Story perspectives
U.S. Debt Soars: Trump Proposes $214 Billion Savings Plan
10/6/2025
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Story summary
- The U.S. debt nears $38 trillion, rising $69,890 per second and potentially topping $50 trillion in a decade.
- Investors seek safe havens as Bitcoin hits $125,506 and gold $3,920.
- Rep. Keith Self urges Congress to demand fiscal responsibility.
- Trump deficit plan includes a $214 billion savings initiative led by Elon Musk and 'Big Beautiful Bill Act' to save $1.6 trillion.
