Budget watchdog calls on lawmakers to address US debt
Committee for a Responsible Budget President Maya MacGuineas breaks down DOGE's plan to reform government spending and how lawmakers should address the U.S. debt.
Next president faces fiscal fight in 2025 over debt, deficits and taxes
The winner of the presidential election and majorities in Congress will face several looming fiscal deadlines for the national debt, spending levels and expiring tax cuts in 2025.
This is the 'Texas two-step' for 'unleashing prosperity': Republican lawmaker
Rep. Jodey Arrington, R-Texas, explains how a Republican leadership in government can unleash prosperity, how the federal budget can be cut, and discusses former President Trump's tax proposals.
How much would the Harris and Trump economic plans add to the debt?
A new analysis by the Committee for a Responsible Federal Budget (CRFB) found that former President Trump's and Vice President Harris' economic plans would add trillions to the debt.
Gold prices rise to all-time highs with US debt mounting, election uncertainty
Gold prices have reached record highs this week amid uncertainty surrounding the upcoming election as well as the continued growth in the U.S. national debt and fiscal deficits.
Trump can bring down inflation: John Paulson
Billionaire hedge fund manager and Trump fundraiser John Paulson said that former President Trump's economic plan would help lower inflation in part by curbing excess spending.
Yellen touts IRS enforcement as helping close the budget deficit
Treasury Secretary Janet Yellen touted increased enforcement of tax laws by the IRS as helping to close the budget deficit by addressing the tax gap with respect to unpaid tax debts.
Top economist says cutting the federal headcount 'should be done'
Heritage Foundation public finance economist EJ Antoni gives his outlook for the national deficit and supports cutting 'counterproductive' federal jobs.
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.