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Stories Tagged as

Government debt

Raising the Debt Ceiling

What's really behind concerns about government overspending?

by David Brancaccio , Ariana Rosas and Jarrett Dang
Feb 9, 2023
The current debt ceiling fight reflects old concerns about government debt, says economist Michael Boskin.
House Speaker Kevin McCarthy, above, is a player in the debt ceiling issue. Economist Michael Boskin, who led the Council of Economic Advisers under the first President Bush, says the current debt battle reflects concerns about excessive government spending.
Drew Angerer/Getty Images
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Does austerity have a hidden agenda?

by David Brancaccio and Ariana Rosas
Feb 8, 2023
A new book explores the historical relationship between austerity, the labor force, and fascism.
Pensioners march in Athens in 2018 during a demonstration to demand the return of pension funds lost as part of austerity measures. Clara Mattei, author of "The Capital Order," argues that austerity reflects a deeper history of labor force suppression.
Angelos Tzortzinis/AFP via Getty Images
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COVID-19

Even with a vaccine, global economic recovery will be starkly uneven — OECD

by Victoria Craig
Dec 1, 2020
OECD chief economist Laurence Boone says governments must double down on providing support to avoid "scarring effects."
OECD chief economist Laurence Boone says children whose schooling has been affected by COVID-19 are among those likely to be "scarred" long-term.
Johannes Eisele/AFP via Getty Images
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Kai Explains

What's behind the national debt?

by Andie Corban and Kai Ryssdal
Jun 17, 2020
We look into how the government borrows money and what it means in the long run.
Then-Federal Reserve Chair Janet Yellen testifies before the House Financial Services Committee in 2016. The national debt has since passed $26 trillion.
Alex Wong/Getty Images
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Fed to buy unlimited government debt and lend to businesses

by Associated Press
Mar 23, 2020
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis.
Federal Reserve Chairman Jerome Powell during a 2018 news conference.
Alex Wong/Getty Images
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Yeah, it’s all about your parents’ retirement

by Nancy Marshall-Genzer
Mar 30, 2017
We got some grim news from the Congressional Budget Office today. The CBO predicted that the budget deficit and government debt will more than triple during the next 30 years unless Congress and the White House change the laws on how much the country spends and takes in. A big part of the problem? The […]
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