NEW YORK - The United States of America isn't going to default on its debt, even if Congress doesn't increase the statutory borrowing authority in the next couple of months. Everyone in Washington knows, or should know, this.
By CAROLINE BAUM
NEW YORK - Just when you thought you could forget about the fiscal cliff and focus on the Republican and Democratic conventions instead, along comes the Congressional Budget Office to remind us of the impending threat.
NEW YORK - If you are anything like me, you have spent the last 10 days listening to President Barack Obama and his Republican challengers accuse each other of being the meanest miser when it comes to denying health care to seniors. Unless you are an actuary or have a fondness for, and facility with...
NEW YORK — When George W. Bush took up residence in the White House in January 2001, total U.S. debt stood at $5.95 trillion. Last week it was $14.3 trillion, with $2.4 trillion more freshly authorized by Congress.
Ten years and $8.35 trillion later, what do we have to show for this decade of defi...