Debt

Pete Buttigieg on the issues, in under 500 words

Pete Buttigieg.
Pete Buttigieg. Photo: Joshua Lott for The Washington Post via Getty Images

If elected, Pete Buttigieg — the 37-year-old South Bend, Indiana mayor — would be the youngest U.S. president ever. He also would be the first openly gay president in the nation's history.

Recession fears are making companies more responsible

A man giving a presentation to people at his company
Photo: Getty Images

Fears of a global recession are scaring U.S. companies, pushing them to use excess capital to reduce debt and add to cash reserves, rather than levering up and making risky bets as they have in the past.

Why it matters: This newfound corporate responsibility, motivated largely by fear, could help insulate the economy from another damaging recession.