Less than two months after acting to bail out the nation’s money markets because of a liquidity crisis that arose from a surge in U.S. government borrowing to fund its spending, Federal Reserve Chair Jerome Powell testified before the U.S. Congress that the federal government’s current course of debt-fueled spending is on an “unsustainable […]
Tag: Fiscal Policy/Debt
Craig Eyermann | Thursday November 14, 2019 at 7:28 PM PST
Craig Eyermann | Tuesday July 2, 2019 at 9:00 AM PDT
The Congressional Budget Office has published its Long-Term Budget Outlook for 2019, projecting the U.S. government’s fiscal health will become much worse over the next 30 years in its baseline scenario.