The U.S. government will bump up against the federal debt limit this weekend, though a series of emergency steps will allow it to continue paying all of the nation's bills until at least early September, Treasury Secretary Lew said .
The economy would benefit much more from the Federal Reserve's aggressive monetary policy actions if not for the significant headwinds being created by government taxation and spending policies, a central bank official said.
Advanced economies tend to draw attention at the government and household levels. But emerging markets are gathering debt at an increasing pace to drive their economic development.
The U.S. government posted its biggest monthly budget surplus in five years as record revenues bolster federal finances and push off a drop-dead date for the debt ceiling.
Extended unemployment benefits in the most recent recession prompted some people who would otherwise have dropped out of the workforce to stay in a little longer, but didn’t encourage people to reject jobs, new research shows.
ECB President Draghi said high-debt countries in the euro zone can't afford to backtrack on the progress they have made in keeping their public finances in check.
