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US Debt Headed to 200 Percent of GDP

The nation’s long-term fiscal outlook hasn’t significantly improved following the recent agreement between Congress and the White House over tax and spending issues, according to a new analysis. The “fiscal cliff” deal, combined with the...

The $13.6 Trillion Man

Treasury Secretary Timothy Geithner, who reportedly will leave office at the end of this month, is already responsible for spending and borrowing more money than any of his predecessors as secretary of the Treasury. The U.S. Senate confirmed Geithner on Jan. 26, 2009....

10 Facts on Fiscal Cliff and Debt

From the Heritage Foundation: Budget policy in 2012 was characterized by deficit spending, major increases in the national debt, and a heated debate over the “fiscal cliff.” With just days left for President Obama and lawmakers in Congress to avert a major tax hike,...