What exactly is the debt ceiling, and other frequently asked questions. … READ MORE >
budget deficit
Rising interest payments, deficits and the debt ceiling crisis
The mounting stand-off over raising the federal government’s debt ceiling has put a renewed focus on the rising cost of financing the nation’s debt. … READ MORE >
Government deficit widens in August as battle over debt ceiling heats up
As another potential showdown over raising the nation’s debt limit looms, the U.S. budget deficit in August reached $170.6 billion, widening the total deficit in the first 11 months of the 2021 fiscal year to $2.711 trillion. … READ MORE >