Daily U.S. Government Income and Expenditures: Use the slide bar to see how Treasury’s cash deficit is projected to grow if the debt ceiling is reached, starting with Aug. 3. Mouse over the red points to see the running deficit … Continue reading
In his ongoing series of reports making sense of economic news, Paul Solman examines the struggles of companies to gain enough credit to stay afloat as lending remains tight. Continue reading
Question: How do the Social Security and Medicare trust funds work? My understanding is that there is no money there, so that general government revenues have to be tapped to answer calls on them. Thus they are insolvent now? Paul … Continue reading
Question: As the Dow continues to fall, I keep wondering where the money is going. Obviously, money is being pulled out of the stock market, even though we all are still buying and using products, and companies are still functioning. … Continue reading
- When the Treasury Department is repaid the money it lent, shouldn’t that be used to pay down the national debt?
Question/Comment: When the day comes that the banks and other financial institutions start to repay the vast amounts of money that have been borrowed by the Treasury Department, shouldn’t that money be used to pay down the additional national debt … Continue reading
Wall Street’s credit freeze sparked a global economic crisis and forced U.S. cities and states to tighten their budgets. Elizabeth Brackett reports from Illinois about the state’s financial woes then Chris Hoene of the National League of Cities explains the national downturn. Continue reading