national debt

The House narrowly passed a major tax bill that extends 2017 tax cuts, cuts green energy incentives, and introduces Medicaid work requirements. It also raises the debt ceiling by $4 trillion. Supporters claim it streamlines the tax code and promotes responsibility. Critics argue it favors the wealthy while endangering the budget and social safety nets. […]

The US has claimed it wishes to borrow a record $3t, as the budget for this quarter has been blown on COVID-19 financial rescue packages. In the whole of 2018, the county borrowed $1.28t, meaning $3t is a significant increase for the government. If the US government is successful at securing this figure, the total […]


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