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World's governments face $2T debt-servicing burden as borrowing costs hit two-decade highs
4+ day, 7+ hour ago (421+ words) OECD countries are now spending roughly 3% of their collective GDP just to service debt, with the US alone carrying a record $40 trillion in public obligations The world’s richest governments are now spending more than $2 trillion a year just to keep…...
The $2tn debt burden is squeezing governments across the world
4+ day, 16+ hour ago (569+ words) Rising borrowing costs and record government debt are forcing major economies to divert more public money towards interest payments, limiting room for defence, infrastructure and other spending priorities. Governments across the world are facing a growing fiscal squeeze as the…...
???The president hasn???t fully understood??? the debt problem, economist says
4+ day, 12+ hour ago (78+ words) ‘The president hasn’t fully understood’ the debt problem, economist says cnn.com ‘The president hasn’t fully understood’ the debt problem, economist says Bianna Golodryga speaks to economist Betsey Stevenson, Professor of Public Policy, University of Michigan, about surging Treasury yields,…...
The US has a $40 trillion debt crisis. Billionaire Warren Buffett knows how to solve it
4+ day, 18+ hour ago (703+ words) America had a headline-grabbing milestone this summer. Unfortunately, it wasn’t our America 250 celebration. Rather, it was passing the $40 trillion mark on our national debt. $40 trillion is a number that is very difficult to get your head wrapped around. It’s more…...
Abetz compares TT-Line’s $1.145 billion debt to a home mortgage
4+ day, 21+ hour ago (392+ words) Treasurer Eric Abetz has defended TT-Line’s long-term debt, comparing it to a home mortgage and insisting the government will back the company no matter what. During a heated question time this morning, Abetz faced repeated questions from opposition leader Josh…...
The U.S. isn’t alone in racking up big debt — and big interest payments
6+ day, 14+ hour ago (78+ words) Climbing borrowing costs have become a headache for Treasury Secretary Scott Bessent. But the United States is not the only country grappling with the potentially destabilizing consequences of soaring government debt. Investors are selling off government bonds around the world,…...
It???s the Debt Stupid, Part Duh
1+ week, 1+ day ago (1411+ words) By Bill Bonner PostedSeptember 5, 2026 Japan’s benchmark 30-year bond yield hit the 3% level for the first time since 1996 on Tuesday amid a broad-based global bond sell-off From the UK to Japan, bond yields are jumping as US bonds tumble Sometimes, the…...
Economist Warns America's $40 Trillion Debt Is ‘Stealing From Our Next Generation’: ‘We’re Basically Taking $2 Trillion From Our Future’
1+ week, 2+ day ago (495+ words) The U.S. national debt surpassed $40 trillion, and economist Michael A. Peterson warned that the growing debt burden is effectively "stealing from our next generation." Peterson said the federal government is effectively borrowing from the future by spending money now and passing the…...
Economist Warns America's $40 Trillion Debt Is 'Stealing From Our Next Generation': 'We're Basically Taking $2 Trillion From Our Future"
1+ week, 3+ day ago (440+ words) The U.S. national debt surpassed $40 trillion, and economist Michael A. Peterson warned that the growing debt burden is effectively "stealing from our next generation." Debt Burden Extends to Future Generations Peterson said the federal government is effectively borrowing from the future by…...
Bessent to Newsmax: US Debt 'Scary,' but Economy Remains Strong
1+ week, 3+ day ago (570+ words) By Newsmax Wires | Wednesday, 02 September 2026 08:06 AM EDT The nation's roughly $40 trillion federal debt must be brought under control, Treasury Secretary Scott Bessent acknowledged in an interview with Newsmax, but he insisted that the broader U.S. economy remains strong and economic growth…...