Month: June 2020

What’s behind the national debt?

Andie Corban and Kai Ryssdal Jun 17, 2020 Heard on: Marketplace Congress has passed more than $3 trillion in coronavirus-related relief legislation, and Senate Majority Leader Mitch McConnell has said he’s looking into another bill. Part of the conversation is about what more government spending could mean for the national debt. Here’s what you need to know about how […]

U.S. Debt Crisis Comes into View as Fed’s Balance Sheet Explodes Past $7 Trillion

Wall Street on Parade By Pam Martens and Russ Martens: May 29, 2020 ~ On May 29, 2019, the Federal Reserve’s balance sheet stood at $3.9 trillion. As of this past Wednesday, May 27, 2020, the Fed’s balance sheet had skyrocketed to $7.145 trillion, an increase of 83 percent in one year’s time. But the explosion in […]


Peter G. Peterson Foundation JUNE 5, 2020 There are three widely used measures of federal debt: debt held by the public, gross federal debt, and debt subject to limit. What are the important differences between those measurements? DEBT HELD BY THE PUBLIC Debt held by the public is the amount that the U.S. Treasury has […]

The national debt is out of control

The Washington Post By Robert J. Samuelson, Columnist May 10, 2020 at 3:40 p.m. EDT   The U.S. Treasury is planning to borrow almost $3 trillion during the second quarter (April to June) of 2020, a figure astounding in its size and implications. About $800 billion of that sum is designated as a financial reserve. If you were told that some […]