Nearly 20% of Your Tax Dollars Now Pay Interest On Your Debt. Here’s the 2032 ‘Doomsday Scenario’ That Could Cripple Social Security

In fiscal year 2026, the Congressional Budget Office estimates that the federal budget deficit will total $1.9 trillion, ...

The U.S. National Debt: Historical Data and What It Means for Consumers

The U.S. national debt is the accumulation of money borrowed to cover the national deficit over time. The highest level of ...
KCCI Des Moines

CBO: Federal deficits and debt to worsen over next decade

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 Security, Medicare, ...

Bessent delivers hard-nosed deficit promise, but math is fuzzy

The Treasury secretary keeps repeating one number. The government's own scorekeeper just showed why it keeps slipping out of ...