via The Hill News — Author Merrill Matthews argues that the Trump administration's claim that economic growth can offset the $40 trillion federal debt is dishonest, citing a GAO report that projects debt will grow more than twice as fast as the economy over the next decade.

The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis

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An administration that flouts the law poses a far greater threat than a few more dollars in interest payments

Ray Dalio warns a U.S. debt crisis could arrive within three to five years. Discover why the Bridgewater founder favors gold and some Bitcoin over bonds as debt, Treasury yields and dollar risks rise.

The U.S. federal debt has reached $40 trillion, with annual interest payments exceeding $1 trillion....

What the wealthy and powerful — and Treasury Sec. Scott Bessent — don’t want you to know

Australia’s gross federal debt is set to cross the $1 trillion mark for the first time, driven by ongoing budget pressures and recent borrowing. The Australian Office of Financial Management (AOFM) reported $983.7 billion in debt as of August 14, with additional borrowings pushing the total past $1 trillion. While the figure is expected to dip temporarily below the threshold on Friday, it will likely remain above $1 trillion from September onwards. Treasurer Jim Chalmers defended the government’s fiscal management, citing Australia’s AAA credit rating and efforts to reduce inherited debt. However, the Coalition criticized Labor’s spending, accusing them of unsustainable fiscal policies. The Parliamentary Budget Office warned that rising interest costs will consume a larger share of government revenue, potentially limiting funds for other priorities. With interest rates elevated and public concern over debt levels high, the debate over budget responsibility continues to dominate political discourse.

The $963 billion interest total is not a uniform daily bill. Debt stock, maturity and long yields determine how quickly the cost resets.

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Technology wealth may expand the capacity to hold safe assets, but Treasury demand is intermediated across domestic funds, banks, the Fed and foreign portfolios.