Danny Dougherty

2 weeks ago | wsj.com | Sam Goldfarb |Danny Dougherty

Growing federal debt is threatening to drive up borrowing costs for Americans Size of debt held by the public 100 % of GDP RECESSION 75 50 25 0 1970 '80 '90 2000 '10 '20 100 % of GDP RECESSION 75 50 25 0 1970 '80 '90 2000 '10 '20 100 % of GDP RECESSION 75 50 25 0 1970 '80 '90 2000 '10 '20 100 % of GDP RECESSION 75 50 25 0 1970 '80 '90 2000 '10 '20 100 % of GDP RECESSION 75 50 25 0 1970 '80 '90 2000 '10 '20 Note: Seasonally adjusted Source: U.S. Office of Management and Budget via St. Louis...

2 weeks ago | wsj.com | Sam Goldfarb |Danny Dougherty

Growing federal debt is threatening to drive up borrowing costs for AmericansThe U.S. government’s outsize debt load is the talk of Wall Street. Some of the biggest names in finance are speaking in increasingly alarmed tones about an issue that has bothered investors for decades. Ray Dalio, founder of the hedge fund Bridgewater Associates, has warned of a debt crisis akin to an “economic heart attack.” Jamie Dimon, chief executive of JPMorgan Chase, is predicting a breakdown in financial markets.

1 month ago | wsj.com | Richard Rubin |Danny Dougherty

President Trump’s "big, beautiful" fiscal bill is a complex piece of legislation that includes tax cuts, spending increases and reductions, and some tax hikes. In total, it would increase budget deficits by nearly $3 trillion over a decade.

1 month ago | wsj.com | Richard Rubin |Danny Dougherty

Proposed deficit changes, through 2034 Increases (tax cuts or spending hikes) Decreases (tax hikes or spending cuts) Repeal personal / dependent Defense and border spending Increases (tax cuts or spending hikes) Decreases (tax hikes or spending cuts) Repeal personal / dependent Defense and border spending Increases (tax cuts or spending hikes) Decreases (tax hikes or spending cuts) Repeal personal / dependent Defense and border spending Increases (tax cuts or spending hikes) Decreases (tax...

2 months ago | wsj.com | Danny Dougherty |Adrienne Tong

April 18, 2025 1:51 pm ETPresident Trump has lashed out at Federal Reserve Chair Jerome Powell in recent days, following Powell’s observation that tariffs could make the economy harder for the Fed to guide. It is unclear whether Trump might seek to remove Powell as the head of the central bank. But even doing so wouldn’t necessarily give him control of the agency that makes policy decisions using both the centralized board of governors and regional banks across the country.