Federal Reserve officials forecast higher interest rates through 2026 this week, a sign that borrowing costs are not heading back to the rock-bottom levels normal before the pandemic.
Category: National Debt (US)
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U.S. National Debt Tops $33 Trillion for First Time
The fiscal milestone comes as Congress is facing a new spending fight with a government shutdown looming.
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U.S. National Debt Tops $32 Trillion for First Time
The milestone follows a recent congressional showdown over lifting the debt ceiling. Another spending fight looms this year.
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Biden’s Debt Ceiling Strategy: Win in the Fine Print
The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
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Biden’s Debt-Deal Strategy: Win in the Fine Print
The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far more modest.
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How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
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Here’s What’s in the Debt Ceiling Deal
Two years of spending caps, additional work requirements for food stamps and cuts to I.R.S. funding are among the components in the deal.