The U.S. Treasury Didn’t Declare the Country ‘Insolvent’
Q: I read this on FB. Is it true? The U.S. Treasury just declared the U.S government is insolvent.
A: No. That’s the conclusion of an opinion piece that cited a Treasury report showing the government’s liabilities outweigh its assets. But that’s been the case for decades, and unlike an insolvent business, the government can levy taxes.
FULL ANSWER
Two economists — Steve Hanke at Johns Hopkins University and David Walker, a former comptroller general of the U.S.
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Trump Fumbles the Facts with Farmers
In a speech to what he called "the single largest gathering of American farmers that the White House has ... ever had," President Donald Trump distorted the facts on the estate tax, soybean exports and more.
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FactChecking Trump’s Prime-Time Address on Iran
A month after the U.S. and Israel launched airstrikes on Iran, President Donald Trump addressed the nation in a prime-time speech on April 1, saying the military operation was "getting very close" to completing its mission. Trump repeated some false and questionable claims we've written about before.
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Happy International Fact-Checking Day
April 2 is International Fact-Checking Day. To commemorate it, we produced a video of various mentions of our work over the years by politicians of both parties.
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We Could Win a Webby with Your Vote
FactCheck.org is a nominee for the 30th Annual Webby Awards in the category for Websites and Mobile Sites: News & Politics. Now our loyal readers can help us win the Webby People’s Voice Award, which is voted on by the public.
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