Wendy Edelberg of Brookings says “political malpractice” might be a bigger risk to economic stability than the government’s massive borrowing.
While the passage of legislation in Congress has largely been stalled by political drama, impacts from the CHIPS Act and infrastructure law are starting to be felt.
There have been about 80 debt ceiling battles since 1960. But those decades of drama have never led to an actual default.
The trust fund supplementing income taxes could run dry within 10 years. Dennis Jansen of Texas A&M suggests reforms.
New work requirements on welfare were part of the debt ceiling deal. How might they affect benefit recipients?
Ray Dalio talks educational spending, taxes and more.
A debt ceiling deal has been made, and student loan borrowers will have to start making payments again later this summer.
Now, agencies and Congress need to figure out how to implement the thing.
How will the Treasury act to make up for lost time?
We’re going to need a lot of money and cooperation to address homelessness.
