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

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, ...

A spendthrift government is raising borrowing costs for everyone.

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 ...

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.

Massive budget deficits have sent U.S. debt soaring past $38 trillion, but they have also become the primary driver of corporate profits and stock valuations, according to Research Affiliates. In a ...

National debt now exceeds GDP, signaling higher borrowing costs, tighter financial conditions and a long stretch of elevated interest rates for households and investors.

US federal net interest payments reached a record $723 billion in eight months, becoming the second-largest spending category ...