Hacker News with Generative AI: Debt

US Interest Burden Hits 28-Year High (bloomberg.com)
The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating the risk that fiscal worries limit the policy options for the next administration in Washington.

US Economy, Finance, Debt, Government Spending

17 points by xqcgrek2 32 days ago | 8 comments

As world debt hits $100T, IMF warns deficit must be brought under control (politico.eu)
The debt owed by governments around the world will surpass $100 trillion by year-end and is an increasing threat to the global economy, the International Monetary Fund warned on Tuesday.

Global Economy, International Finance, Debt, IMF, Government Spending

8 points by hhs 36 days ago | 4 comments

UK Debt Hits 100% of GDP, Highest Level Since 1960s (theguardian.com)
The scale of the challenge facing Rachel Reeves ahead of the autumn budget has been laid bare by a rise in Britain’s national debt to the highest levels since the 1960s and a collapse in consumer confidence.

Economics, United Kingdom, Finance, Debt

25 points by sarimkx 62 days ago | 39 comments

How America's universities became debt factories (anandsanwal.me)
Here’s a puzzle: how do you create a trillion-dollar debt bubble that can’t be popped? Answer: make student loans non-dischargeable in bankruptcy.

Education, Economics, Debt, United States

492 points by car 68 days ago | 544 comments

Families Are Going into Debt for Disney Vacations (nytimes.com)

Family Finances, Travel, Disney, Consumer Behavior, Debt

15 points by paulpauper 84 days ago | 3 comments

San Francisco Is Sinking in Bad Hotel Debt (wsj.com)

San Francisco, Real Estate, Debt, Hospitality, Economy

25 points by JumpCrisscross 101 days ago | 8 comments

Trillions in Hidden Debt Drove China's Growth. Now It Threatens Its Future (wsj.com)

China, Economy, Debt, Finance, Future

10 points by JumpCrisscross 130 days ago | 0 comments

SpaceX liens show over $2.5M debt to contractors in Texas (mysanantonio.com)