Debt Limit

There’s a familiar ring to the latest report by the Government Accountability Office (GAO) on the nation’s fiscal health, and that is not a good sign.

During the latest “Economist Mom” segment on Facing the Future, Diane Lim, a principal at the

As federal agencies and millions of Americans struggle to recover from Washington’s partial shutdown over this year’s budget, we are now facing a potential crisis over the federal debt li

In part because of new deficit-financed tax cuts, the Congressional Budget Office (CBO) has moved up its projection for when lawmakers

The original purpose of the statutory debt limit was to remove the requirement that Congress authorize individual issuances of debt, rather than keep the government from acquiring too much debt.

With the national debt surging beyond the $20 trillion mark and Congress considering legislation that would produce even higher deficits than are already projected for the coming decade, the federa