Trump Ropes Fed Into Debt Fight as GOP Faces Fiscal Mess

Unlocked: Understanding the Federal Debt

On this episode of Unlocked, Shorenstein Center Director Nancy Gibbs talks with Karen Dynan, Professor of the Practice in the Harvard University Department of Economics and at the Harvard Kennedy School, about the federal debt—who the U.S. owes money to, why it matters, and what the implications of rising debt are for state and local […] The post Unlocked: Understanding the Federal Debt appeared first on Shorenstein Center.

Bipartisan Policy Center Sees Debt-Limit X-Date Soon as Aug. 15

A closely watched independent think tank has updated its estimate for when the federal government risks running out of sufficient funds to pay its obligations on time if Congress fails to suspend or lift the nation’s debt limit.

Senate version of Trump’s budget bill would raise the debt ceiling by $5 trillion—what it could mean for your wallet

Senate Republicans back a $5 trillion debt ceiling increase — the largest ever — but experts say it’s unlikely to raise borrowing costs in the short term.

Washington’s Fiscal Doomsday ⋆ Brownstone Institute

Washington’s Fiscal Doomsday by David Stockman at Brownstone Institute If you don’t think Washington is in the maws of a Fiscal Doomsday Machine, think again. And the place to start is with the 30-year CBO projections, expressed as the dollar increase from the current $29 trillion level of publicly held US Treasury debt. If Washington does nothing except leave current tax, spending, and structural deficit policies in place (i.e. baseline policy)…

America’s Exploding Debt Bomb

It took nearly 200 years for the United States to accumulate its first $1 trillion in publicly held national debt. That amount is now added every four months. For all that’s said about the weak shoulders of America’s younger generations, they are carrying an immense burden that is only getting heavier. Focus on Donald Trump’s tariff war has led many to overlook this growing problem. Attention needs to shift to the national debt load because it i…

Indiana Republican Calls Excessive Spending a National Threat

PHOTO: Ingram Publishing/Thinkstock WASHINGTON–Excessive spending over the past several decades has put the U.S. in a bind. But, Rep. Marlin Stutzman, a Republican representing Indiana in Washington, says he believes Republicans will do what it takes to get it under some level of control. Stutzman also called the spending a national threat. “We all realize that the $36 trillion of debt is the greatest threat to the United States right now becaus…