Biden Discard Negotiation With Republicans Concerning Debt Ceiling

Biden

The President of U.S.A is set to meet with House Speaker Kevin McCarthy as the debt ceiling deadline approaches and the two remain far from an agreement to avoid the first-ever default on the nation’s debt. The meeting Wednesday afternoon at the White House comes as Republicans in their new House majority have said they … Read more

US Inflation: Debt Will Rise to at Least 116% of GDP by 2032

U.S inflation

Inflation was at a 40-year high as economic growth cooled after the recovery from the end of the worst of the COVID-19 pandemic. We at the Committee for a Responsible Federal Budget have been tracking all of this work, with more than 200 analyses, papers and other products highlighting the fiscal and economic effects of … Read more

U.S Debt: What is The Debt Ceiling and Why Does it Matter

U.S debt ceiling

What is This U.S Debt Ceiling? The debt ceiling is the amount of money the U.S. Treasury is authorized to borrow to pay its bills. United States of America hit the debt ceiling few days ago, which forced the Treasury Department to begin taking extraordinary measures to continue paying the government’s bills.  Janet Yellen who … Read more

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