Elon Musk: “Without AI and robots, our national debt problem will destroy us. Interest payments are already bigger than the Defense Department budget.” https://t.co/s6wgGpTGo1 ...

JUST IN: 🇺🇸 U.S. national debt hits a record $37.9 TRILLION 😳Might want to grab some Bitcoin, just in case it catches on https://t.co/SpFA6lieki ...

Core Points - The U.S. government experienced a slightly smaller budget shortfall in the most recent year due to increased tariff revenue [1] - Despite the reduction in the budget shortfall, the national debt reached another record high and continues to rise without signs of slowing down [1] Summary by Categories Budget Shortfall - The budget shortfall was slightly smaller in the most recent year compared to previous years, attributed to higher tariff revenue [1] National Debt - The national debt has risen to a record high, indicating ongoing financial challenges for the U.S. government [1] - There are no indications that the growth of the national debt will slow down in the near future [1]

RT Peter Mallouk (@PeterMallouk)Red or Blue, the national debt only goes up. The government shutdown won’t change this. The only thing both parties can agree on is sending the bill to future generations. Next stop: $38 trillion. https://t.co/rNg6b5fcki ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The ongoing government shutdown, which commenced at the start of the month, is now predicted by Polymarket to extend well into October, with a significant 70% probability of lasting until Oct.15th or even later. 70% Bets See Government Reopening After Oct. 15 This forecast suggests a prolonged period of federal inactivity, stemming from deep-seated budgetary disagreements between Democrats and Republicans. ...

Core Insights - The ongoing government shutdown is expected to last until at least October 15, with a 70% probability of extending beyond that date, primarily due to budgetary disagreements between Democrats and Republicans [1][2][3] Budgetary Disagreements - The impasse is largely centered around healthcare spending, with Republicans proposing cuts while Democrats seek to maintain and extend enhanced Affordable Care Act (ACA) subsidies, which could add $1.5 trillion to the national debt over the next decade [4] Market Impact - Historically, government shutdowns have had minimal impact on the stock market, with the S&P 500 often performing well during such periods; for instance, during the 2018 shutdown, the S&P 500 rose by 10% [6] - Essential services like Social Security are expected to remain unaffected by the shutdown, alleviating some concerns regarding public benefits [5] National Debt Concerns - Despite the shutdown, government spending continues unabated, contributing to a rapid increase in national debt, which has risen by $1.7 trillion in less than three months, approaching $38 trillion [7] - The prolonged shutdown underscores ongoing fiscal challenges, with investors focusing on the implications of sustained government spending rather than the temporary nature of the shutdown [8] Price Action - The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) experienced declines, with SPY down 0.0015% and QQQ down 0.42% [10]

🇺🇸 NEW: US national debt rises by $6B daily, nearing $38T with projections to surpass that mark in 20 days.Does Bitcoin solve this? https://t.co/KATVCEIK3d ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump once again floated the idea of issuing rebate checks to Americans funded by the hundreds of billions of dollars in tariff revenue imposed by his administration. ‘A Dividend’ To The People of America On Thursday, Trump said the government has already taken in hundreds of billions of dollars from tariffs imposed on foreign nations since April. “They're just starting to kick in,” he sa ...

The U.S. government is currently collecting tariff revenues at an annualized pace of roughly $350 billion, a “significant” amount, according to Torsten Slok, chief economist at Apollo Global Management. In his typical style, one of brevity and striking charts, Slok added that the figure equates to roughly 18% of annual household income tax payments, underscoring that tariffs are not a marginal tool but a significant revenue source shaping America’s economic and trade landscape. Tariffs—essentially taxes i ...

🇺🇸 Senator Cynthia Lummis says a U.S. Bitcoin Strategic Reserve holding 1 million BTC for 20 years could wipe out half of the $37 trillion national debt. https://t.co/7AKfjzCEuD ...