The era of ultralow interest rates may be over. At the very least, policymakers don’t expect the type of low borrowing costs that prevailed before the pandemic to return anytime soon. The Federal Reserve decided this week to leave interest rates unchanged at their highest level in two decades, and left the door open to […]
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America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the country’s shaky fiscal trajectory at a moment when Washington faces the prospect of a government shutdown this month amid another fight over federal spending. The Treasury Department noted the milestone in its daily report detailing the […]
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