The US government’s balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion dollars in debt added in two months. New data from the Treasury Department’s Debt to the Penny system shows the country’s national debt rose from $34.297 trillion on February 21st to $34.571 trillion on April […]
The post US National Debt Surges $273,859,000,000 in Two Months As Billionaire Leon Cooperman Warns Nation Heading Toward Financial Crisis appeared first on The Daily Hodl.
New numbers show the US government’s spending exceeded its revenues to the tune of more than a trillion dollars in the recently concluded fiscal year. The data comes from the newly released Congressional Budget Office (CBO) report which monitors the government’s receipts and outlays for the 2023 fiscal year, which ran from October 1st, 2022 […]
The post $1,700,000,000,000 US Budget Deficit Shattered in 2023 As IMF Issues Warning on America’s ‘Worrying and Deteriorating’ Fiscal Trajectory appeared first on The Daily Hodl.
The Congressional Budget Office (CBO) is revising its projections for this year’s US budget deficit, saying it will be significantly higher than previous estimates. In a new report, the agency says it now projects government expenditures will outpace revenues to the tune of $1.7 trillion in 2023. “On the basis of its estimate of the […]
The post US Deficit Expected To Shatter $1,700,000,000,000 This Year – 13% Higher Than Previous Estimate: CBO appeared first on The Daily Hodl.
The US government is dramatically raising its expectations on how much capital it needs to borrow this quarter amid a growing fiscal deficit and dwindling cash reserves. The Treasury Department says it has increased its Q3 borrowing estimate to $1.007 trillion, significantly higher than its prior May estimate of $733 billion. The Treasury says the […]
The post US Government To Borrow $1,000,000,000,000 in Q3 As Deficit Widens and Debt Servicing Costs Shatter 11-Year High: Treasury Estimate appeared first on The Daily Hodl.
The US government’s spending is now exceeding its revenues by over a trillion dollars just eight months into the current fiscal year. The data comes from a newly released Treasury Department report which tracks the government’s receipts and expenses for the 2023 fiscal year, which runs from October 1st, 2022 to September 30th, 2023. According […]
The post US Deficit Explodes, Surpassing $1,390,000,000,000 As Government Spending Outpaces Revenue: Treasury Department appeared first on The Daily Hodl.
The total amount of US debt is climbing at a rapid rate. After crossing the $32 trillion mark on June 15th, the amount of outstanding American debt has already increased another $246 billion, according to new numbers from the Treasury Department. The current $32.246 trillion figure includes debt held by the public and debt held […]
The post $246,000,000,000 Added to US Debt in 13 Days As CBO Warns Fiscal Hole Could Hammer America’s Growth appeared first on The Daily Hodl.
