America has had gigantic budget deficits and debt that have been dangerous and ballooning for years, yet it’s only recently ...

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

The Rules Committee must suggest rule changes to help meet the target, including making budget rules more difficult to waive ...

The sweeping legislation, which passed in July, renewed the 2017 tax cuts for individuals and granted additional tax breaks, ...

In Then and Now: A Look Back and Ahead at the Federal Budget (NBER Working Paper 34455), Alan J. Auerbach and William Gale develop fiscal projections that incorporate the recently enacted One Big ...

The U.S. national debt keeps growing and growing. The U.S. government ran a slightly smaller budget shortfall in the most recent year thanks to higher tariff revenue - but the national debt still rose ...

The United States borrowed $602 billion in the first three months of Fiscal Year (FY) 2026, including $145 billion in the month of December, according to the latest Monthly Treasury Statement f ...

Discover how the U.S. federal budget works, its role in government spending, and its historical evolution, including details ...

Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is ...

The December budget deficit came in at $144.75 billion, a record for the month and 68 percent higher than last year.

It's no secret that Uncle Sam has been living beyond his means. During the past 25 years, U.S. national debt as a percentage of gross domestic product has almost tripled to 98%, according to the ...

President Trump is adhering to economic theory with regard to his tariff policies and trade deficits; with time it will pay off. He understands that America’s perennial trade deficits predispose to ...