By Jack Phillips The U.S. housing market and other parts of the economy may already be in a recession due to high interest rates, Treasury Secretary Scott Bessent said Sunday, reiterating that the Federal Reserve should initiate more rate cuts. “I think that we are in good shape, but I think that there are sectors of […]
Tag: National Debt of the United States
The national debt of the United States is the total debt, or unpaid borrowed funds, carried by the federal government of the United States, which is measured as the face value of the currently outstanding Treasury securities that have been issued by the Treasury and other federal government agencies.
