US debt

Supporters of Donald Trump hold a sign about the border wall with Mexico before Trump speaks at a campaign rally in Florida on 11 October 2023. Trump has now allocated $46bn to build it.

Still beautiful? Trump’s tax cuts and spending plans look ominous

The One Big Beautiful Bill Act, or OBBBA for short, will raise the fiscal deficit from 6.4% to more than 7% of GDP, pushing up long-term interest rates. Look to the bond markets for honest reactions.

Toufic Chanbour 16 July 2025

A billboard in the middle of a public street shows the size of the US debt, December 30, Washington, D.C., 2024.

AFP

Why US ‘white swan’ debt can't be wished away by cuts

With an average monthly fiscal deficit of $150bn, there are no good options for Donald Trump, who boasts of defaulting on debt in corporate life. Will he do the same with America's $36tn I-O-U pile?

Toufic Chanbour 29 March 2025

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