National Debt Tracker: American taxpayers (you) are now on the hook for $35,680,514,816,032.92 as of 10/7/24
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.
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.
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."
Expert says Medicaid, Medicare reform is critical and can save $2.1 trillion
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.
Trump says he'll ask Elon Musk to lead government efficiency commission if he wins election
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.
Harris says her economic plan will 'pay for itself'
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.
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.
Stuart Varney: Kamala Harris wants to quietly add to our nation's 'tsunami' of debt
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.
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.
Kamala Harris' VP pick: What to know about Tim Walz's economic track record
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.
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.
These two risks to Social Security and Medicare loom large
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.
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.
Jobs report: One-third of the 206K adds in June were in government
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.
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.
Protesters blocking roads could cost states federal highway funds under new bill
A new bill in Congress would cut 10% of a state's highway funding if it doesn't take reasonable steps to prevent protesters from blocking traffic on federal-aid highways.
Which NATO countries are meeting the 2% defense spending commitment?
NATO released its annual defense spending report this week that showed a record 23 countries in the alliance met NATO's commitment to spend at least 2% of GDP on defense.
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.
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
The chief actuaries for Social Security and Medicare testified before the House Budget Committee about the two programs' looming insolvency roughly a decade from now.
Unemployment increased just slightly despite the US adding 272,000 jobs
Over 270,000 jobs were added in May, yet the unemployment rate still rose, fueling economic concerns.