In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

US government debt could reach 250% of gross domestic product without putting upward pressure on interest rates, according to a paper presented at the Federal Reserve’s Jackson Hole conference. “Until ...

US debt in the hands of the public now stands at 99% of GDP. The Congressional Budget Office (CBO) projects that it will reach 107% of GDP by 2027. The projections of the ratio of debt to GDP show an ...

The United States now carries one of the largest public debt loads in history, and the raw figures are staggering enough to dominate headlines and campaign ads. To understand how that burden really ...

US debt crisis is reaching historic levels — and for the first time in a century, America’s debt burden is on track to surpass Italy and Greece, according to the International Monetary Fund (IMF). The ...