Brandeis International Business School

News & Media > 2022 > Bergstresser Globe 122422

A ‘rapidly growing death spiral.’ How our $31.3 trillion national debt is getting even more expensive

Prof. Daniel Bergstresser said a debt limit fight would be a self-inflicted wound at a time when US borrowing costs still remain relatively low.

December 24, 2022

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An illustration with Janet Yellen on the left with a blue triangle and Kevin McCarthy on the right with a red triangle, and a shattered Congress between them.

May 14, 2023

7 doomsday scenarios if the U.S. crashes through the debt ceiling
A man walks past a closed branch of Silicon Valley Bank, a glass-facade building with a large piece of plywood covering one door and the initials SVB above the door.

March 30, 2023

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A screenshot taken from a video depicting lawmakers on the Senate floor voting to raise the debt ceiling in October of 2021

February 15, 2023

US risks default as soon as July, will add $19 trillion to national debt, agency estimates
Image of Representatives Matt Gaetz and Kevin McCarthy talking closely on the floor of the House of Representatives

January 11, 2023

Here's what House Speaker McCarthy's chaotic election means for the economy and debt ceiling