But interest rates and inflation have increased. Today, the federal government spends more to pay off its debt each year than ...

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

Let’s start with a chart to understand the dire fiscal situation we are in as a nation. Figure 1. Federal Debt Held by the Public as a Share of Gross Domestic Product, 1940-2054 You’re looking at how ...

The ratings agency Moody’s joined many other debt watchdogs ... to pass by the end of the year. Those tax cuts would likely add $4 trillion to $10 trillion to the national debt during the ...

NEW BUDGET PROJECTIONS SHOW US HITTING DEBT RECORD IN 4 YEARS: CBO The federal budget deficit is over $300 billion larger in the first five months of FY2025 than it was in the prior year.