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As debt surpasses $40 trillion, the bill for Washington spending comes due

The 30-year Treasury yield topped 5.27% on Friday, the highest in nearly two decades, as the U.S. national debt surpasses $40 trillion and annual interest costs exceed $1 trillion. Treasury Secretary Scott Bessent's plan to calm markets appears to be failing, and experts warn of a possible debt spiral if the government does not address fiscal imbalances. Lawmakers and analysts are debating options, including tax increases, spending cuts, and a fiscal commission, but political hurdles remain.

1 outlet · 1 article 3d ago

Abbas Brings Palestinian Statehood Into Election Pitch, Drawing Eisenkot, Netanyahu Rebukes

Ra'am chairman Mansour Abbas has made Palestinian statehood a central theme of his election campaign, declaring that 'the State of Palestine exists' and calling for an end to the occupation. His remarks drew sharp responses from opposition leader Gadi Eisenkot and Prime Minister Benjamin Netanyahu, who vowed to prevent the establishment of a Palestinian state while he remains in office. The exchange comes ahead of Knesset elections scheduled for October 27, with polls showing Netanyahu's bloc short of a majority.

2 outlets · 2 articles 3d ago