When purchasing large amounts of U.S. debt, you generally must use a primary dealer to bid on that debt at Treasury auctions. Many of the primary dealers are large firms and banks on Wall Street. But not all of them. Since mid-2011, China has been purchasing U.S. debt directly from the Treasury Department.
As we celebrate the July 4th holiday marking the United States’ historic break with Great Britain, it’s worth considering: Are we as independent as we think we are? In fact, the numbers suggest that we are deeply dependent—on deficit spending and debt. Our nation’s current debt, nearing $16 trillion, and our annual budget deficit of $1.2 trillion, indicate that our government’s addiction to spending...
The latest Associated Press – GfK poll measuring Americans’ opinion on the economy revealed a negative outlook. Less than 1 in 3 Americans believe that their household’s finances will improve this year, and thirty-five percent believe that the unemployment rate will begin to rise in the coming months.
Has spending increased since President Obama took office? In Washington, a simple question like that is never easy to answer. One would assume that using simple math would yield accurate and reliable results, but Washington is never short of different perspectives on how math works.
As families struggle to improve their finances, what about the American Dream? Will the next generation be better off? Are families able to make ends meet? In our latest infographic we look at how families view the American Dream and whether or not the dream is still alive today. Take a look!
Pro-growth policies. A favored catch phrase for some of the G20 leaders who are struggling to maintain popularity in the downtrodden economies of Europe after it’s near fiscal meltdown. But, to some, this phrase is a thinly veiled attempt to re-brand a return to the same type of spending which caused their economies to head south in the first place.
We celebrated Independence Day last week. But with a deficit of almost $16 trillion, an annual budget deficit of $1.2 trillion and more than $5 trillion in foreign debt, how independent are we really? Gretchen Hamel, executive director of Public Notice,