trillion

In an Oct. 31 X post, businessman and 2024 presidential hopeful Vivek Ramaswamy claimed the U.S. racked up $7 trillion in debt as a result of the Iraq and Afghanistan Wars. After 9/11, George Bush and Dick Cheney sent America’s sons and…

Democratic lawmakers introduced a resolution Wednesday requesting the federal government pay black Americans for centuries of racial discrimination, NPR reported. Democratic Missouri Rep. Cori Bush announced the resolution, which calls for…

Americans continue to bury themselves in credit card debt this year, with the latest total balance inching close to $1 trillion.U.S. consumers now owe $986 billion on their charge cards, according to Federal Reserve Bank of New York…

Woman making a cash withdrawal at an ATM.Getty ImagesTotal consumer debt hit a fresh new high in the first quarter of 2023, pushing past $17 trillion even amid a sharp pullback in home borrowing.The total for borrowing across all categories…

The diesel-powered trucking industry moves a majority of freight, up to 70% in the U.S. alone. In California, trucks are the largest single source of vehicle-produced air pollution that "spew 70% of the state's smog-forming gases and 80% of…

Australia had no net debt in 2006 but now has $548.6 billion of it thanks to the stimulus measures needed in the global financial crisis and the pandemic. At 21.6 per cent of GDP, this is lower than other advanced economies but the largest…

Jigar Shah, the director of the Loan Program Office in President Joe Biden’s Department of Energy (DOE), said Biden’s pledge to cut emissions in half this decade will cost $10 trillion, according to The New York Times. Shah’s office…

The Congressional Budget Office (CBO) released a report Monday revealing that the federal government under the Biden Administration has already spent nearly $1 trillion in the first seven months of the 2023 fiscal year. The federal budget…

“We’ve made substantial progress when it comes to repairing the budget and we’ll continue our efforts in the budget I hand down on Tuesday.”But the size of the nation’s interest bill is growing slower than the government had…

Merchant payments on Unified Payments Interface are expected to reach $1 trillion by FY26, driven by a growth rate of 40 to 50%, said Bain and Company in the Future of India Retail Payments report published on Thursday.The growth in…