Economists Who Weren’t Worried About the Debt Are Now Panicking
The U.S. national debt hits $40 trillion, and even the doves are now singing the hawk's tune - because apparently, ignoring a growing pile of IOUs doesn't make it go away.
The U.S. national debt hits $40 trillion, and even the doves are now singing the hawk's tune - because apparently, ignoring a growing pile of IOUs doesn't make it go away.
NPR Economy
The U.S. federal debt hits $40 trillion, interest payments top a trillion, and the bond market is starting to get antsy - while Congress pretends it's all a bad dream.
An economist who spent decades dismissing debt-crisis fears now warns the $31 trillion national debt is a problem, but suggests fixing it might have to wait until after the midterms.
The Guardian Europe
House of Lords committee tells Rachel Reeves her £22bn fiscal buffer is historically puny, debt is unsustainable, and maybe stop treating the rules like a game of chicken.
The Good Times
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