News
Politico | Senate chops aid to Egypt
U.S. aid to Egypt would be cut by $400 million under a Senate foreign aid bill, which shifts at least $100 million toward Central America to try to address the violent crime and economic ills that have been driving the wave of child migrants crossing the southwest border into Texas.
CNN Money | Drowning in student loan debt
Last week, President Obama proposed some relief for graduates with student loans. But for too many, decisions made in college on student loans continue to haunt them. Edited for clarity.
Market Watch | First-quarter U.S. current account deficit climbs to $111.2 billion
The U.S. current account deficit widened to $111.2 billion in the first quarter, or 2.6% of gross domestic product, from $87.3 billion, or 2%, in the fourth quarter, the Commerce Department said Wednesday.
Econ Comments & Analysis
Market Watch | Americans are getting into debt — just to get by
Nowhere has the unequal nature of the post-banking-crisis recovery raised more concerns for the long-term sustainability of the U.S. economy than in the clear rise of non-discretionary consumer credit.
CRS | Foreign Holdings of Federal Debt
This report presents current data on estimated ownership of U.S. Treasury securities and major holders of federal debt by country. Federal debt represents the accumulated balance of borrowing by the federal government.
CATO | Fiscal Uncertainty and Economic Activity
Over the past six years, policymakers and business leaders alike have seen the U.S. economy buffeted by larger-than-usual uncertainty about fiscal policy. As illustrated by a number of prolonged struggles at all levels of government in recent years, there is little consensus among policymakers about the fiscal mix and timing going forward. Will government spending rise or fall? Will taxes rise or fall? Which ones? And when will it happen?
