Things are hot and heavy in Washington in the middle of summer with lots of action on issues affecting the budget and debt. The forecast calls for deficits and debt to rise considerably but the outlook for producing next year’s budget remains unclear. Here’s your fix for the latest developments on the federal budget and national debt.
Federal Reserve Chair Janet Yellen made it clear in congressional testimony that the national debt is on an unsustainable path that policymakers must address.
Everybody wants to grow the economy faster, and with good reason. In addition to improving incomes for Americans, more growth will also help fix the debt. However, some politicians are making unrealistic promises about how much growth can be achieved.
Interest rates are on the rise again. See what that could mean for investments like education, infrastructure, and basic research.
Happy New Year! A new year, Congress, and presidential administration mean it’s a good time for some New Year’s resolutions to move us in a new direction. We have some ideas when it comes to the federal budget and national debt based on the resolutions many of us are making now.
National Debt and You