To help you understand what is going on in the U.S. economy and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest...
Congress just passed a deal averting one fiscal crisis. But the government’s long-term outlook is little changed: Daunting. Decades of deficit spending have added up to a national debt exceeding $25.8 trillion. And now, interest rates are climbing, which makes servicing that debt harder. Meanwhile, demographic trends mean that Washington’s retirement and healthcare outlays will only mount in the coming years. Let’s take a look at the rising tide of red ink and ask how it might be stemmed. Also, what will be the economic implications?
