On May 16, 2025, Moody’s lowered the US’ credit rating from Aaa to Aa1, prompting further concern about the national debt. Moody’s lowered its rating because the national debt rapidly expanded due to ...

"I, like many other longtime doves, am joining the hawks, because our nation’s budget math just got a lot more dangerous." ...

James K. Galbraith asks whether US Treasury Secretary Scott Bessent is right to urge the Federal Reserve to lower interest ...

We present new evidence on the impact of fiscal variables on long-term interest rates and term premia in the United States. To alleviate endogeneity problems, we follow the seminal methodology by ...

The U.S. federal government earned $27.0B more than it spent in June, compared with the -$41.5B deficit expected and the ...

You’ve no doubt heard the phrase, “Minsky Moment.” It refers to the ideas of economist Hyman Minsky, who studied financial ...

Investment professionals live in a constant state of alertness over potential threats that may be lurking over the horizon.

President Trump’s newly passed One Big Beautiful Bill Act will, by most conventional estimates, add trillions to America’s national debt to pay for permanent tax cuts. Republicans insist the bill ...

The federal budget deficit is back in the spotlight after the Republican-controlled Congress approved a massive tax and ...

The government budget constraint ties the market value of government debt to the expected risk-adjusted present discounted value of fiscal surpluses. We find evidence that U.S. Treasury investors fail ...

CNBC interviewed a dozen experts, investors and former government officials to explore the consequences of America’s fiscal ...

The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.