On Friday, September 29, 2017, after months of dysfunctional delay, the U.S. Senate finally got around to passing its own version of a budget blueprint for the U.S. government’s 2018 fiscal year, which officially got underway on Sunday, October 1, 2017. Politico‘s Sarah Ferris describes some of the politics that are built into the…
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According to CNBC, Apple Computer has loaned the U.S. government over $52.6 billion, where if the company were a foreign country, it would rank 22nd among the major foreign holders of the publicly-held portion of the U.S. government’s total public debt outstanding. That amount is just 0.2% of the entire public debt outstanding as…
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The U.S. government’s total public debt outstanding finally surpassed the grim milestone of $20 trillion on September 8, 2017, following President Trump’s surprising deal with Congressional Democrats to suspend the statutory debt ceiling through December 15, 2017. On that Friday, the national debt jumped by $317.6 billion to reach $20.16 trillion. The total public…
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The government in question is that of Venezuela, which is nearing default as it is running out of resources to pay back the money it owes to its Russian creditors according to the terms it accepted when it chose to borrow money from them. MOSCOW, Sept 8 (Reuters) – Russian Finance Minister Anton Siluanov…
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Following up President Trump’s surprising deal with Congressional Democrats to suspend the U.S. government’s statutory debt ceiling through December 15, 2017 as part of providing funding to support hurricane damage relief in Texas, Louisiana and Florida, President Trump also appears to have reached a “gentleman’s agreement” to permanently eliminate the statutory debt ceiling altogether….
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It’s official! The 2017 edition of Government Shutdown Theater, which MyGovCost hinted was coming less that two weeks ago, was initiated by President Trump at a speech in Phoenix, Arizona on Tuesday, August 22, 2017. The Hill‘s Mike Lillis reports on the now increased chance that the U.S. government will be partially shut down…
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For the U.S. national debt, the date of March 16, 2017, marks the day when the statutory debt ceiling, which limits how much money the U.S. government can borrow, will go back into effect for the first time since it was suspended back on November 2, 2015, as part of former President Obama’s last…
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Last week, on February 22, 2017, President Trump spoke to the press for the first time about the budget and the national debt while attending an informal federal budget meeting at the White House. Here are some quick quotes that stood out during his introductory remarks, first off, covering his impression of the overall…
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President Obama is vacationing in Hawaii, the state where he was born and spent his childhood. According to Anita Kumar of McClatchy News, this annual trip cost taxpayers $3.5 million and the total cost of the first family’s travel comes to $85 million, possibly $90 million when further records are released. All told, except…
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On August 31, total U.S. government debt surpassed $16,000,000,000,000—that’s $16 trillion—for the first time, according to the Treasury Department. The exact amount of the debt on August 31 was $16,015,769,788,215.80, a full $25,000,000,000 – that’s $25 billion—more than what it was the day before on August 30. So the debt is now much more…
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