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In a first, America’s national debt crosses $30 trillion

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3 years ago

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In a first, America’s national debt crosses trillion

The U.S. national debt hit a new milestone, surpassing $30 trillion, according to data released by the U.S. government’s Treasury Department on Tuesday. Financial experts cited by US media such as CNN and Axios are still divided on “how much debt is too much” and how big an issue this really is for the country, but they all agree on one thing – the latest debt milestone is here A delicate transition period for U.S. fiscal and monetary policy, where borrowing costs are expected to rise and have broader effects on the economy.

Total outstanding public debt stood at $30.1 trillion as of Jan. 31, up nearly $7 trillion from what the country owed lenders in late January 2020 before the pandemic hit the economy, U.S. Treasury data showed.

There are many reasons behind the surge in public and intra-government debt in Washington — one of which is increased government spending during the Covid-19 pandemic. It is during this period (since late 2019) that the federal government has borrowed nearly $7 trillion from foreign investors, led by Japan and China, that will eventually need to be repaid, according to CNN.

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Another reason cited by U.S. financial experts is the gradual accumulation of national debt since the 2008 financial crisis, nearly a decade before the pandemic.

In December 2007, just as the global recession known as the Great Recession began, the U.S. national debt outstanding hit $9.2 trillion. According to CNN, when Donald Trump became president of the United States, the country’s national debt was already as high as $20 trillion.

Revenue losses from the 2017 Trump Administration’s Tax Cuts and Jobs Act (TCJA) tax cuts will add about $1-2 trillion to the federal government between 2018 and 2025, according to the Tax Policy Center. Debt, deficit increases could be exacerbated several times by the pandemic.

During the Biden administration, Congress also approved trillions of dollars in pandemic plans to support small businesses, unemployed workers and their families and other groups.

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Complete News Source : Hindustan Times

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Tollywood

Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

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5 days ago

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January 16, 2025

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Day 6 box office receipts for Game Changer: Ram Charan’s film takes another hit, earning over ₹110 crore

Game Changer box office collection day 6: Ram Charan and Kiara Advani-starrer released in theatres on January 10.
Game Changer box office collection: Ram Charan, Kiara Advani-Game Changer is one the first big releases of this year, and came with huge audience expectations. However the film opened to mixed reviews and has performed decently at the box office. As per the latest version of Sacnilk.com, Game Changer has minted ₹6.11 crore in its sixth day of release. Game Changer is directed by Shankar.

Game Changer box office collection

The report states that Game Changer has now crossed the ₹110 crore mark at the box office. It minted ₹5.55 crore on its first Wednesday, which is the lowest for the film so far. The film had seen a slight growth on its fifth day of release, with ₹10 crore net. The overall collections now stand at ₹112.26 crore.

Game Changer minted ₹51 crore on its opening day, and saw a dip in collections on its second day with ₹21.6 crore. Day three collections were at ₹15.9 crore whereas day four net was ₹7.65 crore. The film saw a sharp decline in its weekdays and is yet to recover. Game Changer is facing stiff competition from a number of releases, which includes Nandamuri Balakrisha’s Daaku Maharaj, Unni Mukundan’s Marco and Allu Arjun’s Pushpa 2: The Rule.

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More details

Amid box office concerns for the film, a pirated version of Game Changer was allegedly aired on a local TV channel and shown in buses. Screenshots of the same surfaced on X, which caught the attention of producer Sreenivas Kumar. He took to his X account to demand strict action on it.

A few days ago, the makers of the film had filed a complaint against individuals for allegedly leaking a pirated version of the film online. The complaint also states that before the film’s release, the producers and a few team members were threatened through social media and messaging platforms like WhatsApp, wherein the same alleged pirates demanded money from producers and threatened to leak the pirated version if their demands were not fulfilled.

Game Changer is directed by Shankar and stars Ram Charan, Kiara Advani, and SJ Suryah. The film has also been released in Tamil, Kannada, and Malayalam.

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