https://www.live-feeds.com/feed/debt-and-tax-cutsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/debt-and-tax-cutshttps://www.live-feeds.com/feed/debt-and-tax-cuts#u49531Thu, 27 Aug 2026 04:50:13 +0000The United States national debt has topped $40 trillion, doubling in less than ten years. Rising borrowing costs and persistent deficits have increased long-term financial risks. Amid this debt surge, Senators Dick Durbin and Bill Cassidy are attempting to block a projected 22% cut to Social Security benefits scheduled for 2032. While both Republicans and Democrats have proposed methods to reduce debt, neither party has implemented the tax increases or program cuts necessary to stabilize finances due to fears of voter backlash.Why it mattersHigh interest rates have increased the cost of servic https://www.live-feeds.com/feed/debt-and-tax-cutshttps://www.live-feeds.com/feed/debt-and-tax-cuts#u48452Tue, 25 Aug 2026 12:55:20 +0000The United States national debt has reached $40 trillion, straining interest costs and current spending priorities. The growing debt has sparked discussions on potential solutions, including tariffs to generate revenue and create jobs. Critics describe recent Treasury moves as "soft-form financial repression." The issue has become a pressing concern, with Congress struggling to find solutions to pay for rising social safety net costs.Why it mattersThe US national debt has significant implications for the country's fiscal health and ability to fund social programs. Rising interes https://www.live-feeds.com/feed/debt-and-tax-cutshttps://www.live-feeds.com/feed/debt-and-tax-cuts#u47418Mon, 24 Aug 2026 10:02:34 +0000The United States national debt has reached $40 trillion, triggering warnings that interest costs are now competing with current spending priorities. In response to the milestone, JD Vance stated that Scott Bessent has a "very discreet plan" to reduce the total debt. While the administration looks toward tariffs to generate trillions of dollars in revenue and create jobs, critics describe recent Treasury moves in the currency and bond markets as "soft-form financial repression."Why it mattersThe climb to $40 trillion marks a critical threshold for Washington spending. This