The Latest Breaking News from Michael Strain

For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point

The individuals in charge of U.S. fiscal policy are often thought to be among the most sober people in the world, so you may be wondering why we're suddenly hearing ideas such as the minting of a trillion-dollar platinum coin or selling $100 face-value Treasury bonds for $200.

Some people would benefit. Others would lose money or be rendered unemployable.

The U.S. economy has contracted for two straight quarters, intensifying fears that it is on the cusp of a recession, if not already in one, barely two years after the pandemic downturn officially ended