The U.S debt reached $16 trillion, the U.S. Treasury Department announced Tuesday, thehill.com reported. Republicans argue that excessive government spending has triggered the massive shortfall, while Democrats argue the Bush tax cuts of 2001 and 2003 devastated government revenue -- creating a gap between expenditures and receipts.
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Global food prices spiked 10 percent in July, following unprecedented summer droughts and record high temperatures that devastated agricultural production in the U.S.
If someone asks you which candidate, President Barack Obama or Republican Party nominee-designate Mitt Romney, is likely to benefit more, electorally, from the U.S. Supreme Court 's stunning decisin Thursday to uphold the U.S. health care reform act, mention to him/her, "It may have little impact,overall." To be sure, a strong argument can be made that former Massachusetts Gov
The IOU that's being laid on the doorsteps of U.S. taxpayers in the form of the national debt is far greater than most Americans realize