National Debt - /contrib/national_debt

A US default would be a "catastrophic blow" to America's economic recovery from Covid-19, setting off a downturn that would rival the Great Recession, Moody's Analytics warned in a new report. If the US defaults on its debt payments and the impasse drags on, the ensuing recession would wipe out

Almost a decade after out-of-control spending and borrowing fueled the Tea Party revolution in a historic midterm election, no major presidential candidates from either party seem interested in the national debt that now stands at more than $23 trillion,