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โ ViewAdvancedGovernment & Fiscal Policy โบ Fiscal Policy
Divided Government and the Long End: What a Democratic Sweep Does to the Deficit Arithmetic
Democrats won both chambers and Treasuries rallied on the expectation that divided government slows new issuance. The piece separates the discretionary handle from the structural deficit, explains why the outstanding stock and net interest dominate the yield calculation, and why the three deadlines ahead matter.
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โ Explanation๐ StandardAdvancedGovernment & Fiscal Policy โบ Fiscal Policy
How the Debt Ceiling Works โ The Political Theater Behind U.S. Borrowing
The U.S. debt ceiling has triggered repeated political crises. Here's what it actually is, why it exists, and why it's a uniquely American dysfunction.
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