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Lots of sound and fury on US debt, but not a crisis — yet

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FILE – The Treasury Department is seen near sunset in Washington, Jan. 18, 2023. The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, which could come to a head this summer if the government runs out of accounting maneuvers to keep paying its bills. (AP Photo/Jon Elswick, File)

By JOSH BOAK (Associated Press) WASHINGTON (AP) — For all the sound and fury about raising the nation’s debt limit, most economists say federal borrowing is not at a crisis point … at least not yet. The national debt is at the core of a dispute about how to raise the government’s legal borrowing authority, […]


Originally published at Associated Press
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