Economist Jane Liu, Ph.D. examines whether the enormous investment fueling the A.I. boom will generate enough productivity gains and revenue to justify its costs. Liu explores the growing role of debt in A.I. infrastructure financing and the risks that could emerge if investor expectations outpace economic returns.
The federal budget deficit ballooned to $2 trillion in the fiscal year that ended Sept. 30, compared to $1.8 trillion last year, according to a new report.
Sen. Rick Scott (R-FL) is calling on Republicans and Democrats in Congress to cut federal spending, balance the budget, and begin paying down the nation’s $40 trillion…
The federal government paid out $1.052 trillion in net interest on its outstanding debt in the last year.
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