The furloughing of 800,000 Federal employees, as part of the government shutdown that began today, will reduce spending by roughly $155 million per day. Over a whole year, the cost would be equivalent...

The economic impact of the Federal shutdown that began today all depends on how long it drags on and, in particular, whether the acrimonious stand-off in Congress spills over into the negotiations to...

Even if Congress can reach an agreement to renew the Federal government's spending authority before it expires this Monday, which is looking increasingly unlikely, there is a much more serious battle...

The Federal Reserve's latest financial accounts show that households continued to deleverage in the second quarter, while the increase in public sector debt was the smallest since the financial crisis...