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The $2 trillion deficit is here — and Social Security and Medicare are driving it
The Congressional Budget Office says the federal deficit reached about $2 trillion in fiscal 2026, up $218 billion from the ...
The federal budget deficit rose to $2 trillion in fiscal 2026, the Congressional Budget Office estimated Thursday, as ...
Tax revenue increased by about 3 percent last year, but spending increased twice as fast. And interest payments on the debt ...
The U.S. national debt is the accumulation of money borrowed to cover the national deficit over time. The highest level of ...
The CRFB is almost certainly correct. The U.S. Department of the Treasury, using figures through the end of August, put the 2026 federal deficit at $1.965 trillion. It's a fair bet that another month ...
There are other ways to make the national debt more manageable beyond AI, such as increasing domestic energy production, cutting government red tape, encouraging entrepreneurship and increasing ...
Fiscal Year (FY) 2026 ended yesterday. Although official figures have not yet been released, our preliminary estimates show ...
When interest rates rise, everyone — including the federal government — pays more to borrow. What does that mean for the economy in the long term?
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 ...
If you’re a normal person who pays attention to politics, you’d be forgiven for thinking that Washington can’t decide whether deficits are bad or not. Well, I have one easy trick that will help you ...
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