Ozalp/Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk has just issued a dire warning for Americans. In a Feb. 5 appearance on the Dwarkesh Podcast, Musk said America is barreling toward bankruptcy as its national debt continues to climb. “We are…
The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country’s mounting debt comes as the government remains closed, disrupting the economy as hundreds of thousands of federal workers go unpaid. Government shutdowns can boost the national debt because they delay economic activity and postpone fiscal…
WASHINGTON (AP) — In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit…
Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Tesla CEO Elon Musk had quite a ride heading the Department of Government Efficiency — an initiative designed to slash federal waste. Speaking at the recent “All In Summit,” Musk described his stint in Washington as “a…
Social media users in China have backed Elon Musk, celebrating him for challenging US President Donald Trump amid rising tensions between the two. The tech billionaire has stirred up online excitement in China after he criticised Trump’s sweeping tax and spending legislation and threatened to launch his own political platform. Elon Musk, CEO of Tesla…