Category National Debt

The U.S. government’s fiscal outlook has become markedly worse in the last couple of months — not because of anything happening on Capitol Hill, but because of shifts in global bond markets. Why it matters: An upward shift in long-term interest rates…

While Congress is locked in a cage match over whether to fund the federal government or shut it down, a welcome dose of sanity entered the otherwise dangerous and juvenile standoff: the idea of creating a bipartisan, bicameral fiscal commission…