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Federal Budget

Federal Budget latest

US Capitol in Washington DC
June 22nd, 2024 - 07:25 GMT
Osama Ali

Osama Ali

WSJ: Rising US debt threatens to end its empire

ALBAWABA - The US federal debt is expected to exceed its GDP this year, with little public alarm and a government powerless to alter the trend. The Wall Street Journal says rising debt follows historical tendencies that lead to great power fall. Under Trump and Biden, the national debt has grown by $7 trillion apiece. Despite these astonishing numbers, neither major party has addressed the oncoming financial disaster. Niall Ferguson ...
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