The United States' national debt has reached $40,000,000,000,000, doubling what it was just nine years ago. What has contributed to it, why isn't it slowing down, and who's to blame? NewsNation’s Elizabeth Prann, with analysis from Ted Jenkins and NewsNation's Steven Joachim, breaks down the U.S. debt ceiling and offers suggestions to start paying it back. How will President Trump's $5k payment vow factor into this continued increase? 0:00 - What is the debt ceiling? 6:45 - Who is the U.S. paying? 12:31 - Washington's favorite political weapon 15:19 - What happens if Congress doesn't act? NewsNation National Correspondent: Elizabeth Prann Executive Producer: Andy Gipson Editorial Producer: Meagan Ourada Segment Producer: Christine…
The Senate returns this week to a packed agenda, with lawmakers facing a trio of unfinished priorities: crypto legislation, the farm bill and the budget resolution that Republicans need to unlock a third reconciliation package. One question hanging over the chamber is whether Republicans can get on the same page with the budget resolution. Conservative fiscal hawks have railed against the lack of spending offsets in the package. Read more: https://thehill.com/newsletters/this-week-on-the-hill/6086967-senate-budget-resolution-crypto-farm-bill/ #Congress #Senate #HouseofRepresentatives #MikeJohnson #DrewPetrimoulx
President Trump took to Truth Social over the weekend to praise sweeping renovations to the White House and blast his predecessors for letting the 232-year-old building fall into disrepair, a claim that arrives alongside ballooning cost estimates and a political fight over who foots the bill. In a Sunday post, Trump shared photos of a […] The post Trump celebrates White House renovations, calls building a 'dump' under past presidents appeared first on American Almanac .
President Trump took to Truth Social over the weekend to praise sweeping renovations to the White House and blast his predecessors for letting the 232-year-old building fall into disrepair, a claim that arrives alongside ballooning cost estimates and a political fight over who foots the bill. In a Sunday post, Trump shared photos of a restored column and declared the executive mansion "in better shape than when built in 1792," while calling the condition he inherited "very bad" and the building itself, in his word, a "dump." He credited the Department of the Interior, led by Secretary Doug Burgum, and unnamed contractors for what he described as a "fantastic job," the New York Post reported . The posts cap a stretch of ambitious…Open
Californians saw an average increase in their federal income taxes to $26,588 per filer. Delaware, interestingly, saw a decrease between 2021 and 2025 to $33,353 per filer.
Hundreds of organizations have urged Congress to pass the BUILD America 250 Act, including the American Public Transportation Administration, American Trucking Associations, and the American Council of Engineering Companies
Rep. Mike Flood (R-NE) joins Chris Stirewalt to discuss President Trump’s proposed $5,000 dividend, saying funding the military and replenishing U.S. munitions should come first. Flood also weighs in on the war with Iran, and calls for guardrails around artificial intelligence. #military #ai #iran
Consumer prices rose at a 3.4 percent annual pace in August, well above the Federal Reserve's 2 percent target, and with real wages falling for a fifth straight month, American workers are losing ground. The August Consumer Price Index data, released Friday, showed prices climbed 0.4 percent from July alone. Core inflation, which strips out […] The post August inflation report strengthens the case for a Fed rate hike next week appeared first on American Almanac .
Consumer prices rose at a 3.4 percent annual pace in August, well above the Federal Reserve's 2 percent target, and with real wages falling for a fifth straight month, American workers are losing ground. The August Consumer Price Index data, released Friday , showed prices climbed 0.4 percent from July alone. Core inflation, which strips out volatile food and energy costs, rose 0.3 percent on the month and 2.4 percent year over year. The so-called "supercore" measure, services minus energy and housing, a gauge the Fed watches closely, accelerated to 0.5 percent in August, running at a 3 percent annual clip. The numbers land days before the Fed's policy-setting committee meets Tuesday and Wednesday. Federal-funds futures markets now price…Open
The national debt has blown past $40 trillion for the first time, and the interest alone now costs taxpayers more than $1 trillion a year, a bill that budget experts warn will crowd out defense, drive up borrowing costs, and drag down wages for a generation. The milestone arrived in August, just five months after […] The post America's $40 trillion debt tab lands on every taxpayer's doorstep appeared first on American Almanac .
The national debt has blown past $40 trillion for the first time, and the interest alone now costs taxpayers more than $1 trillion a year, a bill that budget experts warn will crowd out defense, drive up borrowing costs, and drag down wages for a generation. The milestone arrived in August, just five months after the debt crossed $39 trillion in March. Five months before that, it had hit $38 trillion. Each trillion-dollar jump is coming faster than the last, a pace that AP News reported has left the United States ranked dead last in fiscal health among developed countries, according to OECD data. That $40.047 trillion figure is not an abstraction. It works out to roughly $120,000 for every American taxpayer and nearly $300,000 per…Open
