America’s ‘Debt Spiral’ Is Nearing a Critical Threshold
Big Take2 Helmi 2024

America’s ‘Debt Spiral’ Is Nearing a Critical Threshold

When the US borrows money, just like any borrower, it needs to pay its loans back with interest.

The national debt right now is $34 trillion and rising. Soon, America will need to spend more each year paying interest on the debt than it spends on national defense.

Today on Bloomberg’s Big Take DC, host Saleha Mosin talks to Bloomberg reporter Liz McCormick and Phillip Swagel, director of the Congressional Budget Office, on what it would take to rein in the US's government's debt spiral.

Get this episode and Big Take DC episodes a day earlier by subscribing to Big Take DC.

See omnystudio.com/listener for privacy information.

Jaksot(862)

The Escalating Conflict With Iran

The Escalating Conflict With Iran

Targets in Iran, Israel and in the Middle East are under attack in an unprecedented escalation in the conflict between the US and Iran. The combat operations come after weeks of negotiations between t...

1 Maalis 15min

Former Goldman Sachs CEO Lloyd Blankfein Says the Market Is Due For a Reckoning

Former Goldman Sachs CEO Lloyd Blankfein Says the Market Is Due For a Reckoning

After steering one of Wall Street’s iconic investment banks through the financial crisis, former Goldman Sachs CEO Lloyd Blankfein is investing his own money and, with the publication of a new memoir,...

1 Maalis 36min

Special Report: US and Israel Strike Iran

Special Report: US and Israel Strike Iran

President Donald Trump says the US has begun major combat operations against Iran. Airstrikes have been carried out by Israel and the US, with multiple provinces hit. Iran in turn has fired back at Is...

28 Helmi 11min

The Sixth Bureau Episode 4: The Duck Analogy

The Sixth Bureau Episode 4: The Duck Analogy

In Episode 4 of The Sixth Bureau, a series from The Big Take, we follow a spy from China’s Ministry of State Security as he tries to plan a delicate overseas meeting with a valuable source. But the pe...

27 Helmi 33min

How the ‘Power Game’ Is Reshaping Venezuela

How the ‘Power Game’ Is Reshaping Venezuela

After US forces captured former Venezuelan President Nicolás Maduro in January, President Donald Trump said the US would “run” the South American country. What’s actually happened since? On today’s Bi...

26 Helmi 18min

Is Apple Winning the ‘AI Scare Trade’?

Is Apple Winning the ‘AI Scare Trade’?

As the “AI scare trade” jolts companies large and small, Apple shares keep doing their own thing. The company has “decoupled” to the greatest degree in 20 years from forces moving the rest of the Nasd...

25 Helmi 16min

A Guide to the State of Trump and the Union

A Guide to the State of Trump and the Union

President Trump heads into Tuesday evening’s State of the Union address with sagging poll numbers just days after his signature tariff strategy was struck down by the Supreme Court. As a speaker with ...

24 Helmi 15min

After Trump's Major Tariff Setback, The World Asks: What Now?

After Trump's Major Tariff Setback, The World Asks: What Now?

From Brussels to Beijing, the United States’ largest trading partners are digesting the Supreme Court’s decision to overturn President Trump’s signature tariffs — along with his threats to impose new,...

23 Helmi 17min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
tervo-halme
rss-vaalirankkurit-podcast
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
the-ulkopolitist
rss-hyvaa-huomenta-bryssel
rss-merja-mahkan-rahat
aihe
rikosmyytit
rss-kaikki-uusiksi
rss-raha-talous-ja-politiikka
rss-aijat-hopottaa-podcast
rss-polikulaari-pitka-kiekko-ja-muut-ts-podcastit