by Jane Richey | Jan 23, 2014 | Fiscal Responsibility
Congress will likely need to raise the debt limit by late February to avoid a missed payment, according to Treasury Secretary Jack Lew. In a letter sent to lawmakers Wednesday, Lew said the timeline for a borrowing boost has moved up slightly. When he first pressed...
by Jane Richey | May 16, 2013 | Education Issues, Fiscal Responsibility
The outstanding balance for all of the direct student loans the federal government has issued topped $600 billion in April, according to newly released data from the U.S. Treasury. The total balance hit $600.457 billion by the end of April, says the Treasury, up from...
by Jane Richey | Mar 18, 2013 | Fiscal Responsibility, Politics
Federal spending was up $30.5 billion in the first five months of fiscal 2013 compared to the first five months of fiscal 2012, according to newly released data from the U.S. Treasury. The federal fiscal year begins on Oct. 1 and runs through Sept. 30. In the first...
by Jane Richey | Jan 14, 2013 | Fiscal Responsibility, Politics
In its monthly statement for December, released Friday, the U.S. Treasury says the federal government balanced its budget during the month, bringing in roughly $270 billion in revenues while making roughly $270 billion in expenditures. Yet, the Treasury also says that...
by Jane Richey | Jan 9, 2013 | Fiscal Responsibility, Politics
The United States could face a debt-ceiling crisis as early as mid-February, according to an expert report out Monday. The Bipartisan Policy Center (BPC) estimates that the nation will begin defaulting on its payment obligations between Feb. 15 and March 1, unless...