Contemporary journalism is much more episodic than systematic, focusing on one-off events and the colorful personalities involved rather than the long-term trends that brought about the current ...

In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...

You can’t undo what’s been done. Maybe Chuck Schumer should have forced a government shutdown by filibuster. But that chapter is in the past. Looking down the road, the next big conflict on the ...

Most economists agree that if the U.S. were to ever reach the debt ceiling, the consequences would be catastrophic. While the U.S. continually wrestles with this borrowing cap, most other nations take ...

While most Americans know about the national debt, their level of understanding is remedial at best. Understanding there is a national debt and learning about how it all works are two very different ...

President Donald Trump blasted Sen. Rand Paul, R-Ky., for criticizing the massive Trump-backed budget bill. Paul said on CNBC's "Squawk Box" that he is "just not open to supporting $5 trillion … in ...

Most Americans have a weight off their shoulders this week—assuming they filed their taxes by Tuesday’s deadline. For the Internal Revenue Service, though, the stress has only just begun. Tax season ...

The recently passed One Big Beautiful Bill Act increased the debt limit to $41.2 trillion, or 136 percent of GDP. Some believe that Congress will have to raise the debt limit again before the 2026 ...