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America’s national debt has surpassed $40 trillion.
The federal debt is now over 1.2 times the amount the United States is expected to produce this year, as measured by gross domestic product (GDP). This level of debt-to-GDP ratio was reached only once before, during the extraordinary borrowing associated with the emergency of World War II.
Today, the gro...
A new Reason Foundation analysis of every state in eight key, standardized financial metrics to assess long-term solvency and short-term liquidity finds New Jersey is the most fiscally distressed state, registering six out of eight possible fiscal red flags.
Connecticut is in the second-worst shape, with four red flags. California, Hawaii, Illinois, Massachusetts, N...
Two of America’s largest cities, Chicago and New York, each trigger seven of eight red flags in key metrics used to evaluate financial stress of governments, a new Reason Foundation study finds. New York City and Chicago have the most red flags of any large local governments in America, indicating extreme fiscal stress in both the short and long term. Chicago nearly triggered...
In an analysis of eight key financial metrics, Reason Foundation finds Nassau County, New York, and Miami-Dade County, Florida, each trigger five red flags out of eight key metrics, making them the most fiscally stressed county governments in the country.
Westchester County, New York; Prince George’s County, Maryland; Jefferson County, Alabama; Denton County, Texas;...
A new Reason Foundation report finds Fort Bend Independent School District in Texas is the most stressed large district in America, earning seven red flags in an analysis of eight key financial metrics assessing both long-term solvency and short-term liquidity.
The Gwinnett County Board of Education in Georgia has six fiscal red flags, the second-worst among school ...