U.S. Deficit Reaches $1.4 Trillion as Interest Costs Strain Federal Budget

Don’t look now: The federal deficit is even worse than you thought

Only nine months into fiscal year 2026, the U.S. government has already borrowed 1.4 trillion, surpassing the entire federal deficit of the previous fiscal year. The federal government collected 4.2 trillion over the past nine months and spent or lost a total of 5.5 trillion, according to a new Congressional Budget Office report. During the []...Click to read more

US Debt Exceeds 100% of GDP for the first time since World War II

The United States has crossed a milestone that Washington has spent decades pretending would never arrive. Federal debt held by the public has now exceeded 100 of GDP for the first time since the aftermath of the Second World War. According to the latest government data, debt held by the public reached approximately 31.27 trillion []

I saw British soldiers killed due to spending failures. More money isn’t the answer

Without radical change, simply 'spending more' will be a catastrophic waste we can't afford

Fall in funding cuts aid to 1 million women: UN

The US was the first to slash billions in foreign assistance in 2025, but other major donors have followed suit.

Americans Are Spending More, But Their Savings Are Quietly Disappearing

Americans Are Spending More, But Their Savings Are Quietly Disappearing

America’s savings rate has plunged

But don’t panic

U.S. National Debt Climbs From $71 Million in 1790 to $39 Trillion in 2025

(NaturalNews) The U.S. national debt stood at 39 trillion as of 2025, according to a report cited by NaturalNews.com [1]. The debt has grown from 71 million recor...

$37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

A new legislative push in Washington is targeting billions of dollars in improper government spending by tightening rules on how states track Medicaid funds. Senate Committee on Aging Chairman Rick Scott and U.S. Representative Gus Bilirakis introduced the Medicaid RAC Improvement Act of 2026, a bicameral bill designed to force all states to participate in [] 37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

US Treasury now paying $24 billion a WEEK in interest on its debts...

US Treasury now paying 24 billion a WEEK in interest on its debts... (First column, 7th story, link)

National debt interest and entitlement spending push FY2026 federal budget deficit toward $2 trillion

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit 35 billion higher than last year.

Violent crime is falling — now is the wrong time to cut federal prison funding

A proposed budget cut is threatening to undo this progress, and if it passes, Americans will be less safe.

Big Beautiful Bill Cuts $5 billion From State Budget Over 5 Years, Affecting Over 700,000 Coloradans

Colorado’s budget pain will be inflamed by the loss of over 5 billion in federal funds in the next five years, due to the Big Beautiful Bill (BBB), passed by congressional Republicans and signed by President Donald Trump last year.

US states seek $1.4 trillion from Meta

Meta could face up to 1.4 trillion in penalties after four US states accused it of designing addictive features for young users Read Full Article at RT.com

Team Trump uses tax dollars to scuttle renewable energy project (yet again)

As one key Democratic member of Congress summarized, “It is hard to imagine a more backwards use of taxpayer money.” The post Team Trump uses tax dollars to scuttle renewable energy project (yet again) appeared first on MS NOW.

YouTubers Help Feds Uncover $65 Million Elder Fraud Scheme as 30 Defendants Charged

More than 30 defendants have been charged in a 65 million multinational fraud and money laundering scheme targeting elders across the United States, with a little help from the YouTubers behind channels Scammer Payback and Trilogy Media. Scammer Payback host Pierogi, alongside Trilogy Media’s Ashton Bingham and Art Kulik (who also host the Fox Nation []

Major bills loom as Delaware lawmakers face final day of session

As the final day of the 2026 legislative session approaches on Tuesday, several bills face uncertain futures, including a slate of property tax reforms and legislation that seeks to rein in healthcare costs. Also pending is the state’s perennially contentious capital budget that would distribute nearly 1.26 billion dollars to state building projects. The post Major bills loom as Delaware lawmakers face final day of session appeared first on Spotlight Delaware.

The hidden cost of complacency and Jay Roland’s mission against corporate America’s technical debt crisis

Corporate America is hemorrhaging money through inefficient IT business processes, and Jay Roland, founder of Varex Solutions, believes that the industry is complacent about it. Technical debt, which is the accumulated cost of deferred IT fixes, misconfigurations, and other operational inefficiencies, is projected to cost US enterprises 2.41 trillion a year, costing 1.52 trillion to fix. With numbers this staggering, Roland argues [] This story continues at The Next Web

Democratic socialists have lots of ideas, but how are we supposed to pay for them?

America carries nearly 40 trillion in national debt as democratic socialism proposals promise tuition-free college and universal healthcare.

An Explosion of Household Debt

America's swelling debt pile bodes ill for the the US economy, Societe Generale said.

Business : Government's Statutory Debt Projected To Remain Below 65% Of GDP In 2026

KUALA LUMPUR, July 9 (Bernama) -- The federal government's statutory debt level, after taking into account borrowing requirements for 2026, is projected to remain below 65 per cent of gross domestic product (GDP).

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus Refundable Credits scheme—combined.

India's external debt rises to $762.8 billion in FY26, debt-to-GDP ratio climbs

India's external debt reached 762.8 billion by March 2026, a rise of 26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8. The US dollar's strength significantly impacted this figure. While long-term debt saw a modest increase, short-term debt's share grew, raising concerns about its proportion to foreign exchange reserves. Despite these shifts, debt servicing as a percentage of current receipts declined.

War pause eases pressure on FY27 fiscal deficit target as govt sees improving outlook

The latest fiscal accounts nevertheless reflect the impact of front-loaded government spending.

America's Interest Bill Is Now Bigger Than the Pentagon's Budget

America's Interest Bill Is Now Bigger Than the Pentagon's Budget

Federal Reserve Holds Rates Steady as Credit Card APRs Stay Near 19.56%, Keeping Pressure on Household Budgets

Millions of Americans carrying revolving credit card balances are unlikely to see meaningful borrowing relief after the Federal Reserve left its benchmark interest rate unchanged, a decision that has kept average credit card annual percentage rates hovering around 19.56, according to Bankrate.

Tax cuts, pay rises and text message changes on the way

A new financial year brings with it a raft of changes to government payments, tax rates and business reporting requirements.

India’s rupee denominated external debt up 10 percentage points over the last 15 years

This evolving debt profile underscores both the challenges and changing dynamics of India’s financial landscape as it navigates a complex global economic environment.

US Goods Trade Deficit Widens Sharply amid Supply Concerns

The United States recorded a sharp widening in its goods trade deficit in May 2026, underscoring heightened volatility in global supply chains as businesses rushed to secure imports amid geopolitical uncertainty.

UWM Walked Away From the Two Harbors Bidding War. That Might Be the Best News for Shareholders.

United Wholesale Mortgage lost out to CrossCountry Mortgage, but that could actually be a sign of fiscal prudence.

Rick Scott Pushes Bills Targeting AI – Driven Cybercrime Schemes

U.S. Sen. Rick Scott is calling on Congress to pass a package of bills aimed at cracking down on scammers who defraud and exploit Americans, including seniors who have increasingly been targeted through phone scams, cybercrime and artificial intelligence. Scott said the legislation is part of a broader push to combat fraud and hold criminals []

Inherited fiscal chaos: new government says true deficit hit 8.3%

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Construction Spending Inches Up Slightly in May

Despite a slight uptick in overall spending, many sectors' spending declined year-over-year.

Anwar says federal govt saddled with Felda’s nearly RM1b annual debt

JOHOR BAHRU, July 5 — The federal government is now saddled with Felda’s nearly RM1 billion annual debt, as...

The Repo Man Coming for Your Ride

As America’s auto debt nears 1.7 trillion, repossessions are reaching levels not seen since the Great Recession. Inside an industry at the front line of the country’s affordability crisis.

US Debt, Global Fiscal Ratios Still Concerning, Says Citi's DeQuadros

Conrad DeQuadros, Citi Wealth head of economics, said that the level of US debt and questions around fiscal ratios across the globe are still a point of concern for economists even as the economy is in good shape. DeQuadros said that questions the amount of room the deficit has a stabilizing force given a potential economic downturn. (Source: Bloomberg)

RBI sees bad loans edging up to 1.9% by FY28

RBI sees bad loans edging up to 1.9% by FY28

Financial borrowing and dependency

Financial borrowing and dependency

National Defense Appropriations Bill Reduces Spending, Energy Bill Needs Cuts

By Thomas Aiello.

Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity

American consumers — and the Federal Reserve — are being hit with another high-cost headache.