Interest payments on the national debt top $1 trillion as deficit swells
The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its…
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal…
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila…
Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns
Wall Street forecaster Jim Bianco expects Treasury yields to go a lot higher — and possibly overshoot through 5% in…
New IRS paperless system will help reduce deficit significantly over 10 years, Yellen says
WASHINGTON — Treasury Secretary Janet Yellen praised a new initiative by the IRS that she said will help reduce the…
