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America's 'Debt Spiral' Is Nearing a Critical Threshold

(Bloomberg) When the US borrows money, it needs to pay its loans back with interest—just like any other borrower. But America’s national debt is currently $34 trillion and rising. Soon, the US will need to spend more each year paying interest than what it spends on national defense.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets Wr ....

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America's 'Debt Spiral' Is Nearing a Critical Threshold

America's 'Debt Spiral' Is Nearing a Critical Threshold
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Transcript: Dissecting Elon Musk's 'Very Unique Use of Language'

Transcript: Dissecting Elon Musk's 'Very Unique Use of Language'
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Transcript: Is Elon Musk the New Rush Limbaugh?

Transcript: Is Elon Musk the New Rush Limbaugh?
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Transcript: Is Elon Musk the New Rush Limbaugh?

(Bloomberg) In recent months, Elon Musk has shown an openness to Donald Trump’s falsehoods that the 2020 election was stolen and that the Jan. 6, 2021 insurrection was a government conspiracy. Musk has also promoted the far-right claim that White people are under threat from Black people and immigrants—popular racial fixations of some Trump supporters. This week, the Elon, Inc. podcast is joined by Bloomberg reporter Davey Alba to discuss how Musk is increasingly engaging with memes and false ....

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