As middle market businesses weigh the costs of the stand-off over raising the nation's debt ceiling, we offer some answers to frequently asked questions about how the dispute will play out. What is the debt ceiling? The debt ceiling sets a limit on how much debt the U.S. government can incur. ... 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. While these interest payments are rising quickly as the Federal Reserve raises rates to tame inflation, it’s important to have some perspective. As ... READ MORE >
Government deficit widens in August as battle over debt ceiling heats up
As another 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. The deficit was 14.7% lower than the budget gap a year ago, which was at $200 billion ... READ MORE >