Make the Treasury Department truly responsible for managing all the government's debt. Managing only Treasury securities deals with only about half, and sometimes less than half, of the effective government debt.

On April 13, 2012, the US Department of the Treasury released new cost estimates for the Troubled Asset Relief Program. Looking principally at actual and projected contractual cash flows, the document concludes that: "Overall, the government is now expected to at least break even on its financial stability programs and may realize a positive return." 

In 1933, the United States intentionally defaulted on its Treasury debt, an action supported by both Congress and the Supreme Court.

At this AEI event, Senator Toomey will discuss this legislative proposal and other issues surrounding the forthcoming debt-limit debate in Congress, including how to bring about more comprehensive solutions to the country's fiscal problems and put the United States on the path to prosperity.

Inspired by President Obama’s cheap election-year politicking, Congress has launched into a frenzied, bipartisan panderfest over the Stafford loan program. Late last week, an emotional House speaker John Boehner led House Republicans to vote for an Obama-proposed giveaway he’d denounced just a few days previously.For those who don’t...

A system that lets participants choose between the traditional system and a lower-cost settlement paid in inflation-adjusted Treasuries could ensure the program's solvency.

Timothy Geithner will go to great lengths to avoid missing a payment of interest or principal on the debt. But, to honor that constitutional precedent, he may have to break (or, more charitably, to interpret generously) some laws.

Despite frequent, dire warnings about the unsustainability of government budget deficits in the United States, Europe and Japan, investors are lining up to lend to some governments at very low interest rates.