PayPal Holdings looks a lot cheaper after its historic wipeout. Shares of PayPal (ticker: PYPL) had their worst day since the company spun off from eBay in 2015, plunging nearly 25% to $132.30 Wednesday. The wipeout shaved $51 billion off PayPal’s market value, knocking it down to $207 billion. Read More...
The Fiscal Times
America’s National Debt Tops $30 Trillion for the First Time
America’s national debt has surpassed $30 trillion for the first time, according to Treasury Department data published Tuesday. The milestone comes as debt has surged more rapidly than projected in recent years, driven in large part by a deficit-financed federal response to the coronavirus pandemic. Total public debt outstanding — $30,012,386,059,238.29 as of Monday — has risen by nearly $7 trillion since the start of 2020, and the debt as a share of the economy topped 100% in 2020, reaching lev
