America’s ‘Debt Spiral’ Is Nearing a Critical Threshold
Big Take2 Feb 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.

Avsnitt(857)

Paying For Childcare So You Can Work...To Pay For Childcare

Paying For Childcare So You Can Work...To Pay For Childcare

If you’re a working parent, finding childcare is almost certainly a source of stress in your life. It’s often a struggle to find an opening and when you do, it can be crazy expensive. This presents a ...

30 Mars 202328min

What’s a Guardianship?

What’s a Guardianship?

Guardianships in the US are supposed to help vulnerable people who can’t help themselves.  But a Bloomberg Law investigation reveals a loosely regulated system in which those placed under guardianship...

29 Mars 202328min

Can The US Really Ban TikTok? It’s Complicated

Can The US Really Ban TikTok? It’s Complicated

There’s at least one thing Democrats and Republicans in Washington have in common: suspicions about TikTok’s ties to China. The Biden administration and members of congress from both parties are urgin...

28 Mars 202330min

The Banking Crisis Is Opening a New Chapter of Capitalism

The Banking Crisis Is Opening a New Chapter of Capitalism

A lot has been said about the collapse of Silicon Valley Bank and Credit Suisse. But one important thing revealed by those closely scrutinized failures has largely gone unnoticed: the changing relatio...

27 Mars 202328min

Your Pet Is Costing You A Fortune and You Don’t Care

Your Pet Is Costing You A Fortune and You Don’t Care

The global pet economy is expected to reach nearly half a trillion dollars by 2030. After a pandemic surge in pet adoptions, more people are buying ever more expensive food and toys for their furry fr...

24 Mars 202325min

Will ChatGPT Steal Your Job?

Will ChatGPT Steal Your Job?

As the technology powering artificial intelligence keeps improving, it’s getting harder to tell the difference between human and machine. And that means companies are looking to capitalize on its uses...

23 Mars 202334min

Apple Looks To Grow Some New Roots

Apple Looks To Grow Some New Roots

The story of Apple’s rise to become the world’s most valuable company is also the story of its relationship with China. Apple’s vast manufacturing and supply chain operation there has been one of the ...

22 Mars 202327min

Washington Takes Aim At Those Hated Non-Compete Agreements

Washington Takes Aim At Those Hated Non-Compete Agreements

The US Federal Trade Commission is weighing restrictions on many non-compete agreements in employment contracts. These clauses dissuade workers from switching jobs and impact roughly one in five Ameri...

21 Mars 202329min

Populärt inom Politik & nyheter

svenska-fall
p3-krim
aftonbladet-krim
spar
fordomspodden
rss-krimstad
flashback-forever
rss-vad-fan-hande
aftonbladet-daily
motiv
rss-sanning-konsekvens
krimmagasinet
politiken
rss-krimreportrarna
rss-frandfors-horna
kungligt
grans
rss-flodet
dagens-eko
sydsvenskan-dok