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The Dynamic Relationship Between Global Debt And Output The global economy has reached record levels of indebtedness, to the concern of researchers and policymakers. On the one hand, debt can be beneficial by smoothing out consumption and accelerating capital accumulation, and thus contributing to economic output. On the other hand, rising debt increases debt service costs and can potentially expose countries to financial risks and lower output. In particular, a large expansion of debt can be associated with a significant economic contraction that can last for years. Global debt as a share of...

Congressional Leaders Meet to Discuss Stimulus Last Updated This briefing has ended. Follow our latest coverage of Here’s what you need to know: Senator Chuck Schumer on his way to meet with Senate Majority Leader Mitch McConnell Speaker Nancy Pelosi, and Representative Kevin McCarthy. They have agreed that any additional pandemic aid should be wrapped into the year-end spending measureCredit...Anna Moneymaker for The New York Times Congressional leaders scrambled on Tuesday to reach agreement on a stimulus bill and a catchall omnibus funding package to keep government funding flowing, mee...

Prime-Age Males Not in the Labor Force: Some Patterns Prime-Age Males Not in the Labor Force: Some Patterns Being "in the labor force," in the economics jargon, refers either to having a job or being unemployed and looking for work. Conversely, being "out of the labor force" means both not having a job and not looking for work. In the US economy, it used to be that almost all "prime-age" men in the 25-54 age group were in the labor force, but the share out of the labor force has been rising for decades. Here's the data from the Bureau of Labor Statistics.