Tag Archives: Federal Debt

Politics: Why America Faces Debt Catastrophe

The Economist (May 11, 2023) – As America’s government hits the debt ceiling, US politics has become a multi-trillion dollar game of chicken. If neither side backs down, America could default on its debts for the first time in history, sparking global economic turmoil. What is the debt ceiling, and how can this crisis be resolved?

Economy: “The U.S. Is Racking Up Debt. Will It Be a Problem?” (WSJ Podcast)

The Journal WSJ PodcastsThe federal government is spending big to combat the economic damage of the coronavirus crisis, and federal debt has climbed to record levels. 

WSJ’s Jon Hilsenrath explains the debate over the impact of all that debt.