Recent Posts

Labor Market Softens

August 7, 2026 The July employment report was the week’s dominant story as U.S. employers unexpectedly cut jobs during the

Fed Holds Amid Mixed Signals

This week included the much-anticipated Federal Open Market Committee meeting concluding on July 29th. The Federal Reserve held its policy

Treasury Yields Rise on Data

July 24th, 2026 A renewed climb in oil prices and firm economic data pushed U.S. Treasury yields to fresh highs

Core Inflation Shows Moderation

July 17th, 2026 The week’s marquee economic data releases showed inflation cooling more than expected in June. Headline Consumer Price

The US National Debt: History and Impact of Budget Deficits

As of September 30, 2024, the U.S. population is 337.2 million, and the national debt has reached $35.3 trillion, or about $104,676 per person. The U.S. government borrows money to cover budget deficits by issuing Treasury securities, which impacts both the federal budget and the bond market, with interest payments on the debt expected to exceed $1 trillion in 2024. The growing debt, fueled by crises, spending programs, and rising interest rates, poses challenges for fiscal sustainability, with the national debt projected to exceed $56 trillion by 2034. Local agencies may face consequences from rising federal debt, including reduced funding and higher borrowing costs, underscoring the need for prudent fiscal management at all levels of government.

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Holiday Closure Notice:

Chandler will be closed on Friday, July 3 in observance of Independence Day.