National Debt

Workers shovel snow from the steps of the U.S. Capitol in Washington, D.C, December 16, 2020. (Erin Scott/Reuters) The U.S. national debt hit and exceeded $30 trillion for the first time in the country’s history Tuesday, Treasury…

Senate Majority Leader Chuck Schumer (D., N.Y.) looks down the hall after speaking to reporters at the Capitol in Washington, D.C., July 20, 2021. (Elizabeth Frantz/Reuters) Whether the statutory limit on federal debt serves any useful…