The U.S. is on track to add $22 trillion to the national debt over the next 10 years, the Congressional Budget reported Friday in its updated budget and economic outlook. A continuous chain of
The Senate on Wednesday ramped up its consideration of President-elect Donald Trump’s Cabinet picks, holding six confirmation hearings, including for Sen. Marco Rubio, nominated to be secretary of
Economists at the Penn Wharton Budget Model have constructed a package of 13 major tax and spending reforms that they say can grow the U.S. economy while also reducing federal debt and enhancing the
On Thursday, the gross U.S. national debt surpassed $36 trillion for the first time, according to data from the Treasury Department. Debt held by the public – a subset of the gross national debt that
The federal government’s budget shortfall for fiscal year 2024 grew by $139 billion from the previous year to reach $1.8 trillion, according to an estimate released Tuesday by the Congressional Budget
Political polarization could make it more difficult for the next administration in Washington to address the country’s deteriorating fiscal situation, and that may have negative implications for the U
Although it may be hard to imagine now, at some point in the not-too-distant future the 2024 election will be over and a new government will take over in Washington. No matter who is in power, the new
Ahead of the Republican National Convention in Milwaukee next week, the GOP on Monday published its 2024 platform — a 16-page outline of the party’s policy positions for a second Trump term. The
