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HomePosts Tagged "debt"

Stories tagged with: debt

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U.S. national debt surpasses $40 trillion for first time

by AP
The New York Stock Exchange is seen in New York, Thursday, March 19, 2026. (AP Photo/Seth Wenig, File) The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone... Read More.

U.S. debt exceeds GDP for first time since WWII. What it means

by CBS News
America’s national debt has surpassed the country’s gross domestic product for the first time since World War II, marking a stark increase in the government’s fiscal burden. Debt held by the public stood at $31.27 trillion at the end of April, edging above the U.S. GDP of $31.22 trillion between April 2025 and March 2026,... Read More.

Student loans in default to be referred to debt collection, Education Department says

by AP
WASHINGTON - The Education Department will begin collection next month on student loans that are in default, including the garnishing of wages for potentially millions of borrowers, officials said Monday. Currently, roughly 5.3 million borrowers are in default on their federal student loans. The Trump administration ‘s announcement marks an end to a period of leniency that... Read More.
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