Steve Eisman isn't worried about the US debt, and says people talking about it are probably trying to replicate his own success in 2008.

One of the investors who called and profited off the subprime mortgage collapse of 2008, Steve Eisman, is brushing off concerns over the rising US budget deficit.

The CBO says it would add $3.4 trillion to the deficit over the next decade. For decades, fiscal hawks have warned about the devastating consequences of ballooning U.S. debt. But economists say this time around is different: The debt is now so large that piling more on top of it as part of President Donald Trump's massive tax cut and spending bill could set the country on a dangerous path.

Folsom City Council will likely vote Tuesday on if the city should delay hiring 10 firefighters. If they do, the fire department may close a station and ambulance.

Colorado legislators are considering a special session to cover a budget hole to the tune of hundreds of millions of dollars — a deficit Democrats said will result from spending

By James Knightley, Dmitry Dolgin, & Padhraic Garvey, CFAUS President Donald Trump's fiscal policies, including the One Big Beautiful Bill Act (OBBBA)

The US debt has surpassed $37 trillion, yet markets remain calm. Trump's new tax bill adds fuel to a growing crisis investors are underestimating. The spiral has already begun.

The GOP deficit hawk is dead, after promising for years to rein in the country’s spiraling debt and deficits, but then voting last week to do the opposite.

Now that the budget bill has passed Congress, we can see clear projections for how it will impact deficits, government debt, and debt service expenses.

This is clearly a shift in budget accounting that will clear the path to ballooning the debt now, but will also create a precedent that will be used over and over and over again in the future.&

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