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US borrowed $1.2 trillion in past 8 months: CBO
The Hill via AOL· 2 hours agoThe federal government has borrowed roughly $1.2 trillion in the eight-month period ending in May, the Congressional Budget Office (CBO) estimated in a...
With apologies to all those drunken sailors...
Olean Times Herald· 4 hours agoThe Biden budget deficit this fiscal year probably will exceed $1.6 trillion. “The deficits projected by the (Congressional Budget Office) were smaller...
JAMES CARTER: Dissecting The US Treasury’s Dastardly Debt Disaster
IJR· 5 days agoShockingly, the $870 billion the federal government will spend on interest this year is three times greater than what the Congressional Budget Office (CBO) estimated for fiscal ...
The National Debt Is Making Us Poorer
Reason.com via Yahoo Finance· 5 days ago"With additional debt, income growth would slow further." If the national debt grows faster than the CBO currently expects—something that could happen...
Rising US Debt Load Poses a Growing Risk for Treasury Market
Bloomberg via Yahoo Finance· 5 days ago(Bloomberg) -- Bond industry leaders see a bleak US fiscal outlook that will keep debt growing and...
Trump Tax Cut Renewal Is Winning Wall Street, But Could Cost $4.6 Trillion
Bloomberg via Yahoo News· 4 days ago(Bloomberg) -- The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall...
Dean Baker, DC Report @ Raw Story
The Raw Story· 3 days agoBecause these policy shops are well-funded and well-connected we can be sure that major media outlets, like The New York Times, The Washington Post and National Public Radio, will give their ...
Agriculture committee's draft of farm bill provides these important lessons
Columbia Daily Tribune via Yahoo News· 2 days agoThe general expectation is that the next farm bill cannot increase the deficit if it is to get sufficient support to pass both the House and the Senate. The proposed changes ...
Opinion: A value-added tax is one solution to the crippling debt problem
CNBC· 5 days agoPut another way, one-third of what Americans pay in personal income taxes goes to servicing our...
Housing Forecast 2024 And 2025: Little Better
Forbes· 5 days agoHome prices are rising moderately now, in the spring of 2024. Construction of single family homes is recovering, but multi-family building is falling....
