Econ Comments & Analysis
Fortune | American debt explosion: The good, the bad, and the ugly
Americans are taking on significantly more debt than they have in recent years. A look at what this means for the U.S. economy.
CRS | The Debt Limit Since 2011
The Constitution grants Congress the power to borrow money on the credit of the United States—one part of its power of the purse—and thus mandates that Congress exercise control over federal debt.
Blogs
WSJ | Is China at Risk of a Debt Crisis? Not Really, Bank Says
Is China headed for a debt crisis? That has emerged as a pressing question over the past year as the country’s overall debt level rises quickly and the recent specter of defaults in the shadow banking system rattles financial markets in China and abroad.
Heritage Foundation | A Look Back: 7 Instances of Wasteful Spending in the Stimulus Package
Five years ago this week, President Obama signed the American Recovery and Reinvestment Act—the stimulus package—into law. Here’s a quick reminder of how some of this $862 billion of taxpayer money was spent.
