Category: National Debt (US)

Bessent Faces Credibility Test in Quest to Tame Markets

The New York Times – Business:
The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
An Ancient Sumerian Solution to Our $40 Trillion Deficit

The New York Times – On the Runway:
In the ancient world, debt forgiveness was a regular tool to control the economy. Why have we forgotten it?
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

The New York Times – Business:
President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
An A.I. Tax Boom Could Curtail America’s Debt. But Not Solve It.

The New York Times – Business:
The consequences of A.I. for the budget will largely hinge on whether — and to what extent — the technology reshapes the labor market.
U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.

The New York Times – Business:
Washington quickly brushed off a startling milestone in a mounting problem.
Trump Budget Does Little to Address Nation’s Fiscal Challenges

The New York Times – Business:
While the federal deficit has started to shrink under President Trump, his plans could make the long-term situation worse.
Federal Debt to Hit Record Levels, Budget Office Warns

The New York Times – Business:
President Trump has reshaped the country’s economic policies, but the outlook for the budget remains dire.
Sell America Is the New Trade on Wall Street

Investors are increasingly souring on the United States, as illustrated by the declining dollar, the stalled stock market and rising government borrowing costs.
Record Debt in the World’s Richest Nations Threatens Global Growth

The cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms.
Market Volatility Underscores Epic Buildup of Global Risk

Some experts see a dangerous combination of factors reminiscent of practices that led to previous financial crises.
Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’

In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.
Bonds Should Be Boring. But They’ve Been on a Roller Coaster.

Despite reassuring bond returns lately, troubles abound in what was once a sleepy haven for risk-averse investors.