US debt hits US$40 trillion high, raising ‘doom loop’ risk

Total US public debt surpassed US$40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide financial deficits. Public debt outstanding stood at US$40.05 trillion as of the close of business on Tuesday, a US Treas

Annual borrowing costs now surpass $2 trillion, as federal outlays continue to exceed what the government takes in

Public spending surges despite Donald Trump’s vow to stabilise America’s public finances

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.

Bank of America strategist Michael Hartnett warns against investing in bonds as the U.S. continues to run large deficits.

Auditions are under way for a new James Bond - and Slow Horses star Jack Lowden is among those tipped to replace Daniel Craig after his 15 years in the coveted role as the fictional spy.