by Andrew Moran | Jan 2, 2024 | Articles, Business News, Opinion
What is a creature that never stops soaring and a burden that keeps on intensifying? Answer: the national debt. It is remarkable how much red ink flooded the corridors of power over the last year, and recent actions by the Treasury Department indicate the gaping holes...
by Andrew Moran | Dec 28, 2023 | Articles, Business News, Good Reads, Opinion
Based on Treasury data, the US national debt is on track to top $34 trillion by the year’s end or to kick off 2024. Observers keeping an eye on the federal government’s Debt to the Penny clock are in shock and awe at how much Uncle Sam borrows daily to...
by Andrew Moran | Nov 10, 2023 | Articles, Economic Affairs News, Politics
President Joe Biden and his administration have warned taxpayers of trillion-dollar deficits over the next decade. But while guaranteeing budget shortfalls is a chief tenet of Bidenomics, determining how to fund these gaps has become much more complicated in recent...
by Andrew Moran | Oct 22, 2023 | Articles, Business News, Opinion
On Treasury Island, US bonds have become the new gold. The yields on Treasurys have ballooned to levels unseen since the global financial crisis. The two-year and the 30-year options have crossed the critical 5% threshold, while the benchmark ten-year yield topped 5%...
by Andrew Moran | Apr 18, 2023 | Articles, Business News, Good Reads, Opinion
Despite the doom and gloom surrounding the debt ceiling, global financial markets have barely reacted to default warnings. Everyone has watched this show and the endless sequels and remakes before. The federal debt limit approaches, the Treasury employs extraordinary...