Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.
Category: National Debt (US)
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Federal Debt Is Now Worrying Even Progressives
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.
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Higher Interest Rates Make Federal Debt More Expensive
The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.
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Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
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U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
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U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.
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A First-Day Trump Order: A Federal Stockpile of Bitcoin?
The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
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What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.
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Yellen Issues Debt Limit Warning to Congress
The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit.
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Spending Fight Shows Limits of Trump Power to Change Fiscal Path
Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses.
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Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.