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Federal Debt

Johnston: Fed's Near Record-Low Interest Rates A Loser For Taxpayers

Reuters | Posted 03.11.2012 | Business

(The author is a Reuters columnist. The opinions expressed are his own) By David Cay Johnston Jan 10 (Reuters) - The Fe...

Credit Agency Warns Debt Could Lead To U.S. Downgrade

Posted 12.22.2011 | Business

NEW YORK (Daniel Bases) - Fitch Ratings on Wednesday warned again that the United States' rising debt burden was not consistent with maintaining t...

Misleading Obama Debt Chart Goes Viral -- Again

The Huffington Post | Dean Praetorius | Posted 12.03.2011 | Politics

Sometimes data does lie. The chart below has been incredibly viral in recent days, making its way across the internet in one form or another, reach...

A Wake-Up Call on Deficit Reduction

Louis Fisher | Posted 10.30.2011 | Politics
Louis Fisher

Tea Party played a significant role in the debt limit debate, but how did they gain their leverage? The answer is the failure of the national government over a period of decades to recognize the magnitude of federal deficits and do something about them.

Lead, Mr. President, Lead.

Pat Choate | Posted 09.28.2011 | Politics
Pat Choate

What Congress and the president cannot do is default on this national debt. We must pay for what we spent -- past, present and future. That is the Constitution speaking loudly and clearly.

Consumer Confidence Rattled By Debt Deal's 'Dire Economic Consequences'

Posted 09.28.2011 | Business

Consumer sentiment fell in July to its lowest point in more than two years, as anxieties over stagnant wages and rising unemployment deepened, a s...

Bill Gates: Education Can Be Reformed Before Poverty Is Eliminated

AP | RUSSELL CONTRERAS | Posted 09.27.2011 | Education

BOSTON — Microsoft founder Bill Gates told the National Urban League on Thursday that a child's success should not depend on the race or income ...

Self-Criticism: A New Habit of Mind

Carla Seaquist | Posted 09.25.2011 | Politics
Carla Seaquist

Once again we do the rigid Kabuki dance, leading once again to political stalemate -- this time over raising the federal debt ceiling. Even with the ...

Minnesota Chants 'Tax the Rich' While the Rest of Us Sit on the Couch

Dan Bimrose | Posted 09.10.2011 | Politics
Dan Bimrose

The state shutdown in Minnesota brought upon by the lack of a budget agreement between Democratic Governor Mark Dayton and Republican legislators only...

Cognitive Dissonance on the Deficit?

Jerry Jasinowski | Posted 08.30.2011 | Business
Jerry Jasinowski

Obviously, increasing economic growth would make deficit reduction easier, but it is difficult to see how we can accomplish that at the same time we are making major cuts in spending.

Debt Ceiling Warning: Report Suggests Crisis Looms Absent Major Policy Changes

AP | ANDREW TAYLOR | Posted 08.22.2011 | Politics

WASHINGTON — The rapidly growing national debt could soon spark a European-style crisis unless Congress moves forcefully, the Congressional Budg...

When Words Aren't Enough, Numbers Help Define OPM's Conflict of Interest

Linda E. Brooks Rix | Posted 08.22.2011 | Politics
Linda E. Brooks Rix

Tell the average person that intragovernmental funds transfers are the root of an institutional conflict-of-interest problem in Washington, D.C., and ...

The Golf Summit

Joe Peyronnin | Posted 08.17.2011 | Politics
Joe Peyronnin

Ask any gentleman who has spent considerable time on the links, there's rarely a problem that can't be hashed out over a round of golf. But Saturday's "Golf Summit" is unlikely to result in any breakthroughs on matters of debt and taxes.

Pressure Builds As Biden-Led Debt Limit Talks Resume On Capitol Hill

AP | ANDREW TAYLOR | Posted 08.09.2011 | Politics

WASHINGTON — Vice President Joe Biden and GOP negotiators sparred over taxes Thursday in a private meeting that exposed their wide differences a...

Japan Shows How to Defuse Debt Time-Bomb

Ellen Brown | Posted 07.27.2011 | Business
Ellen Brown

A game of Russian roulette is being played with the national debt ceiling. Fire the wrong chamber of the gun, and the result could be the second Great Depression.

The Simplest Solution for Our National Debt...

Patrick Takahashi | Posted 07.26.2011 | Politics
Patrick Takahashi

... is to, for now, continue to increase it! Huh? Yes, I'm serious, and let me tell you why. First of all, most of you lean to the Republican point o...

Debate Begins In Earnest As U.S. Hits Debt Limit

Posted 07.15.2011 | Politics

WASHINGTON (Reuters) – The United States will reach the limits of its borrowing authority on Monday, but don't expect to hear alarm bells in Was...

Poll Shows Where Americans Stand On Raising Taxes In Debt Fix

Posted 07.12.2011 | Politics

WASHINGTON (Reuters) – More than half of Americans say higher taxes should be part of a fix to tame the $14.3 trillion U.S. debt, a Reuters poll...

Simon Johnson: Is There Too Much Federal Debt?

The New York Times | Simon Johnson | Posted 07.06.2011 | Business

In the nation’s latest fiscal mood swing, the mainstream consensus has swung from “we must extend the Bush tax cuts” (in November and December 2...

Treasury: Debt Limit Needs To Be Raised By $2 Trillion

Posted 07.04.2011 | Business

WASHINGTON (Richard Cowan and Rachelle Younglai) - The Treasury has told lawmakers a roughly $2 trillion rise in the legal limit on federal debt w...

Chrystia Freeland: The Real Cost Of Diminished U.S. Clout

reuters.com | Posted 06.25.2011 | Business

Now, as the relative power of the United States in the global economy declines, it is a fact of life that Americans need to get used to, too. That is ...

Default On Debt Could Be Doomsday Scenario For Economy

AP | TOM RAUM | Posted 06.23.2011 | Politics

WASHINGTON -- The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now. But with partisan ...

Politics, Ideology Overshadow Debt Limit Talks

Posted 06.20.2011 | Politics

(Reuters) - In the looming fight over raising the debt limit, Washington will have its eye on two deadlines: July 2011 and November 2012. The first...

Debt Ceiling Debate Poses Conundrum For Freshman GOP Lawmakers

The Washington Post | Philip Rucker | Posted 06.18.2011 | Politics

They ran against debt. They swore and swore again that they'd cut up the nation's credit card. But now the 87 freshmen House Republicans are facing i...

National Debt: GOP, Democrats Both Helped In Driving Deficit Sky High

AP | TOM RAUM | Posted 06.14.2011 | Politics

WASHINGTON — Two centuries after America's birth, the national debt was a bit under $1 trillion when Ronald Reagan took office in 1981. Just thr...