Why do we keep playing the debt limit charade?

Aug 29, 2017
It has everything to do with politics and very little to do with debt.
U.S. Secretary of Treasury Steve Mnuchin discusses 2018 budget proposals for the Department of Treasury and tax reform at a Senate Finance Committee hearing on May 25.
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To cut or not to cut? The debate over the government’s debt

Jun 1, 2017
There’s a tug of war in the Trump administration over the debt ceiling — specifically, whether Congress should attach spending limits to legislation raising or suspending the ceiling. It limits how much the Treasury Department can borrow to pay its bills. Now, Treasury Secretary Steven Mnuchin is urging Congress to raise the debt ceiling with […]

Should the Treasury take charge of managing student loans?

May 26, 2017
The Department of Education isn’t your typical go-to for high drama in Washington, D.C. But this week hasn’t been typical. First, President Trump’s budget proposal called for drastic cuts to the department’s budget. Then, James Runcie, who oversaw the office that manages the federal government’s $1.3 trillion student loan portfolio, walked. In a rather critical […]

We finally know how much U.S. debt is owned by Saudi Arabia

May 18, 2016
The answer to a question you didn't even know you had.