Deficit

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 federal government ran an almost $1.8 trillion budget deficit in FY2025, which ranked as the fourth-largest in history after even larger deficits were incurred in recent years.

The government shutdown continues as Republicans and Democrats clash over Obamacare subsidies, with GOP citing skyrocketing costs and deficit concerns.

The Federal Reserve is expected to cut interest rates 25-basis-points at its meeting this week, though elevated inflation has created a dilemma for policymakers.

The Treasury Department reported federal spending growth has declined under President Trump with outlays falling 2.5% in the third quarter of 2025 compared to Biden era increases.

The U.S. national debt surpassed $38 trillion for the first time this week, growing at a record pace driven by spending stemming from the aging population and elevated interest costs.

The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 trillion interest costs from servicing the national debt.

The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.

A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years.

The One Big Beautiful Bill Act raised the debt limit by $5 trillion, causing concern among fiscal experts as it's projected to add over $3.4 trillion to the national debt over 10 years.

The U.S. national debt surpassed a historic $37 trillion milestone for first time as Treasury Department data shows federal government accumulating debt at rapid pace.

The federal budget deficit increased by $109 billion in first 10 months of fiscal year 2025 despite a $70 billion boost from the Trump administration's tariffs on imported goods.

Billionaire Ray Dalio warned the U.S. risks an economic heart attack within three years unless the federal budget deficit is reduced to 3% of GDP as deficits widen and the debt grows.