Stabilizing debt over the next decade at its current share of the economy would require $9.0 trillion of deficit reduction relative to the Congressional Budget Office’s (CBO) ...
Long-term yields have hovered around 5%. If they stay there, the government’s inflation-adjusted cost of borrowing will likely exceed the economy’s rate of growth — meaning the debt ratio will rise ...
The United States has the smallest defense budget in nearly 100 years. If the U.S. is in a cold war, it seems to be cheaper and less urgent than the last.
Lawmakers haven’t even started talking about this problem, much less grappling with it realistically. The Congressional ...
From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by ...
This is what “unsustainable” fiscal policy looks like. Lawmakers haven’t even started talking about this problem, much less grappling with it realistically. The Congressional Budget Office has just ...
Many people talk about both the weather and the U.S. national debt, but few do anything about either. The weather has a mind of its own, but this country’s national debt is a matter for Congress and ...
Since the start of the new year, the bond market has been urging Congress to come to terms with America’s spiraling budget ...
Rising rates would be bad news for bondholders and borrowers of all stripes, particularly the U.S. government. They cast a ...
The Congressional Hispanic Caucus highlighted how Trump's policies would harm farm workers, immigrant families and so-called ...
Americans pay more taxes to support health care than do the citizens of any other country. We must either fix our health care system or watch our economy implode.