China Owns US Debt, but How Much? By mid-2017, the total amount of official debt owed by the federal, state and local governments was more than $19.4 trillion. That figure was $22 trillion, as of Feb. 17, 2019. Some experts add more than $120 trillion in unfunded future liabilities on...
CNBC's Contessa Brewer reports the White House and Congress have reached a deal to raise the debt ceiling, according to a tweet from President Trump. source
A video looking at way you can't simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country having debt isn't necessarily a bad thing. The only reason the US has the most debt is because the...
May 16 -- The Treasury Department has released a breakdown of Saudi Arabia’s holdings of U.S. debt, after keeping the figures secret for more than four decades. Bloomberg's Andrea Wong has more on "Bloomberg Markets." source
Donald Trump's federal budget plan proposes large funding cuts with largely negative consequences. John Oliver examines the troubling priorities of the new administration. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook...
The Future Of The American Economy Debt And Inflation source
ABC's Robert Krulwich takes an animated look at China's investment in the U.S. source
The national debt of the United States is the total debt, or unpaid borrowed funds, carried by the Federal Government of the United States, As of 2019, the U.S. national debt was more than $22 trillion, which is greater than the economic output of the entire country. source
The US debt ceiling seems like it will keep increasing forever! With the US national debt towering over 22 trillion dollars, won't the Federal Reserve run out of money at one point to pay back these loans. But, it seems like the US Federal Government simply doesn't care about...