Brighton, N.Y. (WHAM) — For the past 20 years, our national debt has skyrocketed. Ethan Wade, chief development officer at Brighton Securities, said the debt is
Ethan Wade, chief development officer at Brighton Securities, speaks to 13WHAM during an interview Thursday, Jan. 30, 2025. Brighton, N.Y. — For the past 20 years, our national debt has skyrocketed. Ethan Wade, chief development officer at Brighton Securities, said the debt is fast approaching $37 trillion dollars, with interest.
Wade said debt is something the country has always had since the Revolutionary War, but this is a whole new level. The concern is when the interest growth of that debt outstrips our gross domestic product. He said action is needed to reign in overspending. President Donald Trump attempted to freeze federal assistance via the Office of Management and Budget. The directive was rescinded Wednesday amid legal challenges.Some elected officials — like New York Attorney General Letitia James — said the pause could impact federal assistance to the states, putting in jeopardy programs for health care services and families in need.When it comes to funding some programs and propping up nations across the globe, Wade said it reminds him of parenting.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock's IBIT ETF Breaks Records With $37 Billion in InflowsBlackRock's Bitcoin spot ETF, IBIT, has made a remarkable debut, securing the third position in the top ETF inflows with $37 billion. This achievement comes amidst record-breaking capital inflows for the ETF market overall, surpassing the previous record by $225 billion. BlackRock and Fidelity are highlighted as leading players in this surge, driving investor confidence in the Bitcoin ETF market.
Read more »
Yankees Could Trade $37 Million All-Star To Braves In Blockbuster DealThe New York Yankees have one too many big-league starting pitchers. They could trade one of these arms to the Atlanta Braves to clear some money.
Read more »
Yankees Predicted To Trade $37 Million Pitcher To Mets For Dream InfielderThe New York Yankees could send Marcus Stroman and a prospect to the New York Mets for infielder Jeff McNeil this winter.
Read more »
Yankees Reportedly Willing To Eat Chunk Of $37 Million Deal To Trade Star PitcherThe New York Yankees are reportedly willing to eat a chunk of Marcus Stroman's $37 million contract if that means they'll be able to trade him.
Read more »
Get Meghan Markle’s Sophisticated Striped Sweater Look for $37Channel Meghan Markle’s sophisticated style with a lookalike for her striped sweater that’s just $37 on Amazon — details!
Read more »
Steve Cohen's $37 Billion Hedge Fund Loses Key Investor Relations ExecutiveLaura Sterner, the global head of capital development and investor relations at Point72 Asset Management, is departing the firm after nearly a decade. Sterner is taking on a senior role at a healthcare venture. Her departure comes at a time when Point72 is experiencing significant growth, with assets more than doubling since 2020.
Read more »