The U.S. Treasury Department made a sobering announcement on Monday, revealing that the nation’s debt has soared to a staggering $33 trillion. This financial milestone arrives amid the backdrop of intense political negotiations over government spending in the nation’s capital, shedding light on the intricate web of fiscal, political, and economic challenges facing the United States. The... 

The US Senate hastily dropped plans to vote Tuesday on a symbolic resolution authorising the US role in Libya amid a Republican insurrection to demand action instead on the national debt. Harry Reid, the Democratic Senate Majority leader, said: “We’ve agreed, notwithstanding the broad support for the Libyan resolution, the most important thing for us to focus on this week is the budget.” His... 

Counting the cost: Britain's £1trillion National Debt means it will pay interest of nearly £120million a day - more than the government spends on defence. Britain’s government debt smashed through £1 trillion ($1.59 trillion) for the first time yesterday – a staggering £40,000 per household. Campaigners branded the milestone ‘terrifying’ and warned that taxpayers will have to foot the...