U.S. Debt Supercommittee Ready to Announce Failure   A debt-reduction committee with special powers that was supposed to dissolve congressional gridlock in Washington is instead on the brink...

  States see biggest revenue drop in 60 years   In a sign of the sluggish economy’s devastating impact, state government revenue across the country dropped by nearly one third in 2009 - the ...

  IMF urges U.S. budget include Fannie, Freddie costs   The United States should include in its budget the cost of mortgage loan guarantees and other housing supports, the International Moneta...

  US Government posts biggest monthly deficit ever   The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Cong...

  U.S. Budget deficit to hit $1.48 trillion   The U.S. budget deficit this year will jump nearly 40 percent over prior forecasts, mostly due to the mammoth tax-cut package brokered by Presiden...

  Barack Obama’s State of the Union address could be a Big Government disaster   While the British government has embarked on a large-scale austerity programme to completely eliminate the na...

  Analytikeren Meredith Whitney intervjues på 60 Minutes – forventer at offentlige gjeldsproblemer i USA er et like stort problem for økonomien som boligkrisen   Den amerikanske finansanal...

  Special Report: Is America the sick man of the globe?   The U.S. government may have bailed out General Motors, the country's largest automaker, but it hasn't begun to tackle the broader pro...

  Moody's Says Obama Tax Proposal Deal Is Negative for U.S. Credit Rating   Moody’s Investors Service Inc. said President Barack Obama’s agreement to extend tax cuts raises the chance of ...

  U.S. Dollar Is ‘One Step Nearer’ to Crisis   The U.S. dollar is “one step nearer” to a crisis as debt levels in the world’s largest economy increase, said Yu Yongding, a former adv...

Professor Niall Ferguson on the State indebtedness   Consider Britain in the 20th century. Its real problems came after 1945, when a substantial proportion of its now immense debt burden ...