News
CNN Money | Spending cuts: What you need to know
The budgets of most federal government programs and agencies will shrink on March 1.
Econ Comments & Analysis
Real Clear Markets | A Sequester Solution Both Sides Will Like
With under two weeks to go until the previously agreed-upon budget cuts called the sequester, some Republicans and virtually all Democrats in Washington, D.C. are searching for a new agreement that will avoid those budget cuts and replace them with either fewer cuts, some tax increases, or nothing at all.
Washington Times | A history of the national debt
Alexander Hamilton, America’s first secretary of the Treasury, issued the first U.S. Treasury bonds on Sept. 18, 1789. The Continental Congress had borrowed money from overseas to help finance the Revolutionary War and could not pay back its loans. It defaulted on maturing debt in 1786 and couldn’t pay the 625 soldiers of the U.S. Army in 1787. By the time the Constitution went into effect on March 4, 1789, the United States owed $75 million.
CNBC | Obama Debt Solutions ‘Generational Theft:’ Langone
The nation's debt as a percentage of the economy is going to cause a fiscal storm, Home Depot Founder Kenneth Langone told CNBC on Tuesday.
Mercatus | High Levels of Government Spending Become Status Quo
Government spending was a central issue in President Obama’s recent State of the Union address, and it has remained an important concern in this upcoming cycle of budget negotiations on the sequester and debt ceiling.
