Deciding Who Won’t Get a U.S. Check

During two dates in December, we can worry about federal spending and debt and who won’t get a check from the U.S. government.

A Congressional Debt Ceiling Game (Theory)

Looking at the game theory behind congressional debt ceiling negotiations, we see a classic example of the prisoner’s dilemma.

How the Debt Ceiling Connects 1953 and 2021

Problems with the debt ceiling connect President Eisenhower’s highway spending and President Biden’s transportation infrastructure proposals.

Six Facts We Need To Know About the U.S. Federal Debt

Through just six facts about the U.S. debt, we can get a pretty good picture of what it is, who funds it, and where it might go.

Worrying About the Treasury’s “X” Date

Concerned about the “X” date, Treasury Secretary Steven Mnuchin has written a letter to House Speaker Ryan about the debt ceiling.

Why the Congress Needs to Raise the Debt Ceiling Again

A week ago, Treasury Secretary Steven Mnuchin sent a letter to Speaker of the House Paul Ryan. The letter said we will have maxed out our borrowing at midnight tonight. Having reached its “statutory limit,” the outstanding debt of the U.S.…

Weekly Roundup: From Aging in China to Smiling in Denmark

Our economic news summary includes social welfare and Denmark, crowdsourcing and contests, hitting the debt ceiling, aging concerns and expensive lobsters.

An Update: What We Need to Know About the Debt Ceiling

A debt ceiling controversy could erupt by November 3rd when Jack Lew says the U.S. Treasury will need to borrow to meet its spending obligations.

Weekly Roundup: From Shopping More to Driving Less

Our everyday economics includes tradeoffs, debt ceiling, fiscal policy, GDP, productivity, entitlements, regulation, autonomous vehicles, and innovation.

The Problem With Hitting the Debt Ceiling Again

With the U.S. hitting a debt ceiling that is equal to the GDP, concern over U.S. spending is growing as the Congress again decides how to avoid a default.