Tag: us national debt

US debt hits $40 trillion, raising inflation fears. (Pexel/Representative image) (Pexel)
Posted in Business

US debt hits $40 trillion: Why high inflation could cause a ‘lost decade’ for stocks

US government debt has reached a record $40 trillion. The huge debt pile is raising fresh concerns about what it could mean for the stock…

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US federal deficit is expected to hit $2.1 trillion in 2026 as spending rises faster than tax revenue, while debt interest and benefit costs climb. (AFP)
Posted in Business

US federal deficit set to hit $2.1 trillion as spending outpaces tax revenue, CBO says

The US federal budget deficit is on track to cross $2 trillion in fiscal year 2026, making it one of the biggest shortfalls ever recorded….

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