--We haven't "fixed" the federal debt. It's true that sequester-mandated cuts -- combined with Fannie Mae and Freddie Mac's $131 billion payback to the Treasury and a slightly better economy -- have improved the short-term outlook. But while the debt as a share of the economy will drop over the next four years, it will start to rise again after 2018, reaching 85% of GDP by 2030 -- and then swamping the size of the economy at 136% by 2050 and 248% by 2080, according to estimates by the nonpartisan Committee for a Responsible Federal Budget (CRFB).
|Apple's new "Powerful" TV ad is a hit|
|Apple reports its quarterly earnings for fiscal Q2 2014|
|Deals of the day: Pure Storage raises $250 million|
|Arianna Huffington measures success by a different metric|
|Warren Buffett: Coke exec compensation plan was excessive|