HECKIN YIKES: America's national debt has now surpassed $31 trillion. Reactions and seething everywhere

https://old.reddit.com/r/conspiracy/comments/xvzx8e/us_national_debt_tops_31_trillion_for_first_time/

https://old.reddit.com/r/neoliberal/comments/xvu78h/us_national_debt_tops_31_trillion_for_first_time/

https://old.reddit.com/r/politics/comments/xvtkjp/americas_national_debt_has_now_surpassed_31/

https://old.reddit.com/r/Conservative/comments/xvrguh/national_debt_surpasses_31_trillion/

https://old.reddit.com/r/TheBidenshitshow/comments/xvq97q/national_debt_surpasses_31_trillion/

https://old.reddit.com/r/economy/comments/xvq5fo/us_national_debt_tops_31_trillion_for_first_time/

https://old.reddit.com/r/economicCollapse/comments/xvq341/us_national_debt_tops_31_trillion_for_first_time/

https://old.reddit.com/r/N_N_N/comments/xvq11x/the_us_national_debt_hit_31_trillion_for_the/

https://old.reddit.com/r/shutupbengarrison/comments/xviv1u/the_national_debt_like_everything_else_benny/

https://x.com/RepTomEmmer/status/1577291842357497859#m

https://x.com/TheInsiderPaper/status/1577391173509197824#m

https://x.com/WatcherGuru/status/1577401570387316736#m

https://x.com/disclosetv/status/1577400801881952274#m

https://x.com/NickAdamsinUSA/status/1577440046923542528#m

https://x.com/ArtValley818_/status/1577397038014029824#m

https://x.com/leslibless/status/1577442126434304002#m

https://x.com/nytimes/status/1577390443129671690#m

https://x.com/FoxNews/status/1577396226563182594#m

https://x.com/unusual_whales/status/1577402484586385411#m

https://x.com/GoldTelegraph_/status/1577407952482406440#m

https://x.com/AP/status/1577485509475057664#m

https://x.com/newsmax/status/1577406805252395008#m

Orange Site:

https://news.ycombinator.com/item?id=33090396

America's national debt has now surpassed $31 trillion | CNN Business

Following a two day meeting, Federal Reserve officials are set to release their January monetary policy decision which economists predict could be an increase in interest rates.

Recession jitters and the trickling impact on Americans

CNN’s Vanessa Yurkevich speaks with Florida business owners as the US struggles to fill open jobs.

Lisa Altman

Today, he says Powell would admit the Fed underestimated inflation and that more unemployment would help combat inflation.

John General/CNN

Over 20 million Americans are behind on utility bills, and as energy inflation continues, many risk losing power and facing extreme weather. University of Michigan economics professor Justin Wolfers explains what Federal Reserve Chairman Jerome Powell meant in his comments about the state of inflation and the US economy. At the Federal Reserve’s annual Jackson Hole Economic Symposium, chairman Jerome Powell addressed the central bank’s commitment to controlling inflation.

Middle class Black Americans react to economy under Biden

San Francisco Federal Reserve President Mary Daly addresses recession concerns and tells CNN’s Julia Chatterley that the Fed is committed to bringing the “economy back to a sustainable path. CNN’s Allison Morrow tells “Nightcap’s” Jon Sarlin there are signs prices are moderating, but consumers are still feeling the pain of inflation.

Inflation is cooling but prices are still painfully high

President Joe Biden signed the $750 billion health care, tax and climate bill into law. CNN Chief Business Correspondent Christine Romans breaks down what’s in the Inflation Reduction Act.

CNN Business

America’s national debt has climbed north of $31 trillion for the first time, a milestone that comes at a time of historically high inflation, rising interest rates and growing economic uncertainty. The nation’s total public debt outstanding closed at $31.1 trillion on Monday, according to Treasury Department data published Tuesday. Outstanding debt has climbed nearly $8 trillion since the beginning of 2020. And it has jumped by $1 trillion in just eight months.

Now, during a period of historically high inflation and a series of steep interest rates hikes by the Federal Reserve in its battle to tame rising prices, borrowing costs are far higher. The Committee for a Responsible Fiscal Budget last month estimated that President Joe Biden’s policies could add $4.8 trillion to deficits between 2021 and 2031. “Excessive borrowing will lead to continued inflationary pressures, drive the national debt to a new record as soon as 2030 and triple federal interest payments over the next decade – or even sooner if interest rates go up faster or by more than expected,” the CRFB wrote. “Any type of debt issue is really a potential issue – I wouldn’t even say a certain issue – but a potential issue for five to 10 years down the road,” he said.

“One of the benefits of being the world’s reserve currency is everyone wants to buy your debt for cheap.