The national debt is set to surpass the historic high of 106% of GDP (which it reached in 1946) by 2030, according to the CBO ...

The gap between government revenue and spending has narrowed for four straight months, helped by President Donald Trump’s tariffs and major cuts in spending on education.

The Congressional Budget Office expects the U.S. federal deficit to rise more over the coming years than previously expected, ...

The federal deficit and national debt are expected to grow by trillions of dollars over the next decade, according to 10-year projections from the nonpartisan Congressional Budget Office (CBO). The ...

The federal budget deficit has topped $1 trillion for a fourth straight year, according to NBC News and wire services. But a modest improvement in economic growth helped narrow the gap by $207 billion ...

In a new projection from the nonpartisan Congressional Budget Office, the federal budget deficit - the gap between government revenue vs. spending - will be $1.9 trillion for the 2024 fiscal year. The ...

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president ...

The federal deficit will continue to balloon to record levels in the coming years if Congress does not find a way to reduce its borrowing levels.

Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA), co-chairs of the Bipartisan Fiscal Forum (BFF), joine ...