Political Divide
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'Horrific moment': Kirk killing reveals deep divides in U.S.
MSNBC· 2025-09-16 04:16
It is day 239 of the second Trump administration and this evening we are tracking important developments after the murder of Charlie Kirk. Today Vice President JD Vance hosted Kirk's podcast bringing several members of the administration on as a tribute and the president is expected to Kirk to attend Kirk's memorial in Arizona this coming Sunday. 22year-old Tyler Robinson has been arrested for allegedly shooting and killing the conservative influencer last week.Formal charges against Robinson are expected t ...
Consequences of U.S. debt on defense spending, Fmr. Chairman of Joint Chiefs of Staff weighs in
CNBC Television· 2025-07-07 21:30
US Debt & National Security - US national debt is seen as a significant threat to national security, potentially squeezing the discretionary defense budget [2][3] - The US is expected to spend $90 billion more on interest payments than on defense in 2024, marking a critical tipping point [4] - Increased defense spending by $2 billion this year and $150 billion over the next decade is projected due to recent tax and spending legislation [4] - The law will boost interest costs by $700 billion [4] - Adversaries like Russia and China may view US debt levels as a vulnerability [5] International Implications - China, a large foreign holder of US treasuries, has been steadily reducing its holdings [6] - Japan holds over $1 trillion worth of US debt, the most of any foreign country [6] - Reworking global trade relationships could impact international demand for treasuries and the US dollar [7][9] - Tariffs announced with Japan speak to the leverage that Japanese investors may have in trade talks [8] Potential Solutions & Challenges - Addressing the deficit requires a combination of spending cuts, tax increases, and a rainy day fund [11] - Solving the problem solely through tax revenue would require a 30% tax increase, while solving it solely through spending cuts would require a 25% spending cut [12] - Political divide is considered a major threat, potentially hindering efforts to address the debt issue [13]