The challenge is that the U.S. has to pay interest on its debt, which is increasing yearly. The Congressional Budget Office ...

A spendthrift government is raising borrowing costs for everyone.

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House ...

WASHINGTON (AP) — The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social ...

The federal budget deficit is projected to reach 120 percent of GDP by 2036, and 175 percent by 2046, due to a combination of tax cuts and increased spending, requiring both tax increases and benefit ...

In fiscal year 2026, the Congressional Budget Office estimates that the federal budget deficit will total $1.9 trillion, ...