The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin (BTC) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will […]
The post Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano appeared first on The Daily Hodl.
The Bipartisan Policy Center says the US government’s multi-trillion dollar debt is now a clear threat to national security. The Washington-based think tank highlights in a blog post that the US shelled out nearly $1 trillion just to pay the interest of its ballooning national debt during the 2024 fiscal year (FY), which ran from […]
The post $36,000,000,000,000 US Debt Is National Security Issue As Massive Interest Payments Mount: Washington-Based Think Tank appeared first on The Daily Hodl.
New numbers show the US government is piling a staggering amount of debt onto its balance sheet every single day. The nonpartisan, nonprofit Committee for a Responsible Federal Budget (CRFB) says the federal government is now borrowing $8 billion per day just to keep things running. Citing data from the Congressional Budget Office (CBO), the […]
The post US Borrowing $8,000,000,000 Per Day As Ratings Agency Moody Issues Warning on Nation’s Deteriorating Fiscal Strength appeared first on The Daily Hodl.
The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to more than $35.91 […]
The post $1,920,000,000,000 Debt Explosion Hits US As International Monetary Fund Issues Dire Warning on Nation’s ‘Loose Fiscal Policy’ appeared first on The Daily Hodl.
The US national debt just hit a new record high after the Treasury Department added $104 billion to its outstanding balance in a single day. The Treasury’s Debt to the Penny database shows the government’s pile of debt is close to $36 trillion, clocking in at $35.951601173936 trillion. The US shattered the $35 trillion barrier […]
The post US Treasury Adds $104,000,000,000 To National Debt in One Day As Total Outstanding Debt Shatters Record High at $35,951,000,000,000 appeared first on The Daily Hodl.
The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world. In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year. That’s up from $97 trillion a year ago, with the United States […]
The post Global Debt Will Shatter $100,000,000,000,000 This Year As Governments Prepare To Increase Spending, Warns IMF appeared first on The Daily Hodl.
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 […]
The post US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office appeared first on The Daily Hodl.
Bridgewater Associates founder Ray Dalio says America’s $35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House. In a new interview with Bloomberg at the Milken Institute Asia Summit 2024, Dalio says the fast-approaching November election represents a crossroads for a number of critical issues including taxation […]
The post Billionaire Ray Dalio Says $35,327,646,622,839 US National Debt Will Not Reverse – Here’s His Outlook appeared first on The Daily Hodl.
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 […]
The post US Government Paying $3,000,000,000 in Interest on National Debt Every 24 Hours: Report appeared first on The Daily Hodl.
Macro expert Lyn Alden says she’s “very bullish” on Bitcoin (BTC) over the longer term amid the soaring interest payments of the US government to its more than $35 trillion national debt. Alden notes in a recent newsletter that BTC has been highly correlated with global liquidity, a trend the analyst expects to continue. “My […]
The post Macro Guru Lyn Alden ‘Very Bullish’ on Bitcoin Over Next Five Years Amid Large US Interest Payments on Debt appeared first on The Daily Hodl.
