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US National Debt Reaches $33 Trillion: A Complex Web of Politics, Spending, and Economic Challenges
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...
US imposes sanctions on Iran for ballistic missile program
The US Department of the Treasury on Sunday imposed new sanctions on Iran.
The US Department of the Treasury says it has imposed new sanctions on Iran for its ballistic missile program.
The Treasury Department made the announcement in a statement issued on Sunday, only a day after sanctions targeting Iran’s nuclear energy program were lifted.
The statement said five Iranian citizens and a network...
Bailout of General Motors cost taxpayers $10.5 billion
The US government ended up losing $10.5 billion on the General Motors bailout.
Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse.
After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury said it had recouped $39 billion of the...
US budget deficit reaches USD 1.3 Trillion
The building of the US Treasury Department in Washington DC
The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal year, fueling concerns about the country’s economic crisis.
Washington’s 2011 budget deficit shows an increase of USD 0.01 trillion dollars from the US deficit in the fiscal year 2010,...
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