In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...
High debt levels and potential fiscal dominance could lead to lower interest rates, benefiting assets like BTC and gold.
After the bipartisan Congressional Budget Office (CBO) projected U.S. national debt will continue to get worse, one of the industry’s watchdog is signaling that its latest economic outlook is ...
The modern equivalent isn’t literal coin shaving. But as 2026 starts with the U.S. staring down a 120% debt-to-GDP ratio, top ...
The problem for Treasuries is a 3% primary deficit plus 3% interest rate costs exceeds the typical 4.5% GDP expansion. That broadly equates to an ongoing 1.5% increase in the debt/GDP ratio. This ...
Government debt as a share of the U.S. economy is falling. This must mean President Joe Biden's administration and Congress are practicing fiscal responsibility, right? No, it doesn't. The main driver ...
A final decision on the FY27 consolidation strategy will hinge on the economic growth outlook, which will be reassessed after ...