Posts by Elise Yeap
Treasury is about to flood the market with debt to fund U.S.’s $1 trillion deficit
An anticipated surge of U.S. borrowing in the global debt markets in the second half of this year is starting to create concern as the Treasury is expected to ramp up its issuance of bills, notes and bonds to fund a soaring $1 trillion budget deficit.
Read MoreTreasury Designates China as a Currency Manipulator
The Omnibus Trade and Competitiveness Act of 1988 requires the Secretary of the Treasury to analyze the exchange rate policies of other countries. Under Section 3004 of the Act, the Secretary must “consider whether countries manipulate the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of…
Read MoreActions Needed to Achieve Long-Term Fiscal Sustainability
Debt held by the public was $15.8 trillion—or 78 percent of gross domestic product (GDP)—at the end of fiscal year 2018. It is projected to surpass its historical high of 106 percent within 13 to 20 years, and climb between about 250 to 500 percent by 2092.
Read MoreFive Years to the National Debt Death Spiral
According to the U.S. Treasury Department’s Office of Debt Management, the U.S. government is just five years away from the point where every new dollar it borrows from the public will go toward funding interest payments on the national debt.
Read MoreCharlie Munger Says U.S. In “Uncharted Territory” Over $22 Trillion National Debt – Forbes
“It’s a cinch that a great nation will, in due time, be ruined. Whether it’s Rome, whether it’s Britain in its heyday, they all pass. And, so our turn is bound to come someday. But I don’t like thinking about it too much. It’s like my own death.”
Read MoreFederal debt bomb moves closer to detonating
Not to sound like a broken record, but people should really be worried that the federal government keeps breaking records for annual deficits and long-term debt. The Congressional Budget Office projected Monday…
Read More