When the central bank makes money, it hands it to the Treasury. But now it’s losing money as it pays interest to banks on their deposits.

Every day there’s a warning about how catastrophic a default on the national debt would be. What’s it going to take to avoid that?

The U.K. has adopted an additional fiscal statistic that suggests public finances are not in such a bad shape after all.

Issuing a mega-coin has been proposed as a novel solution to the country’s debt ceiling crisis.

It’s like comparing apples and oranges, professor Golnaz Motie says, because the government has many more tools and huge immediate obligations.

There are public holders and government agencies, which all comes into play in the congressional debt ceiling battle.

The U.S. owes almost $29 trillion.

President-elect Joe Biden’s nominee for treasury secretary stressed that if we don’t shore up the economy now, we’ll have a worse crisis to manage later.

The last time the deficit was this high, as a percentage of the total economy, was 1946.

We look into how the government borrows money and what it means in the long run.