US Treasuries that their investments will likely turn out to be unprofitable. In a new interview with Nicole Shanahan, Robert F. Kennedy Jr.’s vice presidential running mate, Gromen says the United States’ lack of domestic manufacturing capacity is becoming a threat to national security. “We might have […]

The post $35,000,000,000,000 US Debt Is Now ‘The Biggest Short’ According to Macro Guru Luke Gromen – Here’s Why appeared first on The Daily Hodl.

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