Government Debt

National Debt Up More Than $6 Trillion Under Obama
www.newsmax.com

Less than two months into President Obama's second term, new numbers show the national debt increased by more than $6 trillion since he took office. The Office of Management and Budget projects the national debt will continue to increase by more than …

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Fitch warns US risks losing AAA debt rating
www.usatoday.com

U.S. lawmakers must make credible progress this year on a long-term deficit-reduction strategy or risk losing Fitch Ratings' top AAA grade on U.S. government debt, Fitch warned Wednesday. Fitch said it would not immediately cut its rating if Congress …

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Obama's Now Added $6 Trillion to the National Debt
www.weeklystandard.com

"Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37)," reports Mark Knoller of CBS.

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Is there a tipping point for government debt? And is the United States about …
www.washingtonpost.com

That is, that 80 percent public debt to GDP ratio is the point at which a nation becomes vulnerable to tipping points on debt. The idea is that once a nation has debt above that level, it becomes vulnerable to the kind of self-reinforcing vicious …

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High Debt Is a Real Drag
www.heritage.org

Three teams of economists have separately shown that high government debt has a negative effect on long-term economic growth. When government debt grows, private investment shrinks, lowering future growth and future wages. Estimates across …

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Lloyds makes £3bn from UK government debt sales
www.telegraph.co.uk

The bank is likely to have bought the UK government bonds about four years as banks came under pressure to increase the amount of liquid securities they held on their balance sheet to provide emergency funding in the event of a new financial crisis.

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S&P issues favorable rating on Unified Government bonds
www.kansascity.com

Standard & Poor's Corp. has assigned an investment-grade AA rating on Unified Government revenue bonds, and the agency also issued a stable outlook rating on the long-term debt. Order Reprints …

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