To balance the US budget, the government can increase revenue (through tax hikes, closing loopholes) or decrease spending (by […]

Why the National Debt Matters for the Dollar and Global Economic Strength Since World War II, the dollar […]

The debt ceiling is a legislative limit set by Congress on the total amount of money the U.S. federal […]

Resources: Part One: -economist.com, “The A to Z of economics.”; -investopedia.com, “What Is Capitalism? History, Pros & Cons, […]

The national debt’s burden is best measured by the debt-to-GDP ratio, which compares the total debt to a country’s […]

The majority of the national debt is held by U.S. domestic investors, including private individuals and institutions, and […]

The term “national debt” refers to the outstanding financial obligation of a country. The national debt is what the […]

The United States national debt primarily includes “debt held by the public” and “intragovernmental debt,” but it excludes […]