US debt crosses $40 trillion threshold after doubling under Trump and Biden
- US debt has risen by $11.6 trillion during Trump’s two terms in the White House
- It increased by $8.4 trillion during Joe Biden’s four-year term
US economy
Trump hopes North Carolina speech will bolster standing on US economy
Trump, like Biden before him, finds there’s no quick fix on inflation
Trump’s job market promises fall flat as hiring collapses and inflation ticks up
Fiscal Futures
Oil Updates — crude drops on worries about demand, slowing US economy
Biden blames China, Japan and India’s economic woes on ‘xenophobia’
US trade deficit shrinks as imports hit more than 1-1/2 year low
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Biden signs debt limit bill, avoiding US default
