AI has the potential to be so transformative that it “should give optimists pause,” the study notes.

U.S. debt nears $40T as borrowing and $1.2T interest costs surge—GAO and Ray Dalio warn of fiscal risks. Click here to read in detail.

"Bond markets unravel sooner when investors believe that the government will not restore fiscal sustainability." ...

Let’s not sugarcoat this: the national debt is out of control. We all know it, but nobody wants to budget on how to really fix it. We’re staring down the barrel of almost $37 trillion dollars in debt ...

Data included in a new report by the nonpartisan Congressional Budget Office (CBO) shows that America’s debt crisis grew substantially worse under President Joe Biden. Without significant changes, the ...

When it comes to national debt, the main lesson hawks want to impress on policymakers is the cost of inaction: how much the public will ultimately have to pay if officials don’t address deficits. “I’m ...

Billionaire investor Ray Dalio issued a dire warning on June 4 about the U.S. economy, stating that it is on the verge of suffering an "economic heart attack" due to unsustainable national debt. In a ...

The kindling for catastrophe was piled high. It only needed a match. The 2020s began with a pandemic that shut us in and shattered our shared reality. America became a country of strangers, speaking ...

There is no collapse. No Lehman Brothers moment. Instead it’s a slow burn, a financial treadmill that many are never able to get off. Across the country, households are juggling a web of obligations: ...

At a time when America is already battling a quiet, crippling credit crisis, recent data indicates there are still paramount struggles in the way of fiscal freedom. In honor of Financial Literacy ...

The transition committee of Jeju Island Governor-elect Wi Seong-gon pointed out excessive local bond issuance and recommended ...