“The prospect of such large debt poses substantial risks for the nation and presents policymakers with significant challenges,” CBO warns.
More than half of credit managers are also expecting increased defaults in North America and Asia, an IACPM survey finds.
A sputtering economy, a contraction in trade, and political uncertainty are having an impact on U.S. business investment, says the ELFF.
Nearly a quarter of U.S. workers did some or all of their work from home last year, the Labor Department says.
The addition of 287,000 jobs in the U.S. last month should reassure policymakers that the labor market "remains a bright spot."
July was the first month since June 2014 that new-hire pay fell in both manufacturing and services.
The benchmark 10-year note hits a record low as investors seek a safe haven amid post-Brexit uncertainty over the global economy.
The $2.8 billion deal for the U.S. home ventilation equipment maker comes as the housing market shows signs of buoyancy.
The latest spending report suggests consumers are once again driving economic growth after a sluggish start to 2016.
The United Kingdom thrived as an EU member, and leaving will destabilize the economy and the country's finances, says S&P.