Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position.
Average income among households in the lowest fifth of the income distribution was $23,800, while income for households in the highest fifth averaged $332,100.
Just eight actions over the past two years will add an estimated $2.3 trillion to deficits between 2021 and 2031.
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).