News Iran Debt: GOP Rep. Ralph Norman Who Warned Months Ago About National Debt Justifies Iran War Costs
Republican South Carolina Rep. Ralph Norman, who previously raised alarms about America’s rising national debt, defended new spending tied to operations in Iran on Monday, saying national security takes priority over fiscal concerns.
News Iran Debt: US national debt surges past $39 trillion just weeks into war in Iran
The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran. The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself — the latter of which Donald Trump promised to do as both a candidate and as president. The Government Accountability Office outlines some of the impact of rising government debt on Americans — including higher borrowing costs for things like mortgages and cars, lower wages from businesses having less money available to invest, and more expensive goods and services.
News Iran Debt: Something is different about Trump’s $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says
During the wars in Iraq and Afghanistan, debt held by the public was around $4 trillion. Now it's $31 trillion, and 15% of the budget pays down interest.
News Iran Debt: Crisis-hit Sri Lanka asks China to restructure its debt
The president of crisis-hit Sri Lanka has asked China to help restructure its debt repayments as part of efforts to help the South Asian country navigate its worsening financial situation. Gotabaya ...
News Iran Debt: South Korean team in Vienna for talks on debt to Iran
AM. South Korea says it has sent a delegation to Vienna to hold talks with Iran and other countries over how to resolve the issue of ...
News Iran Debt: China says Sri Lanka has benefited from Belt and Road Initiative after request to restructure country’s debt
Chinese lending has been criticised in the past for leaving countries stuck in a ‘debt trap’ and has already taken control of a port in Sri Lanka.
