![](http://blogthishere.s3.amazonaws.com/post_images/7e9eaebf180827d3c15ded6a0bf802f1.jpg)
The national debt-to-GDP ratio could nearly double to 181% in 2053, according to a new Congressional Budget Office projection.
![](http://blogthishere.s3.amazonaws.com/post_images/08aa2b721258d79f88813e1836b22564.jpg)
Beijing has embarked on new nationwide inspections to determine how much debt local governments owe, Bloomberg reported.
![](http://blogthishere.s3.amazonaws.com/post_images/9b268c96d2d555ac26651cfbcf61aeaa.jpg)
The US could default on its debt as early as June, and Republicans and Democrats still can't agree on a path to raise the debt ceiling.
![](http://blogthishere.s3.amazonaws.com/post_images/b1eefb4ece41071cda6d6d7ebfad8cde.jpg)
"But as I said, people who really should know better constantly get this wrong, and imagine that the coin would be inflationary."...
![](http://blogthishere.s3.amazonaws.com/post_images/9b0eddb2dbcfe0511e8aedd13ed6dfe5.jpg)
The president praised himself on Tuesday as "the only president ever to cut the deficit by more than one trillion dollars in a single year."...
![](http://blogthishere.s3.amazonaws.com/post_images/68ce7abe66a4bd586ab200984a5101cf.jpg)
The hike most likely punts the debt-ceiling battle into 2023. The House passed the measure early Wednesday, dangerously close to a key deadline.
![](http://blogthishere.s3.amazonaws.com/post_images/2e88ffaae0b9dbe6e4a0caf706156ae9.jpg)
The House voted 221 to 209 to raise the limit on government borrowing by $2.5 trillion. The move most likely punts the debt-ceiling battle into 2023.