Tag Archives: US economy

Why America Has a Debt Ceiling: 5 Questions Answered

epublicans and Democrats are again playing a game of chicken over the U.S. debt ceiling – with the nation’s financial stability at stake. Treasury Secretary Janet Yellen recently said that June 1, 2023, is a “hard deadline” for raising the debt limit, currently set at US$31.38 trillion, to avoid an unprecedented default. The government hit the ceiling back in January …

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How to Invest if You’re Worried a Recession is Coming

Business investment and consumer confidence are taking a hit due to the growing economic jitters and uncertainty over the ongoing trade war with China. An important bond market recession warning – known as an inverted yield curve – is spooking investors.

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Who is Benefitting from US Economy’s Longest Ever Expansion

Overall, a well-performing economy should be one where most families take two steps forward during expansions and one step back during recessions. But that’s not America’s reality today.

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Setting the Right Course in the Next Budget Agreement

While the economy is steadily improving, this recovery has done little or nothing for the household budgets of many middle-class and low-income Americans. This dynamic is dramatically illustrated by data compiled by economist Emmanuel Saez, which show that the top 1 percent of Americans reaped 58 percent of all income gains from 2009 to 2014. Meanwhile, median wages have been stagnant …

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