The U.S. has a uniquely strong economy that gives it the ability to recover from its debt, Elmendorf said. A true crisis ...
America's debt and spending are up despite DOGE and increased tariff revenue. Entitlement programs cuts are needed if we want ...
This is read by an automated voice. Please report any issues or inconsistencies here. The federal government just accumulated an additional $2 trillion in debt over the last 12 months. That’s the kind ...
Democrats defend every entitlement and dream up new benefits. Republicans demand more defense spending and still more tax ...
JPMorgan CEO Jamie Dimon warned America’s $37.5 trillion national debt is unsustainable, cautioning that markets may one day refuse to fund borrowing without higher rates. While he praised Trump’s pro ...
In just a little over two months, the national debt swelled by $1 trillion. This is twice as fast as the rate of growth since 2000, Michael Peterson says.
Signs of elevated stress are emerging within the $1.7 trillion private credit market as default rates are rising and more borrowers are choosing to defer cash interest payments, according to a Bank of ...
The government spends about $1 trillion annually on interest on its debt, so a lower interest rate should reduce those costs… right? Tax-policy reporter Richard Rubin discusses why the answer is more ...
As Washington stumbles through yet another government shutdown, we’re hearing the usual chorus of panic: Headlines warn of catastrophe and politicians point fingers. But in reality, shutdowns are just ...