debt

In the late 19th century Alexander Hamilton wrote “national debt, if it is not excessive, will be to us a national blessing.” A nice idea in theory, but America’s governments since then haven’t quite stuck to the plan. Instead, the U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio […]

Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt […]

Black Swan author Nassim Taleb says at this point, it will take a miracle for the US government to avoid falling into a deadly debt spiral. Taleb’s warnings come as another $201 billion was added to the US national debt in just one month. According to new data from the Treasury, the US national debt […]

We humans, as author, mathematician and former options trader Nassim Nicholas Taleb observes, “lack imagination to the point of not even knowing what tomorrow’s important things will look like.” That is unless we’re talking about Asia’s view of the battle underway on Capitol Hill over the US deficit.   Taleb, famous for his 2007 bestseller “The […]

The United States is on a pace to add nearly $19 trillion to its national debt over the next decade as the mounting costs of an aging population and higher interest expenses continue to weigh on the nation’s fiscal outlook, the nonpartisan Congressional Budget Office said on Wednesday. But the report did offer a sliver […]

It’s been dubbed the “most predictable crisis” facing the U.S. economy, but an expert has warned it will take a “miracle” to save America from its national debt problem. Nassim Nicholas Taleb, the author of best-selling book The Black Swan, correctly predicted the 2008 financial crash but said “gloomy” times ahead for the U.S. economy […]

Angle down icon An icon in the shape of an angle pointing down. Nassim Taleb. Mohd Zakir/Getty Images The US is headed for a debt “death spiral” if politicians don’t rein in spending, Nassim Taleb said.  “The Black Swan” author said debt troubles will continue if Congress can’t  “A debt spiral is like a death […]

Black Swan author Nassim Nicholas Taleb said the US deficit is swelling to a point that it would take a miracle to reverse the damage. “So long as you have Congress keep extending the debt limit and doing deals because they’re afraid of the consequences of doing the right thing, that’s the political structure of […]

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Millennial and Gen-X graduates are not the only ones staring down a mountain of student debt in the US. Colleges and universities are also feeling the squeeze. Shrinking revenues, rising costs and smaller enrolments led […]

Saul Loeb/AFP/Getty Images The US Treasury Department said national debt surpassed $34 trillion on December 29. London CNN  —  The US government’s debt has topped $34 trillion for the first time, just weeks ahead of deadlines for Congress to agree to new federal funding plans.


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