Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk warned about the rise in federal government spending, adding it could lead the United States to bankruptcy."Federal government spending will bankrupt the country, unless action is taken to reduce government...
United States President Joe Biden insisted in his State of the Union address that his administration cut the national deficit by over a trillion dollars and set a goal to reduce it even more.
Biden stressed that he intends to make corporations pay their "fair share of taxes." "Fair tax code is how we make...
The German government wants the European Union to tighten its debt reduction policy for countries heavily in debt, the Financial Times reported on Thursday. It calls for rules that would require the debt-to-GDP ratios in these countries to fall by 1 percentage point per year, while countries with less...
The United States national debt and deficit will grow slower than anticipated in the next thirty years, mainly as a result of lower interest rates and cuts in disaster spending, the US Congressional Budget Office (CBO) said on Tuesday. The national debt will climb to as much as 141% of the US economy in...
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