Federal deficit nears $2 trillion and getting worse, experts warn
The federal budget deficit exceeded an estimated $1.8 trillion in fiscal year 2024, the CBO reported. Budget watchdogs are warning that the U.S. needs to act to rein in budget deficits.
What were the biggest budget deficits in US history?
The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest after even larger deficits were incurred in recent years.
Why would corporations want the hits they're going to get under Harris?: David Asman
FOX Business' David Asman and Madison Ventures partner & Chief Strategy Officer Mitch Roschelle discuss Mark Cuban's support for the vice president, her corporate tax plan, as well as the two candidates' approaches to the national debt.
Billionaire warns interest on debt topping defense spending a sign 'the country is in trouble'
Billionaire David Rubenstein warned that the surging costs of servicing the national debt now exceeding defense spending are a sign "the country is in trouble."
Steve Moore sounds off on debate: 'There was no discussion about the economy'
A 'Cavuto: Coast to Coast' panel gives its takeaways from the ABC News Presidential Debate, the topic of the economy and the national debt. (Courtesy: ABC News)
U.S. economists list top election issues: NABE
Government spending and immigration reform need to be addressed in the first year for whoever wins the White House in November, as both are key to the stability of the U.S. economy.
Harris' economic plan would add over $1.7T to national debt: CRFB
Vice President Harris released part of her economic agenda aimed at lowering costs for families, which the nonpartisan CRFB estimates would add $1.7 trillion to the national debt.
There's a decent chance Kamala Harris' economic policies could be worse than the last three years: Jason Trennert
Strategas Research Partners CEO & Chairman Jason Trennert on Kamala Harris' Day One priority, the budget deficit, the unemployment rate and whether a president should get a say on Fed decisions.
Economist offers bipartisan plan to avoid financial crisis by stabilizing America's surging national debt
The U.S. national debt is growing rapidly to record-setting levels, and economist Brian Riedl proposes a bipartisan plan to stabilize the debt's growth to avert a future debt crisis.
US national debt hits a new record: $35 trillion
The national debt surpassed $35 trillion for the first time just months after topping $34 trillion, as the federal government faces widening budget deficits and fiscal deadlines loom.
Trump VP pick JD Vance: What are his views on taxes, deficits, entitlements?
Former President Trump tapped Senator JD Vance of Ohio as his running mate and vice presidential nominee for the 2024 GOP ticket, which has put a spotlight on Vance's policy views.
US national debt to surge to record levels without reform, raising prospect of debt crisis
The U.S. national debt is on pace to set a new record in 2027 when compared to the size of the economy as federal budget deficits are projected to widen in the years ahead.
Presidential debate: How much did the debt grow under Biden and Trump's terms?
The U.S. national debt is fast approaching a record level when compared to the size of America's economy after the Trump and Biden administrations added to the debt.
Federal budget deficit to reach nearly $2 trillion this year, CBO projects
The Congressional Budget Office projected that the federal deficit is expected to reach nearly $2 trillion this year in a newly released update to 10-year budget estimates.
Rising national debt to reduce Americans' income growth: report
The rising national debt is projected to slow American households' income growth, with higher levels of debt shaving off about one-third of those gains, a new report finds.
Growing US debt burden spooks some bond investors as election looms
With the 2024 presidential election looming, forecasts showing federal budget deficits and the national debt continuing to grow have bond investors on edge as fiscal risks increase.
Warren Buffett predicts higher taxes due to rising deficit
Warren Buffett said at Berkshire Hathaway's annual meeting he thinks the federal government will look to increase taxes to address widening budget deficits rather than cut spending.
Economists weigh pros and cons of Trump plan for 60% tariff on China
Economists debate the pros and cons of former President Trump's proposed 60% tariff on all Chinese imports, which could raise prices on American business and consumers.
US national debt interest exceeds defense spending: CBO
Federal spending on servicing the national debt has eclipsed military spending in fiscal year 2024, according to a new report from the Congressional Budget Office.
Hedge fund billionaire says US debt 'is a growing concern that cannot be overlooked'
Citadel founder and CEO Ken Griffin said the rapid growth of the U.S. national debt is a "growing concern that cannot be overlooked" in his annual letter to investors.