The Debt
  • Was the Budget Control Act a ‘Colossal Failure’?

    The two-year budget deal passed by Congress and signed into law by President Trump earlier this month lifted spending caps for the next two years imposed under the 2011 Budget Control Act,...

  • Are US Interest Rates Headed Back to Zero — or Even Lower?

    By Michael Rainey and Yuval Rosenberg

    We live in unusual and unsettling economic times. Today’s evidence of that came via two mind-blowing market numbers, 1.6% and $15 trillion. The first represents the yield on 10-year U.S. Treasuries,...

  • The President and Congress Are Fiscal Swamp Monsters

    By Ivan Eland

    All the recent talk in the political media has been about ideological division and partisan rancor, yet the results when progressives and nationalists and Democrats and Republicans agree should also...

  • Senate Majority Leader Mitch McConnell speaks as U.S. President Donald Trump listens during a Make America Great Again rally in Richmond

    Senate Sends $2.7 Trillion Budget Deal to Trump

    By Michael Rainey

    The Senate on Thursday approved the massive two-year budget deal passed by the House last week. President Trump is expected to sign the bill, which was negotiated by House Speaker Nancy Pelosi and...

  • Congress Needs Some Fiscal Rules

    By Veronique de Rugy and Jack Salmon

    Approval ratings for Congress are slumming at 17%. This is nothing new. With the exception of a short-lived patriotic spike following 9/11, it has been going on for decades . Yet this already failing...

The Debt Directory

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