…local governments are selling debt like it’s going out of style, with 28.2% and 8.3% annualized debt growth in the second quarter of 2009. It is no secret that the…

…it came close enough that it led to a debt downgrade for the US. So, Dems, if you lose a house of Congress, eliminate the debt ceiling, please! Barkley Rosser…

The US is one of a small handful of countries that has a statutory limit on the federal debt. It used to be routine for Congress to raise the debt…

…of the appropriate policies reveals a split with the other members of the governing “troika,” the European Commission (EC) and the European Central Bank (ECB), which have emphasized short-term fiscal…

…pull an ECB, and raise rates even though the economy is still depressed and underlying inflation is still low. As it was, however, few people expected the Fed to pull…

…that the U.S. Treasury will not default on its debt after August 2nd, even if the debt ceiling is not raised. Not only will the Treasury be able to pay…

…just three years earlier. And the daily payments on bonds and other securities that show up in the Treasury Daily Statement cover only cash interest paid to public debt holders….

…the prospect of default is the reason they will not negotiate about spending restraint, Republicans should begin the debt-ceiling fight by permanently eliminating that prospect, turning the debt-ceiling debate into…

…Debt” noted that U.S. fiscal policy since 1789 had strived to retire any debt created during major wars or recessions. In fact, the ratio of gross debt to GDP fell…

…calculated yield on debt. That one can write down the debt marking it to market. This does not work. Investors do not want shares of a firm which claims profits…