The “debt doesn’t matter” consensus had a strong start. During the coronavirus pandemic, Congress spent trillions of dollars to keep the economy on life support without worrying about paying for it. The U.S. debt load reached new heights, but interest rates continued to fall. No bond vigilantes or debt spirals were to be seen.

The One Big Beautiful Bill would limit loan forgiveness and tighten borrowing rules for federal student loans.

U.S. equity funds saw huge outflows in the week ended May 21, as Treasury yields surged on fears President Donald Trump’s proposed tax-cut bill could add trillions to U.S. debt if passed by Congress.

Two days after the downgrade, a House committee voted to move forward a bill that would increase deficits by nearly $3 trillion through 2034.

Higher debt means lower wages, higher interest rates, and fewer opportunities, says Romina Boccia of the Cato Institute.

U.S. Treasury Secretary Scott Bessent on Friday offered his take on the bond market’s moves, after many analysts said a surge in Treasury yields was

White House Deputy Chief of Staff James Blair blasts GOP “grandstanders” bickering over the One Big Beautiful Bill, a tax cut and spending reform package supported by President Donald Trump. “If we don’t pass this bill,

Habitual deficit financing — the very disease fiscally-minded founding father Hamilton warned against — has become business as usual.

Rep Thomas Massie warns Congress about America's national debt, calling the proposed spending bill a ticking time bomb for fiscal stability.- Watch Video on English Oneindia