The Debt
  • The American Flag flies at the U.S. Capitol Building, as Mayor Muriel Bowser declared a State of Emergency due to the coronavirus disease (COVID-19), on Capitol Hill in Washington

    National Debt Will Exceed Size of Economy in 2021

    By Michael Rainey

    The CBO also updated its budget outlook Wednesday, estimating that the federal budget deficit for fiscal year 2020 would come in at $3.3 trillion, down from its previous estimate of $3.7 trillion...

  • Steel beams on the draw span, which needs replacement, are shown on the Arlington Memorial Bridge in Washington.

    Once Again, Infrastructure?

    By Michael Rainey

    Real interest rates are negative, which means the federal government is essentially getting paid to borrow money right now, once inflation is taken into account. Writing at Bloomberg Monday, Wall...

  • US Debt Is Now Larger Than the Economy. Does It Matter?

    By Michael Rainey

    The national debt is now roughly the size of the U.S. economy, crossing a threshold that has long worried deficit hawks and many economists. At the end of 2019, the federal debt held by the public...

  • District of Columbia

    Op-Ed of the Day: A Major Problem for the $26.5 Trillion National Debt

    By Michael Rainey

    The national debt is rapidly running higher as Congress spends trillions on coronavirus relief efforts, but James Clark, the deputy assistant secretary for federal finance in the Treasury Department...

  • (FILE) Joe Biden's First Official Day As The De Facto 2020 Democratic Presidential Nominee

    Is Joe Biden Still a Deficit Hawk?

    As Joe Biden prepares to formally accept the Democratic presidential nomination Thursday, he’ll be looking to convince Americans that he, not President Trump, is best prepared to meet this moment in...