The national debt is expected to rise by $23.9 trillion over the next decade, a sum that does not include trillions of ...
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, Congress’s nonpartisan ...
This letter serves to notify you, pursuant to 5 U.S.C. § 8348(l)(2), of the extraordinary measures that Treasury will begin ...
As President-elect Donald Trump prepares to take office, the U.S. government’s fiscal health is bleak, with debt and deficits ...
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...
I respectfully urge Congress to act to protect the full faith and credit of the United States” At time of writing, the US national debt is currently at $36.28 trillion. The government spent nearly $1 ...
And it will immediately face a familiar problem: The debt ceiling — the limit on how much money, in total, the United States can borrow — which the Treasury is close to hitting. When this last ...
By reducing collections from tax cheats, those cuts would actually cost more than they save: The CBO projected last year that stripping $20 billion from the IRS would increase the national debt by ...
The nation’s debt ceiling was reinstated Thursday, giving congressional Republicans yet another divisive challenge to contend with in 2025. President-elect Donald Trump is demanding that GOP ...
Brandon J. Weichert, a Senior National Security Editor at The National Interest as well as a Senior Fellow at the Center for the National Interest and a contributor at Popular Mechanics ...
Net interest payments on the national debt exceeded $892 billion in the 2024 fiscal year. The IMF projects that by 2034, annual interest payments in the U.S. will hit $1.7 trillion and cumulative ...