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 ...

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

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

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 ...

Global equity markets have recovered smartly from the lows in April 2025 that were triggered by US President Donald Trump’s ...

The nonpartisan Congressional Budget Office is required by law to provide economic analyses on major legislation.

The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

N ow that the budget bill has passed Congress, we can see clear projections for how it will impact deficits, government debt, ...

Trump’s ambitious fiscal push, along with a generational-scale tariff aggression, is putting the US’s credit status to the ...

O N JULY 3RD Congress gave Donald Trump the Independence Day present he wanted: with a vote of 218–214, House Republicans ...

President Donald Trump’s One Big Beautiful Bill Act, working its way through Congress, permanently extends tax cuts ...