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Government debt

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Wall Street is brushing off the effects of the Trump chaos.

The world is more scared of Trump than America is

The Trump circus is in full swing, but Wall Street is surprisingly brushing it off.

  • Stephen Bartholomeusz

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The plan to scrap two public holidays has set off a political storm in France.

The radical scheme to slash France’s public holidays

President Emmanuel Macron has been hit by a political storm after his bid to remove two holidays, amid concern about the nation’s $5.9 trillion debt.

  • David Crowe
Trump debt graph

‘Going to be a reckoning’: The ticking time bomb in Trump’s big beautiful bill

British historian Niall Ferguson has a cardinal rule: When a country’s interest payments on debt eclipse its military expenditure, the collapse of empire cannot be far away. That’s now a problem for Trump’s America.

  • Michael Koziol
The Republicans are using what’s called a reconciliation process to fast-track their omnibus One Big Beautiful Bill Act.

Trump’s ‘magic’ act: The US Senate has just made $5.8 trillion disappear

The Senate Republicans are using a controversial accounting approach to make the cost of Donald Trump’s One Big Beautiful Bill appear far smaller than it is.

  • Stephen Bartholomeusz
Risky move: Federal Reserve chairman Jerome Powell has backed the changes.

Beware the doom loop: New bank rules raise debt fears

America is poised to soften capital requirements for banks so they can buy more government bonds and help finance Donald Trump’s mega budget. It’s a risky move.

  • Stephen Bartholomeusz
Why can’t governments just keep printing money?

The government can print money. So, why can’t it keep borrowing?

This is why some countries can have debt up to their eyes while others collapse – and where Australia sits on the global hierarchy of debt.

  • Millie Muroi
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Illustration by Joe Benke

At debt’s door: US superpower is waning and Trump’s part of the problem

America spends more servicing its debt each year than it does on its enormous military. It’s a key sign of a great power in decline.

  • Peter Hartcher
The basic costs of eating and learning for Victorians are now rising faster than those for cigarettes and alcohol, which have jumped by 19 per cent.

Cost of food, education and power is spiralling in Victoria. This graph proves it

The daily cost of eating is now rising faster than the cost of cigarettes and alcohol.

  • Grant McArthur
The Treasurer Jaclyn Symes delivers her budget speech in parliament, with Premier Jacinta Allan next to her.

Symes’ budget baby steps no match for her fast spending

Jaclyn Symes was gifted an unexpected $3.7 billion GST windfall, but the money barely lasted two months in the new treasurer’s hands.

  • Chip Le Grand
Rome’s ancient Colosseum.

A message to the major parties: Embrace reform or end up like the Romans

The fall of the Roman Empire could have been avoided if they embraced real reform. It’s a message that rings true in our current timid political climate.

  • William Bennett

Original URL: https://www.smh.com.au/topic/government-debt-1nms