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The CBO calculates that servicing costs will triple in size to nearly $1tn by 2028
The FT’s chief economic commentator invited Reddit users to ‘Ask Me Anything’. From pot to populism, here are the highlights
US growth could stop outperforming, for example.
New OMB data show $113bn increase after tax cuts and spending measures
A party of Trump and Ryan cannot be trusted with the US’s finances
President seeks funding from Congress as he sticks to immigration stance ahead of midterms
Modern monetary theory is a step toward honesty in budgeting
Demand for Treasuries remains robust even as Fed steps back from auctions
A consensus has settled that the US can prosper despite its parlous public finances
Mary Meeker is at it (again)
Markets want the rule of law, stability and leadership. The president risks all three
Policy is raising US bond yields but effects on the dollar are ambiguous
Unsustainable borrowing may cause a clash with the Fed, but not a solvency crisis
Amid record global borrowing, the US should seek fiscal consolidation
Congressional Budget Office warns of ‘serious negative consequences’ from rising debt
President warns 'I will never sign another bill like this again'
President warns Congress: ‘I will never sign another bill like this again’
President says budget bill was a matter of national security
Irresponsible borrowing by the US, China and India imperils global growth
But those hoping for a great acceleration in the economy will be disappointed
A large fiscal boost so late in the US cycle will add to pressure on the Fed