Growing The Debt

House Democrats are blaming former President Donald Trump for the rising national debt and trillion-dollar budget deficits two years after Trump left office and Democrats assumed control of Congress.

Balancing the federal budget would require significant spending cuts without tax increases and even additional tax revenue may not close the deficit, based on a CRFB report.

The bipartisan TRUST Act would establish rescue committees that propose financial fixes for endangered trust funds that feed Social Security, Medicare, and highway projects.

The U.S. officially hit its debt ceiling of $31.38 trillion Thursday, which prompted the Treasury Department to use "extraordinary measures" to avoid defaulting on the national debt.

Republican lawmakers are offering proposals to add a balanced budget amendment to the Constitution as the U.S. is poised to hit its debt ceiling Thursday.

Democrats and Republicans in Congress are set to debate spending and the national debt as the federal government faces a looming deadline to raise the debt limit.

With the U.S. on track to hit the debt ceiling limit next week, Treasury Secretary Janet Yellen warns 'extraordinary measures' will be taken to navigate the crisis.

FOX Business host Larry Kudlow breaks down the U.S. debt ceiling and reveals how the House GOP can revive the economy by proposing a budget resolution on "Kudlow."

The federal government is expected to reach its debt limit in the next few weeks which will prompt the Treasury to take extraordinary measures to stave off default.

Jamie Dimon said that Republicans and Democrats should address the debt ceiling now rather than risk a showdown later as they continue working to avoid a government shutdown.

The federal government will soon hit the debt ceiling, which means no additional borrowing can take place. Measures will be needed to make sure the ceiling is not breached.

President Biden's latest extension of the student loan repayment pause could cost taxpayers another $40 billion, according to the nonpartisan Committee for a Responsible Federal Budget.

Today's unprecedented $31 trillion national debt has been building for decades. See how much each president racked up from Richard Nixon to Joe Biden.

As the Federal Reserve raises interest rates to fight inflation, the federal government's borrowing costs on its nearly $31 trillion in debt are expected to skyrocket.

The federal government's borrowing costs on nearly $31 trillion in debt are expected to rise in coming months as the Federal Reserve keeps lifting interest rates.

As the national debt continues to climb and approach an unprecedented $31 trillion, FOX Business compares U.S. government debt to that of other nations.

Sen. James Lankford, R-Okla., on Monday released his latest wasteful spending report, dubbed "Federal Fumbles: Ways the federal government dropped the ball."

Bitcoin is the life raft to store time and value. Bitcoin is the new age version of a no coupon bond issued at a 99% discount with the network effects of a tech company.

The U.S. national debt has hit a new milestone, topping $30 trillion for the first time.

Senate Majority Leader Chuck Schumer, D-N.Y., said the Senate will vote on raising the debt ceiling Tuesday