The Treasury Department reported on Friday that the budget shortfall increased by $64 billion to $1.3 trillion in the first ...

President Trump's new spending bill will increase federal deficits, adding to a debt load that's already grown more than 50% since 2020.

The U.S. surplus amounted to a little more than $27 billion, a stark contrast to the $316 billion deficit in May. This ...

With the passage of Donald Trump’s “One Big Beautiful Bill Act” (OBBBA), the US has chosen to pile more debt onto an already ...

The average taxpayer’s piece of the $37-trillion federal debt is about $240,000, or six years of the median income.

Republicans and Democrats have been arguing for months about the pros and cons of President Donald Trump’s One Big Beautiful ...

James K. Galbraith asks whether US Treasury Secretary Scott Bessent is right to urge the Federal Reserve to lower interest ...

California Gov. Gavin Newsom signed on Friday a budget that pares back a number of progressive priorities, including a landmark health care expansion for low-income adult illegal immigrants, to ...

The federal government’s annual program spending is projected to be more than $500 billion during the current fiscal year ...

The Federal Reserve is forecasting aggressive stagflation for the remainder of 2025. Inflation is expected to go up to 3 percent, GDP growth is expected to fall by 1.4 percent, and unemployment will ...

Politicians are reflections of their electorates, and we the people are not ready for any pain. If our voters can begin to ...

And so I want to help people understand both our federal budget deficit and the resulting national debt, as well as our government’s free-spending ways.