National debt now exceeds GDP, signaling higher borrowing costs, tighter financial conditions and a long stretch of elevated interest rates for households and investors.
WASHINGTON (AP) — The nonpartisan Congressional Budget Office's 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social ...
Federal Reserve Chair Jerome Powell offered a sobering assessment of America’s fiscal health on Monday, telling a Harvard economics class that while the nation’s $39 trillion debt load is not ...
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