News with the tag "US national debt"

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

Amid the talks of building a strategic Bitcoin reserve under Donald Trump’s administration, experts have started weighing in on the feasibility of such a proposal and to what extent it would help in reducing the massive $36 trillion US national debt. Wyoming Senator Cynthia Lummis, who has been acti...

The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin ( BTC ) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto ass...

The Bipartisan Policy Center says the US government’s multi-trillion dollar debt is now a clear threat to national security. The Washington-based think tank highlights in a blog post that the US shelled out nearly $1 trillion just to pay the interest of its ballooning national debt during the 2024 f...

New numbers show the US government is piling a staggering amount of debt onto its balance sheet every single day. The nonpartisan, nonprofit Committee for a Responsible Federal Budget (CRFB) says the federal government is now borrowing $8 billion per day just to keep things running. Citing data from...

MicroStrategy chairman Michael Saylor has once again stressed the importance of the US having a strategic Bitcoin Reserve. In his latest CNBC interview, Saylor said that accumulating one million Bitcoins over the next five years can help the government reduce the US national debt by a staggering $16...

The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to...

The US national debt just hit a new record high after the Treasury Department added $104 billion to its outstanding balance in a single day. The Treasury’s Debt to the Penny database shows the government’s pile of debt is close to $36 trillion, clocking in at $35.951601173936 trillion. The US shatte...

The International Monetary Fund (IMF) is sounding the alarm on skyrocketing levels of debt held by governments around the world. In its newest Fiscal Monitor Report, the IMF says global debt is expected to surpass $100 trillion by the end of the year. That’s up from $97 trillion a year ago, with the...

The US government just spent nearly $1 trillion to service the interest on its rapidly growing national debt. Data from the Congressional Budget Office (CBO) says the government ran an approximately $1.8 trillion budget deficit for the 2024 fiscal year, which ended on September 30th. The government ...