The CBO reported that between October and May 2026, the government has spent $742 billion servicing the debt burden, an increase on the $674 billion spent for the same period last year.

Plenty of observers already had doubts that, as Donald Trump put it on President’s Day, the U.S. has entered a “new golden age of prosperity.” Now, with the Supreme Court ruling negating a wide swath ...

A new report from the Congressional Budget Office (CBO) reveals that President Donald Trump’s tax and spending legislation, signed into law on July 4, will increase federal deficits by $3.4 trillion ...

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.

(The Center Square) - The United States federal budget deficit totaled $1 trillion in the first five months of fiscal year 2026, according to the Congressional Budget Office. The latest federal ...

Musk used a household analogy to describe the US fiscal situation and the CBO numbers now arriving make that comparison more pointed than when he first made it The interest cost figure buried in the ...

Eliminating Social Security's deficit would cut the federal government's primary deficit in half. It would also make Americans happy. Recently, the Congressional Budget Office released its budget ...

Dr. Phillip Swagel is an optimist, both by nature and when he looks at the U.S. economy.This fact is perhaps at odds with what one might assume: Swagel is the director of the Congressional Budget ...

WASHINGTON — The Congressional Budget Office cast doubt Thursday on the White House’s claim that President Trump’s proposed budget would balance in 10 years. In its analysis of the spending plan Trump ...