The Trump administration is asking for US$850 billion in stimulus spending. Given the debt’s already at record levels, can the US afford it?
- Professor of Economics, University of Georgia
Although US debt may be at eye-popping levels, an economist explains why it shouldn’t keep you up at night.
Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is ‘losing.’ An economist explains why that’s rubbish.
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
The consequences if lawmakers don’t raise the debt ceiling in the coming days are unknown but potentially devastating for the US and global economy.
Despite its tendency to provoke anxiety-inducing debates in Congress and government shutdowns, the high level of US IOUs isn’t a big deal.
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