Us News Mounting Federal Debt Puts The U S At Risk Of A Fiscal Crisis Congressional Budget Office Warns The New York Times

The most likely solution to the US debt crisis is severe austerity triggered by a fiscal calamity, former White House economic adviser says

"Eventually, in the unforeseeable future, austerity may be the most likely of the six possible outcomes." ... Read More

How Will Unsustainable U.S. Debt End?

There are 6 ways an unsustainable debt path can come to an end: faster economic growth, lower interest rates, default, inflation, financial repression, and fiscal austerity. Read more here. Read More

Is a U.S. debt crisis coming? Compare the global playbook

America's debt pile has grown so large that it now shapes every conversation about interest rates, markets and long‑term growth. To understand whether that trajectory ends in a full‑blown crisis, I ... Read More

U.S. debt tops $38 trillion for the first time, worsened by government shutdown

The U.S. gross national debt has surpassed $38 trillion for the first time, U.S. Treasury Department data shows. The country's mounting debt comes as the government remains closed, disrupting the ... Read More

What a debt crisis would look like and why we must act now

Many Americans have grown numb to headlines about trillion-dollar deficits and a national debt that will destroy the U.S. economy. It has become routine to hear that Washington has added yet another ... Read More

Shutdown is costing U.S. economy $7 billion per month, budget office says

WASHINGTON — The U.S. government shutdown is costing the economy about $7 billion per month that won’t be recovered when it reopens, according to a new report by the nonpartisan Congressional Budget ... Read More

Congressional Budget Office estimates an up-to-$14B shutdown cost

Oct. 29 (UPI) --The longer the federal government shutdown lasts, the more it will cost the U.S. economy, which the Congressional Budget Office estimates at up to $14 billion. The current CBO estimate ... Read More