Government Spending

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

The U.S. economy grew at a 2.8% annual rate in the third quarter, according to Commerce Department data released Wednesday. That pace is slightly slower than what economists forecasted.

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.

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.

A new report ranks America's governors according to their fiscal policies. The top five are all Republicans, and Iowa Gov. Kim Reynolds ranks No. 1 for the second straight time.

The Small Business Administration has run out of money for its disaster assistance loans, delaying critical relief for people applying for aid in the wake of Hurricanes Helene and Milton.

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.

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."

Surging federal spending on health care programs like Medicare and Medicaid, as well as ObamaCare, prompted Paragon's plan to curb spending by an estimated $2.1 trillion over 10 years.

Former President Trump said that billionaire entrepreneur Elon Musk has agreed to lead a government efficiency commission in a future Trump administration if he wins the election.

Vice President Harris was pressed on her plans to finance her economic agenda and said the "return on investment" would "pay for itself" by strengthening communities and the economy.

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.

FOX Business' Stuart Varney discussed the nation's debt crisis, arguing Kamala Harris' economic plan will lead to higher taxes and compound our deficit problem.

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.

Vice President Harris' selection of Minnesota Gov. Tim Walz as her running mate is bringing new scrutiny to Walz's economic track record as a member of Congress and as governor.

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.

Inflation has taken a major toll on two of the most-important parts of the federal budget — Social Security and Medicare. There are two big risks threatening those programs.

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.

The June jobs report came in at 206,000, higher than expected, though it also showed that nearly a third of those jobs were in government, while April and May reports were revised down.

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.