Inflation is falling but interest rates are going to stay higher for longer. Way longer.
Even with the recent partial retreat in long-term real and nominal interest rates, they remain well above the ultra-low levels to which policymakers had grown...
U.S. fiscal deficit a ‘more serious problem than ever before,’ says Larry Summers
Former Treasury Secretary Larry Summers believes that the current federal budget deficit poses a greater challenge for the economy than it has before in U.S....
We’re Still Paying for the Federal Reserve’s Blunders
Oct. 25, 2023 12:53 pm ET The Federal Reserve is relieved inflation is receding and hopes it will fall to 2%. Meantime, households and businesses...
The Federal Deficit Is Even Bigger Now Than It Looks
The federal government’s annual deficit for 2023 appeared to be $1.7 trillion, but due to irregularities involving President Biden’s now-overturned student debt cancellation plan, the...
Massive $2 Trillion Deficit Expected in Fiscal 2023
Washington faces a spending showdown, but the fiscal year ending this month brings a dire reality – a projected $1.7 trillion deficit, roughly $13,500 per...
Washington's Fiscal Blowout: Interest on Federal Debt Has Hit 15.5% Of All Federal Debt
President Biden and Congress have set alarming records with their skyrocketing spending and deficits. In just the first 10 months of the fiscal year, the...
Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options
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Shopping for Insurance Against a Debt-Ceiling Debacle? Buyer Beware: WSJ
Quirks in the market for credit-default swaps might distort the probability of the Treasury defaulting on U.S. government debt. [ad_2] Source link...
Ballooning National Debt Is a Rotten Legacy
William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings...
Opinion: Bernie Sanders and Elizabeth Warren’s bold tax hike to shore up Social Security
Elizabeth Warren and Bernie Sanders want to shore up Social Security by raising the top rate of income tax by a third, and the top...