America's gross national debt has reached an unfortunate high of $31 trillion for the first time ever, revealed a Treasury Department report on Tuesday. The artificial borrowing cap Congress imposed on the US government is progressively getting closer as debt edges closer to the statutory ceiling of $31.

US debt reaches all-time high of $31 trillion, by 2029 interest payments may overtake defence expenditure

A giant tsunami of debt has hit the world amid the pandemic with borrowings gone out of control. The world is staring at a giant pile of debt worth $226 trillion in total.

Global debt rises as financial crisis looms; China under threat

President Joe Biden and Democratic leaders in Congress in recent days have slashed their ambitions for a major expansion of America’s social safety net to a package worth $2.

Biden scales back his agenda in hopes of bringing moderates onboard

US President Donald Trump said Monday that a "compromise" bipartisan budget agreement has been reached that will boost federal spending by $320 billion and suspend the debt limit beyond the next presidential election.

US President Donald Trump, Democrats reach two-year budget deal that raises debt ceiling

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US debt reaches all-time high of $31 trillion, by 2029 interest payments may overtake defence expenditure

Global debt rises as financial crisis looms; China under threat

Biden scales back his agenda in hopes of bringing moderates onboard

US President Donald Trump, Democrats reach two-year budget deal that raises debt ceiling