America’s national debt is climbing higher with few solutions in sight. Total public debt outstanding exceeded $40 trillion for the first time in history — that’s nearly $300,000 per household. This figure should alarm every American, yet years of political promises of easy fixes have dulled the public’s sense of urgency. As America races past […]
Tag: debt,
Cash-strapped DNC shelled out more than $800K to non-voting territories like Virgin Islands while in debt
The Democratic National Committee (DNC) entered the final 100 days before the midterm elections Sunday at its Washington headquarters with debts exceeding cash by more than $2 million and no plans for its customary transfers to congressional campaign committees, after an early-spending strategy raised questions about support for House candidates in decisive swing districts. Federal […]
Ukraine fails to reach deal on restructuring $2.6 billion debt, faces default
The Ukrainian government said on April 24 that it has failed to reach an agreement with its debtholders to restructure some $2.6 billion of debt. This means Kyiv might have to default on paying some $600 million ahead of the deadline in late May. “Ukraine indicated that it could not accept the Restricted Holders’ Proposal […]