macroeconomics

This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here. America’s national debt cleared $40 trillion for the first time ever on Wednesday, a number so comically large as to feel imaginary. Seriously — look at it in all of its comma-strewn glory: $40,203,821,194,241. […]

The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending

The internet has always been just about to deliver an enormous spurt of economic growth or productivity growth A new meta-analysis of 59 econometric studies finds it is yet to do so.

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