surplus

Washington has been borrowing Social Security's surpluses for decades and issuing IOUs in return. However, the ability to pay those IOUs depends on the Treasury borrowing more money on global bond markets at affordable rates. That's hardly a sure thing.

May's unexpected rise in the U.S. trade deficit to $42.3 billion isn't likely to resolve the tug of war between the economic optimists and pessimists. Imports and exports both grew, but imports grew marginally faster.

At a time when many counties would gladly trade their dwindling bank accounts for stimulus money, one county in Ohio is doing all it can to turn down the federal money. Warren County has decided to turn down federal stimulus money from the Ohio Department of Transportation and is attempting to...

The U.S. recession may soon erase the Social Security surplus Congress has used each year to reduce the deficit. The surplus was supposed to be around for at least another ten years, but with so many people being laid off the Social Security Administration's projected tax collections now fall way...