US National Debt

The old world is giving way to a new order. What key political-economic drivers of change are destined to shape our lives in the medium term? According to an adage that is popular in the financial community, economists are sufficiently competent to correctly predict ten out of five recessions. Despite this sobering statistic, I want to venture several conjectures regarding...

AP Images Mitch McConnell In a win for the American people, U.S. Senate Republicans have abandoned the illegal-alien amnesty they called a border security bill. The reason, GOP Senate Majority Leader Mitch McConnell said, is that House Republicans said it would never pass the House. But killing the measure did more than deep-six language that would have imported more cheap...

zimmytws/iStcok/Getty Images Plus The U.S. national debt surpassed $34 trillion for the first time in history on Friday, according to U.S. Treasury data. The growing record debt only highlights the need for political leaders to reduce government spending while making positive moves toward fiscal responsibility.  The national debt is the total of all outstanding government liabilities owed to the public or...