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National Debt

What is national debt and how does it affect our economy?

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National Debt

We have a debt ceiling deal. So what happens next?

by Kimberly Adams
Jun 2, 2023
Now, agencies and Congress need to figure out how to implement the thing.
Congress will soon have to turn broad spending limits into actual appropriations bills for the next fiscal year.
Stefani Reynolds/AFP via Getty Images
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Finding Your Place

The economics of homelessness

by David Brancaccio , Erika Soderstrom and Hannah Baggenstoss
Jun 2, 2023
In this Marketplace special, we’re taking a look at how the debt ceiling drama further restricts us from addressing big issues like homelessness.
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Make Me Smart | Episode 936

A tale of two debt dramas on Capitol Hill

Jun 1, 2023
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National Debt

What will happen once the debt ceiling deal is passed?

by Sabri Ben-Achour
Jun 1, 2023
How will the Treasury act to make up for lost time?
After hitting the debt ceiling and taking extraordinary measures, "the Treasury Department has to replenish their checking account, basically," said George Mateyo Key Private Bank.
Mandel Ngan/AFP via Getty Images
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Make Me Smart | Episode 935

Extraordinary measures for extraordinary times

May 31, 2023
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National Debt

The debt limit deal would reduce government spending by about $1.5 trillion

by Justin Ho
May 31, 2023
Reduced government spending can have an impact on the broader economy. But economists say the effects will likely be limited.
"It does slow the economy, but not in a particularly meaningful way," said economics professor Justin Wolfers of the debit limit deal reached by House Speaker Kevin McCarthy and President Joe Biden.
Drew Angerer/Getty Images
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I've Always Wondered ...

Who does the U.S. owe $31.4 trillion?

by Janet Nguyen
May 26, 2023
Our creditors range from private investors to foreign governments. Some seek to align the debt limit with the budgeting process.
The debt limit is the amount of money the Treasury can borrow to meet its obligations. The deadline for Congress to lift the limit, lest the U.S. default, is quickly approaching.
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National Debt

How the debt ceiling fight puts the indispensable U.S. Treasurys market at risk

by Matt Levin
May 26, 2023
The $24 trillion Treasury bond market plays an important role in the global financial system. Is there any viable alternative?
"U.S. Treasurys are the safest asset anywhere, even in the case of default," says Yesha Yadav from Vanderbilt. This is why essentially the entire global financial system buys U.S. government debt whenever there's a panic.
Mandel Ngan/AFP via Getty Images
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Make Me Smart | Episode 932

The U.S. Treasury is running out of cash

May 25, 2023
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National Debt

Where does the US credit rating come from?

by Kai Ryssdal and Andie Corban
May 25, 2023
Atsi Sheth from Moody's gives us a behind the scenes look into the company's ratings process.
"In the most basic terms, a credit rating is really an opinion on the credit quality of any entity that borrows on the debt capital markets," said Atsi Sheth at Moody's Investors Service.
Emmanuel Dunand/AFP/Getty Images
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